Cathay Capital appoints Chief Impact Officer
Global investment platform Cathay Capital reinforces its commitment to ESG and Impact by creating the role of Chief Impact Officer.
The new role will be led by Matthieu van der Elst, who joins Cathay with an exceptional track record in developing sustainable innovative technologies and business models as former CEO of Michelin Ventures.
15 years after its inception, Cathay Capital – a pioneering global investment platform focused on helping companies at all stages navigate the opportunities of globalization and sustainable transformation across the world – continues to reinvent itself and to address new challenges with the appointment of Matthieu van der Elst as Chief Impact Officer.
Van der Elst joins Cathay as part of an integrated entrepreneurial project aimed at assessing, measuring, consolidating and developing Cathay Capital’s ESG footprint and impact strategy, as a firm and in cooperation with its portfolio companies, LPs and corporate partners. The global role covers all geographies in which the Cathay Capital group operates including North America, Asia, Europe and Africa.
Mingpo Cai, Founder and President of Cathay Capital, says: “Cathay Capital’s fundamental value is to be useful stewards to our ecosystem and society as a whole. While impact has always been core to who we are as an active investor across four continents, it’s critical to ensure we are contributing to sustaining solutions to the world’s pressing challenges from climate change and scarcity of resources to social equity and inclusion. We are honored by Matthieu’s choice to join our team to help address these challenges and drive positive change, which will further reinforce Cathay’s usefulness.”
Van der Elst adds: “Having worked with Cathay as CEO of Michelin Ventures and an active LP in Cathay Innovation’s fund, I’ll be joining a team I know well and which already has a fantastic track record in investing in companies that stand out for their sustainable growth potential. As Chief Impact Officer, I’m looking forward to working together with the team, entrepreneurs, corporate and institutional investors, to accelerate the digitalisation and scale-up of GreenTech and Circular Economy companies. Cathay is a unique platform to reach innovative positive impact, not only tangible but exponential.”
Denis Barrier, co-Founder of Cathay Innovation, says: “At a time when digitalization is accelerating and achieving scale, venture capital and the wider investment landscape must now adopt a framework that integrates risk, return and impact all at the same time. The transition to a sustainable economy and societal change is challenging us all to scale tech-enabled solutions faster, at a worldwide level. With the support of our platform, we are very pleased to welcome Matthieu to the Cathay team to lead this innovation initiative and tackle these opportunities and challenges head-on.”