David Wu

Co-Founder & President @ Ascent Funds

About

David Wu is a British‑Chinese investor and Capital Markets/IPO specialist who helps sovereign funds, family offices and founders connect Middle East capital with emerging energy and industrial technologies in Asia and the US. He is President and Co‑Founder of Ascent Funds in the US and Founder of Incepto Global in Singapore and Riyadh, focusing on energy systems, advanced hardware manufacturing and cross‑border listings.Previously, David was a Rothschild banker in London, Moscow and Singapore; Head of Capital Markets at InterOil Corporation in New York, where he navigated the high‑profile US$2.5 billion acquisition by ExxonMobil; Chairman of Capital Markets at Fosun International in Shanghai; and Senior Advisor to ALAT, the US$100 billion industrial manufacturing platform of Saudi Arabia’s Public Investment Fund.He studied Economics and Management at Trinity Hall, University of Cambridge, is a mentor for Singapore’s IMDA accelerator programmes, and sits on the board of the H2 Grand Prix Foundation. David also serves on the Executive Committee of YPO SEA Lestari, a YPO chapter focused on driving positive impact through business.Platforms:<<<www.incepto.global>>><<<www.ascent-funds.com>>><<<www.ypolestari.com>>>

Country

City

Singapore

Industry

Financial Services

Skill

Venture Capital, Strategic Partnerships, Crisis, Investor Relations, IPO, Crisis Management, Fundraising, Reputation, Public Relations, Strategic Planning, New Business Development, Business Strategy, Marketing Strategy, Financial Analysis, Strategy Development, Capital Markets, Mandarin, Media Relations, Corporate Communications, Strategic Communications

Experience

Co-Founder & President

Ascent Funds

2020-1 - Present · 6 yrs 9 mos

Miami, Singapore

Ascent Funds is a US based energy transition fund running investment strategies across traditional and new energies. Known for its hydrogen and battery tech investments, Ascent was established by David Wu, Mark Gordon, former energy manager at George Soros and John Vogelstein, the co-founder, President and CIO of Warburg Pincus. Find out more at www.ascent-funds.com.

Board Member

STEP Foundation

2023 - Present · 3 yrs

The mission of the “H2GP Foundation” is to accelerate our transition to a sustainable energy future by providing educational programs that promote the adoption of renewable energy and hydrogen technologies. We believe that by empowering individuals and communities with the knowledge and tools to access clean, reliable, and affordable energy, we can create a more equitable and resilient world. We strive to inspire and engage people from all backgrounds to take action towards a cleaner and brighter future.

Chief Executive Officer

Incepto Global

2011-2 - Present · 15 yrs 8 mos

Singapore | Hong Kong | Miami | Riyadh

Speciality advisory company focused on cross-border transactions, financing and growth. Clients range from Government entities (Alat) to large conglomerates (Fosun) to some of Asia's fastest growing companies (Vizzio, H3Dynamics, Sans Faff, Lanvin Group, Group One)

Senior Advisor - CEO Office

Alat

2024-1 - 2025-2 · 1 yr 2 mos

Riyadh, Saudi Arabia

David was Senior Advisor to the CEO Office of ALAT where he lead business development and pipeline acquisition. Alat is an investment & manufacturing firm backed by $100 billion of capital from Saudi Arabia's Public Investment Fund (PIF) to build a global electronics and manufacturing hub in the Kingdom powered by clean energy.