Embed Financial Group Cayman Holdings ("EFGH" or "the Company") today named Wang MinQi as Interim Group Chief Financial Officer, effective August 7, 2026. He succeeds David Yeoh, who is stepping back from the CFO role and will continue with EFGH as Senior Advisor, Finance.
EFGH's proposed business combination with WinVest Acquisition Corp. remains under review by the U.S. Securities and Exchange Commission, and MinQi will oversee the Company’s financial reporting during this period.
David Yeoh joined EFGH as Group Chief Financial Officer in November 2025, bringing more than two decades of finance experience from Deutsche Securities, Legg Mason Equities, Maybank Kim Eng and Guidepoint Global. David has confirmed to EFGH that his decision to step back is not related to any disagreement with the Company concerning its financial reporting, accounting practices, internal controls or auditors. He will support MinQi through the handover and continue advising EFGH on strategic finance and capital-markets matters.
MinQi is a Certified Practising Accountant with CPA Australia, a designation he earned in 2024. He has nine years of experience in financial controllership, US GAAP reporting, Sarbanes-Oxley (SOX) controls, audit management, treasury and regional financial consolidation. He previously held finance roles at the Singapore subsidiaries of two NYSE-listed companies: Interpublic Group, where he served as Finance Manager and Acting Controller at R/GA Singapore and led the office's internal-control function under Interpublic's SOX framework, and WPP. Earlier in his career, he managed financial consolidation across seven Asia-Pacific markets: Singapore, Malaysia, the Philippines, Indonesia, Vietnam, Thailand and Australia. He holds a Bachelor of Business in Accountancy from RMIT University and a Diploma in Management Studies from the Singapore Institute of Management.
As Interim Group CFO, MinQi will oversee EFGH's financial reporting, accounting, treasury, budgeting, internal controls and finance operations, working directly with the Company's management, auditors and professional advisers.
"David remains a valued member of EFGH," said Dennis Ng, Founder, Executive Chairman and Group Chief Executive Officer of EFGH. "We are pleased that the Group will continue to benefit from his strategic finance and capital-markets experience. MinQi brings strong technical grounding and hands-on experience in financial reporting, internal controls, audit readiness and regional finance operations. His appointment gives us continuity in the finance function while further strengthening the Company’s financial discipline and governance as EFGH grows."
"I am honoured to take on this responsibility," said MinQi. "My immediate priorities are to maintain continuity, uphold disciplined financial reporting and ensure that EFGH's finance function remains rigorous and audit-ready. I look forward to working closely with the leadership team, our auditors and advisers."
"After careful consideration, I asked to step back from the day-to-day responsibilities of the CFO role for personal reasons," said Yeoh. "I remain committed to EFGH and look forward to supporting MinQi through the transition while continuing to contribute as Strategic Finance Advisor."
About EFGH
EFGH is a Singapore-headquartered digital financial infrastructure group that partners with governments, regulated financial institutions and enterprises to deploy embedded finance at scale. Its capabilities include programmable payments, embedded insurance, cross-border digital systems and blockchain-based trust infrastructure. EFGH operates via a B2B2C model across markets in Asia and Africa. EFGH has entered into a definitive business combination agreement with a U.S.-listed special purpose acquisition company, ahead of a proposed listing on a major U.S. exchange.
Forward-Looking Statements
This press release contains statements that are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended as well as Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995, as amended. These forward-looking statements, which are based on certain assumptions and describe EFGH's future plans, strategies and expectations, can be identified by terminology such as "anticipate," "estimate," "forecast," "plan," "project," "potential," "continue," "ongoing," "expect," "aim," "believe," "intend," "may," "should," "will," "is/are likely to," "could" and similar statements. Statements that are not historical facts, including statements about EFGH's beliefs, plans, and expectations, are forward-looking statements. Important factors could cause EFGH’s actual results and financial condition to differ materially from those indicated in the forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, such changes in our management team personnel and execution of our business plans. All information provided in this press release is as of the date of this press release, and EFGH does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
Media Contact
Eugene Leow
Deputy Group CEO
Head of Group Communications
eugene.leow@embedfinancialgroup.com
+65 98779801
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