NEW YORK, April 24, 2017 /PRNewswire/ -- Kevin Diao, the founding partner and Chief Executive Officer of Meixin Global Inc., made this year's Forbes 30 Under 30 Asia 2017 list.
The list features 300 success stories across 10 different categories. As one of the honorees under the Finance and Venture Capital category, Kevin co-founded Meixin Global Inc. in 2015, leading the charge in developing one of the first Fin-Tech and investment management platforms to bridge global alternative investments to Asia private wealth money.
Kevin Diao, an ambitious ex-banker who was previously at Bank of America Merrill Lynch as well as Greentech Capital Advisors, was only 26 at the time of co-founding Meixin Global in 2015. The company was founded in New York City with four partners who saw the growing need of the increasingly wealthy Chinese community for global alternative assets as well as the fragmented and underserved investment market. Diao and his partners decided to be the game changers to "influence how money flows in Asia's economy" and integrate the underserved market.
According to Forbes, it took almost six months to put together the list, with only 4% of the individuals making it to the final 300 - a statistic that places it at a lower acceptance rate than that of Harvard or Stanford.
"It is really an honor to be recognized." says Kevin, "We strive to change the way Chinese investors see overseas investments, as we continue to change the game; Meixin Global uses technology to provide them with a better and easier way access high quality global assets, which was really only available to large institutions just a few years ago." Today, Meixin Global has grown to become a truly global cross-border Fin-Tech company with offices in New York, Beijing, and Shanghai, and has been the leader in using technology to educate Chinese market about overseas assets.
"What Kevin and his team are doing is redefining this industry," said Robert Schultz, the partner and Chief Operating officer at Greentech Capital Advisor, and added that him making it on to the list implicates the strong and growing demands of Chinese investors to invest overseas, and the greater chances for Fin-Tech firms to serve more investors besides the traditional wealth managers' top-tier clients.
China's passion for foreign property is booming and obvious to the world. What Meixin Global does is to feed the even greater trend that includes a strong desire for overseas assets that are not just traditional real estate. Some of the most high-profile Chinese investments like HNA and Anbang Insurance have already marched towards the global investment market on an institutional level. However, in spite of this growth, China's High Net Worth market is massively underpenetrated by wealth management institutions, with only 7% of its more than $4 trillion in investable assets being under management1. This blue-sea of a massive, rapidly expanding and underpenetrated market is why Kevin strives to be the game-changer. Helping this market become center-stage of the global financial industry and providing institutional level investment assets to Chinese investors throughout the world is the core of Meixin Global's vision.
About Mexin Global Inc.
Founded in 2015 in New York, Meixin Global is a cross-border financial and technology company providing Chinese investors access to global alternative assets. It provides a one-stop platform for wealth managers, independent investment advisors, private funds and family offices with curated solutions to help their clients invest in internationally.
1 Source: The Accenture Wealth and Asset Management Services study, 2016
SOURCE Meixin Global Inc.