Antony Leung

Group Chairman & Founder

“In New Frontier, we have a young but proven team solving some of the biggest challenges of our time, right here in Asia.”

Mr. Antony Leung is the Founder and Group Chairman of New Frontier Group.

Antony is also Group Chairman & CEO of Nan Fung Group, a regional conglomerate engaging in real estate and investment businesses. Prior to this, Antony was Senior Managing Director, Chairman of Greater China and a member of the Executive Committee of Blackstone.

Antony was the Financial Secretary of Hong Kong from 2001 to 2003. Prior to this appointment, Antony had extensive experience in financial services. He was the Chairman of Asia for JP Morgan Chase; Country Corporate Officer of Citigroup for China and Hong Kong, Regional Treasurer for North Asia, Head of Investment Banking for North and South West Asia and Head of Private Banking for Asia.

Other public service that Antony had engaged in included Non-Official Member of the Executive Council of Hong Kong SAR, Chairman of Education Commission, Chairman of University Grants Committee, Member of Exchange Fund Advisory Committee, Director of Hong Kong Airport Authority and Hong Kong Futures Exchange, Member of the Preparatory Committee and Election Committee for the Hong Kong Special Administrative Region and Hong Kong Affairs Advisors.

Antony was Independent Director of Industrial and Commercial Bank of China, China Mobile (Hong Kong) Limited, and American International Assurance (Hong Kong) Limited; Vice Chairman of China National Bluestar Group and International Advisory Board Member of China Development Bank and European Advisory Group.

Antony is currently an Independent Non-Executive Director of China Merchants Bank and Chairman of charity organizations Heifer International Hong Kong and Food Angel.

Carl Wu

Group CEO & Founder

Carl Wu is the Founder and CEO of New Frontier, a patient-centric healthcare company in China. Since its inception in 2016, Mr. Wu led New Frontier from a start-up to an industry-leading healthcare group covering acute hospitals, outpatient / ambulatory services, rehabilitation hospitals, home health, oncology, health insurance and health technology, servicing approximately 10 million patients annually.Mr. Wu is currently the President and Chairman of the Executive Committee of New Frontier Health / United Family Healthcare (NYSE: NFH). He is also the Executive Chairman and Co-founder of YD Care (home healthcare service provider), Heal Oncology (oncology group in the Greater Bay area), Boxful Technology (the leading on-demand storage service provider in Asia), HelloToby Technology (the leading online service marketplace in Hong Kong), and Better Health. Carl is also the Chairman of Care Alliance (the leading post-acute healthcare operator in China), and the Chairman of NF Greater Bay Area Health Holding).

Prior to founding New Frontier, Mr. Wu was one of the youngest Managing Directors at Blackstone and executed some of Blackstone's most important investments in China. He was a founding member of Blackstone Asia and was instrumental in establishing Blackstone's businesses across China. Prior to moving to Hong Kong, Mr. Wu was based in Blackstone's London office, and has worked in Blackstone’s London, Hong Kong, Shanghai, and Beijing offices. Before joining Blackstone, he worked in investment banking at UBS in London.

Mr. Wu was acknowledged by Fortune as one of “40 Under 40” global business and political stars in 2021. Mr. Wu holds a Bachelor of Science in Economics from the London School of Economics, where he graduated with First Class Honors.

Roberta Lipson

CEO - New Frontier Health / United Family Healthcare

Roberta Lipson is the founder of United Family Healthcare (UFH). She has over 40 years of experience as a pioneer in the healthcare industry in China. She originally co-founded United Family Healthcare’s predecessor company Chindex in 1981, expanding the business from China’s top medical equipment distribution company into China’s first and largest foreign-invested healthcare system. After almost two decades, UFH has established itself with hospitals and clinics in Beijing, Shanghai, Guangzhou, Tianjin, Qingdao, and Hangzhou as the provider of choice for those seeking premium, personalized healthcare. United Family Healthcare was rated in 2016 as “The Most Trusted Healthcare Brand of China” by the Chinese Business Journal.

