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Co-Founder and CEO

Location:
Gangnam-gu, Seoul, South Korea
Salary:
KRW 4 - 5 million per month
Posted:
September 12, 2022

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Resume:

Andrew Vincent Joo

Mapo Hangang Prugio Mobile: 010-****-**** *************@*****.***; *****@****.***.*** 1

Jun-21-Present WHOLESUM BRANDS PTE. LTD. SG / KR

Co-Founder, Chairman and CEO; E-commerce Technology and Investment Platform

• Executive Management, Operations, and Fundraising

- Raised the largest ever Seed and Series A fundraising rounds in Korea from both local and global VCs

- Raised the first KRW-denominated Venture Debt financing round by a Start-Up in Jun-22

- Chairman and CEO of Wholesum Pte. Ltd.; Co-CEO of Wholesum Brands Co., Ltd. (Korea Office)

- Managing all aspects of e-commerce value chain, brand acquisitions, value-creation strategy, IR Apr-18-Dec-20 SWIPE INC. (Developed at MIT; Sold to Barclays Card in Dec-20) BOSTON, MA Founder and CEO; Fintech start-up mitigating credit card cyber-fraud risk

• Cybersecurity Fintech Innovation, Credit and Debit Card Fraud Risk Management for Card Issuers

- Swipe addresses the $45bn annual commercial losses owing to fraud that was borne by card issuers in 2018

- Recruited and lead a team of MIT and Harvard technologists and architects to build a B2B Fintech API that applied A.I. and geospatial tech to detect online/offline credit and debit card fraud in <0.3sec on a smartphone

• Start-up Execution from Ideation to Strategic Sale

- Crafted go-to-market strategy; Managed customer acquisitions, enterprise sales cycle, code and documentation

- Managed strategic sale negotiations, valuation terms, documentation (signed in Sep-19, closed Jan-20)

- MIT 100K, Harvard Fintech, and Mass Challenge Fintech Competition Finalist Feb-11-Mar-18 FORTRESS INVESTMENT GROUP (via Mount Kellett Capital in 2016) HK / NY Managing Director, Private Equity, Opportunistic Credit, Portfolio Management

• Deputy Head of Asia Growth Capital Private Equity and Opportunistic Credit Origination

- Multi-asset class investment origination, fundamental underwriting, documentation execution, negotiations, and structuring across the cap structure: equity (buyout, growth, rescue, CBs, PIPEs) and credit (direct lending, mezz)

- Invested US$2.2bn+ across 18 private and public deals in KR, JPN, CN, IND, VT, INDO, HK, MY, and AUS

- Sector investments include Tech, eCommerce Platforms, Retail, Financial Institutions, O&G, and Commodities

- Head of Korea, Head of ASEAN, Head of India; Member of Asia Investment Committee

• Head of Asia Portfolio Management and Operations (8 Directorships; Pan-Asia Exposure)

- Designed an institutionalized portfolio mgmt ops; Lead 6 Asset Managers who collaborated with deal teams to front-run portfolio co. issues, advance our commercial agenda, and prepare the businesses for sale or consolidation;

- Crafted strategies to enforce corporate governance and equity/creditor rights to create and protect value

- Lead asset and valuation reviews; Global coordination to agree on methodologies, multiples, discount rates

- Crafted AM reporting policies re: forecasts, KPI UW vs. Actual, risk sensitivities, exit strategy, valuations

- Director/Observer on 8 Boards (US, JPN, KR, INDO, IN, HK)

• Restructurings, Turn-Arounds, Asset Resolutions and Monetizations of 40+ portfolio investments

- Crafted exits via IPO, back-door listings, secondary and strategic sales, put-options;

- Lead or supported value-accretive re-underwrite of distressed investments; asset liquidations

- Debt-to-equity swap restructurings; Re-negotiated creditor terms; Liquidity and tax structuring

- Structured commercial alignment of interests with Founders to craft exits and accelerate resolutions

• Market Scoping, Fund Operations, and Fundraising

- New business architect to expand fund allocation to SE Asia (Myanmar, Vietnam, Cambodia)

- Liaison for US$800mn of Korean LP Commitments (NPS, MMF, KIC) to Fortress’ Drawbridge Funds

- Managed funds flow and exits to align with MK and Fortress’ funds distribution targets

- Mount Kellett Advisory Board presentation of MK Asia’s exited and existing investments Andrew Vincent Joo

Mapo Hangang Prugio Mobile: 010-****-**** *************@*****.***; *****@****.***.*** 2

Jul-07-Sep-10 STANDARD CHARTERED PRIVATE EQUITY (AFFIRMA CAPITAL) HK / SG Associate Director, Private Equity Asia Ex. Japan

• Pan-Asia Private Equity Support

- Supported underwrite of US$400mn+ in 6 private equity transactions in SE Asia, Korea, and China (Pre-IPO, PE, CB, RCPS, PIPE); Achieved 31% realized IRR and 27% unrealized IRR

- Key Analyst involved in articulating investment thesis, drafting all IC memos, documentation execution

• Korea Private Equity Investments/Divestments

- US$228mn for 5.2% stake in Kyobo Life, Korea’s 3rd largest Life Insurance Co.

- US$50mn for 45% stake in Korea’s largest Wastewater Facility Management Co

- US$80mn divestment of Megabox Movie Complex, Korea’s largest theatre chain Apr-06-Jul-07 J.P. MORGAN SECURITIES NY / KR

Analyst, Investment Banking (M&A and Capital Markets)

• M&A and Capital Markets Coverage; Transaction Record

- Transaction analysis and deal support for 10+ M&A, ECM and DCM deals valued at >US$18bn;

- Diversified industry coverage including FIG, Autos, Consumer, Tech;

- Graduated 1st in Global Analyst Training class; Analyst escort for Jamie Dimon in Seoul Jun-00-Dec-05 UNITED STATES ARMY GLOBAL

Captain (commissioned 2nd LT in 2000, 1st LT in 2002, Captain in 2004)

• Global Deployments post 9/11

- Tactical deployments to Afghanistan, Iraq, Thailand, Sri Lanka, North Korea, South Korea

• U.S. Forces Korea, 8th Army, Special Ops Command Korea (SOCKOR), and G-5 (Civil Affairs)

- SOCKOR Finance Officer, U.S. Army Liaison to North Korea (19 Special Ops missions to DPRK)

- Company Commander; Commercial Bank Liaison Officer; Audit, Tax, Installation Budgeting MASSACHUSETTS INSTITUTE OF TECHNOLOGY, MIT SLOAN CAMBRIDGE, MA Master of Business Administration

UNITED STATES MILITARY ACADEMY, WEST POINT WEST POINT, NY Bachelor of Science (B.S.), Economics; Field of Study, Nuclear Engineering Personal:

- Massachusetts Institution of Technology, Undergraduate Applicant Interviewer

- Behavioral Economics Research at MIT Media Lab

- MIT Fintech Association Member

- Adjunct Lecturer, Private Equity and Entrepreneurship, Yonsei University Graduate School of Business

- Seoul Foreign School, Foundation Board Member

- Member of the Institute for Veterans and Military Families

- Native English, Korean Fluency

- NCAA Div. I Athlete (Wrestling)

- U.S. Citizen; HK Permanent Resident; South Korea F-6 Visa



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