David Zeng

Managing Director; COO - New Frontier Health

Mr. David Zeng is a Managing Director at New Frontier Group and is a Director of the Board of New Frontier Health Corporation (NYSE: NFH). Mr. Zeng is primarily responsible for the investments efforts at New Frontier Group and the operations of portfolio companies. Mr. Zeng led the acquisition of United Family Healthcare by New Frontier Corporation (renamed to New Frontier Health Corporation) with a total enterprise valuation of $1.44 billion.

Prior to joining New Frontier, Mr. Zeng was a Senior Associate at Blackstone’s Private Equity Group in Hong Kong. At Blackstone, he executed a number of investments across multiple industries in China, including the take-private of Global Sources Limited (one of world’s largest electronics exhibition operators) and the buyout of Shya Hsin Packaging (one of world’s largest color cosmetics plastic packagers). Mr. Zeng was also actively involved in the operations of Blackstone portfolio companies. He was most recently the interim-CFO and Executive Director of Shya Hsin Packaging and led a number of key operational initiatives. Prior to joining Blackstone, Mr. Zeng was a member of the Mergers & Acquisitions Group at Barclays in Hong Kong.

Tom Sze

Managing Director; COO - Strategic Healthcare Holding; Head of Investment

Mr. Tom Sze is the Head of Investments of New Frontier. Prior to joining New Frontier, Tom was an Investment Professional at Viking Global Investors, one of the largest global hedge funds, where he was responsible for a few billion dollars in the Asia Internet, Technology, Media and Telecom, and Industrial sectors. Prior to Viking, Tom was at Blackstone’s Private Equity Group in Hong Kong. He was one of the earlier members of the Blackstone Asia team, where he led and executed a number of investments in China, Korea, South East Asia and Australia. Prior to Hong Kong, Tom worked at Francisco Partners and McKinsey in San Francisco.

Tom received his Bachelor of Science degree in Electrical Engineering and Computer Science with Magna Cum Laude from Harvard University, and a Masters degree in Management Science and Engineering from Stanford University.

Shuo Wang

COO - New Frontier Vitality

Mr. Shuo Wang is the Group Finance Controller of New Frontier Group.

Mr. Wang is responsible of leading the overall finance function of New Frontier Group and all our portfolio companies.

He works closely with venture teams and focuses on building the excellence of financial management that helps business to grow rapidly and sustainably.

Prior to joining New Frontier, Mr. Wang held senior position at Amcor China and Deloitte, where he led consulting services for well-known MNCs in both financial and pharmaceutical sector.

Mr. Wang earned his Bachelor degree in Engineering from Fudan University, as well as the International Master of Business Administration degree from Sauder School of Business at University of British Columbia.

Ed Tam

Managing Director; CEO - Heal / New Frontier Hong Kong

Mr. Ed Tam serves as the Chief Design officer of New Frontier Group and Vice-Chairman of NF Innovation. In his capacity as the Chief Design Officer, Ed is responsible for leading the overall brand design and experience strategy of all of our portfolio companies. He is currently working on our latest acquisition of an AI company that helps enterprises unlock the value of machine learning.

Ed was most recently the Co-founder and CEO of HelloToby, where he led the product creation and roll out of the platform. In little over a year, HelloToby has become the leading marketplace for services in Asia. He continues to serve of the board of HelloToby; providing counsel in matters concerning marketing and marketplace expansion.

Prior to joining New Frontier group, Ed was a senior marketing executive at Nike China where he was responsible for the launch of the Nike Flyknit franchise and Digital Sports. He also held several leadership roles in the world’s top marketing agencies including, TBWA and Mindshare.

Ed has previously ran his own strategic design studio, Tam + Partners in Europe where he advised a portfolio of automotive, education and sports companies on their future design agendas.

He holds a Master of Arts degree in Service Design from the Royal College of Art in the UK, as well as an undergraduate degree from the London School of Economics.

Jason Zheng

CEO - NF Insurance Solutions; CEO - HelloToby

Mr. Jason Zheng is currently an Executive Director at New Frontier and Head of Product at HelloToby.

Jason works closely with the venture team at New Frontier and is involved in the sourcing and execution of investment opportunities. He currently serves as Head of Product at HelloToby – Hong Kong’s leading Marketplace for Services. He also played an instrumental role in the creation of Boxful, Asia’s largest on-demand self-storage company.

Before joining New Frontier, Jason worked in the Investment Banking Division at JPMorgan where he was involved in a number of high-profile equity transactions across Greater Asia.

Jason earned his Master in Financial Economics degree from the University of Oxford and is also an alumnus of University of British Columbia where he earned his Bachelor in Commerce.

Brian Siu

Executive Director; COO - New Frontier GBA

Mr. Brian Siu is an Executive Director of New Frontier.

Brian currently helps with the new project development and ventures portfolio management in New Frontier. Brian works closely with the venture team at New Frontier and is involved in formulating deal terms, structuring and execution of investment opportunities.

Before joining New Frontier, Brian spent 6 years in consulting and VC sector. Brian worked in McKinsey & Company, Greater China first as a Business Analyst and an Associate, covering healthcare, financial, internet, consumer goods, logistics industries, etc. After the time at McKinsey, Brian joined Nova Founders Capital as a Venture Manager to manage over 100Mil HKD yearly digital marketing budget for its major portfolio companies.

Brian earned his Bachelor in Business Administration from the Chinese University of Hong Kong.

Prince Wang


Mr. Prince Wang is the CTO at New Frontier where he leads the long-term technology vision of New Frontier’s various portfolio companies.

Prince currently serves as the CTO for Toby, the leading Marketplace for Services in Hong Kong, where he is responsible for overseeing all technical aspects, including the software architecture, information technology and engineering of the company. Prior to his role at Toby, Mr. Wang has over 10 years of technical experience serving as the Lead Senior Software Engineer in China’s most prestigious tech companies including AliPay and Dianpin (now Meituan-Dianpin), as well as the Senior System Architect behind one of the leading transportation management software in North America.

Prince graduated from Wuhan University where he received his Master’s in Computer Science and Bachelor in Physics.

Serena Xie

New Frontier Vitality
Co-Founder & CEO - YDCare,

Mrs. Serena Xie is the Co-Founder and Chief Executive Officer of YD Care (home healthcare start-up in China), and has 15 years of experience both in China and US in the senior living and healthcare industries.

Serena returned to China in 2010 to lead the China business of global senior living and healthcare conglomerate Emeritus Senior Living and Columbia Hospital, both part of Dan Baty’s global healthcare empire. She successfully set up the first high-end foreign senior living brand and first foreign for-profit senior living facility in China, and also systematically localized the US operating model and training program to the Chinese market.

At the same time, Serena was also responsible for making investing on behalf of Columbia Pacific Healthcare Fund in China. As part of her role, she bought and built a sizable portfolio of hospital and clinic, and successfully executed the phase I strategy in terms of market entrance and operating capabilities. In addition, she was a key member in securing the major capital investment from Singapore Sovereign Fund.

Serena earned her Bachelor degree in Finance from University of Illinois at Chicago.

Sara Li

New Frontier Vitality
Co-Founder & COO - YDCare

Mrs. Sara Li is the Co-Founder and Chief Operating Officer of YD Care (home care & home healthcare), and has over 13 years of experiences in hospital, clinic and senior living investment, management, and operations.

Prior to joining YD Care, Mrs. Li was the Director of Investment and Business Development at Columbia China Group. She executed numerous hospital and senior living investment projects, including 1 level-3 specialty hospital and 2 clinic acquisitions, 3 greenfield hospitals and senior facility development projects in Shanghai, Jiangsu and Zhejiang Provinces.

Prior to joining the Columbia China Group, Mrs. Li held senior operations and management roles at several Level-3 public hospitals, foreign hospitals and chain medical facilities in the Yangtze River Delta Region.

Over the years of diversified exposures in the healthcare industry, Mrs. Li has gained in-depth knowledge and experience in analyzing consumer purchasing behavior. In addition, she has developed strong leadership capability as well as good understandings of government policies and regulations in the fields of acquisition, new setup and operation of medical and senior living facilities.

Mrs. Li has a Master Degree with China Pharmaceutical University.

Albert Xu

New Frontier Vitality
Co-Founder & Co-CEO - Care Alliance

Mr. Albert Xu is the co-founder and co-CEO of Care Alliance. Care Alliance operates post-acute rehabilitation hospitals, pediatric rehabilitation centers, geriatric hospitals and long-term nursing facilities. It is committed to promoting modern principles and practices as well as cultivating talents across the rehabilitation and age care continuum in China.

Prior to founding Care Alliance, Mr. Xu worked at Blackstone’s Private Equity Group in Shanghai and Hong Kong, responsible for the assessment, execution and management of investment opportunities in Greater China. He was a key member executing Blackstone’s first significant healthcare transaction in China – investing over US$150m into one of China’s leading manufacturers of orthopedic implants. Before joining Blackstone, Mr. Xu worked at the investment banking division of Deutsche Bank in New York and executed over US$10B+ of M&A and financing transactions.

Mr. Xu received his Bachelor of Business Administration degree with High Distinction from Stephen M. Ross School of Business at the University of Michigan.

Shuai Yuan

New Frontier Vitality
Co-Founder & Co-CEO - Care Alliance

Mr. Shuai Yuan is the co-founder and co-CEO of Care Alliance. Care Alliance operates post-acute rehabilitation hospitals, pediatric rehabilitation centers, geriatric hospitals and long-term nursing facilities. It is committed to promoting modern principles and practices as well as cultivating talents across the rehabilitation and age care continuum in China.

Prior to forming Care Alliance, Mr. Yuan previously worked at Morgan Stanley Private Equity Asia, leading the assessment, execution and management of healthcare investment opportunities in Asia, including privatization of public hospitals and acquisition and set-up of rehabilitation hospitals. Prior to Morgan Stanley Private Equity Asia, Mr. Yuan worked in Morgan Stanley Investment Banking Division, assisting on multiple cross-border M&A transactions in industrial and transportation sectors.

Mr. Yuan received his Bachelor of Arts degree in Economics and Political Science with Distinction from Yale University.

Arthur Chen

Vice President

Mr. Arthur Chen is currently an Investment Associate at New Frontier. Arthur primarily focuses on the execution of investment opportunities in healthcare service industry and the post investment strategy and operation. He has participated in the IPO of New Frontier Corporation (renamed to New Frontier Health Corporation) and its acquisition of United Family Healthcare as a key member and responsible for various post-investment work streams. Before joining New Frontier, Arthur worked in IDG Capital as a Financial Analyst where he was involved in the post investment financial analysis of hundreds of early stage companies. Prior to this, he was an Associate in PricewaterhouseCoopers Advisory.

Edwards Jia


Mr. Edwards Jia is currently an Investment Analyst at New Frontier. Edwards primarily focuses on the analysis and execution on New Frontier's M&A opportunities and participated in various workstreams in the company's business expansion in Greater Bay Area. He is also heavily involved in the fundraising efforts for multiple platforms of the company. Edwards holds a bachelor's degree of Economics and Finance at the University of Hong Kong.

Christopher Ho


Mr. Christopher Ho is involved on deal sourcing and execution of investment opportunities in the healthcare sector with a focus on the Greater Bay Area, leaning on his expertise on the industry through his Neuroscience degree at the University of Cambridge.

Before joining New Frontier, Chris worked in Transaction Services at KPMG Hong Kong, performing financial due diligence on over 50 M&A deals in Hong Kong and Greater China.

Chris graduated from the University of Cambridge with a bachelor’s degree in Neuroscience with First-class Honours on his dissertation regarding Attention Deficit Hyperactivity Disorder (ADHD)