Finance
Prosus' chief investment officer Ervin Tu to step down
Published by Global Banking & Finance Review®
Posted on June 3, 2025
2 min readLast updated: January 23, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on June 3, 2025
2 min readLast updated: January 23, 2026
Ervin Tu resigns as Prosus' CIO amid a strategic shift towards e-commerce under CEO Fabricio Bloisi, remaining as an advisor.
JOHANNESBURG (Reuters) -Dutch technology investor Prosus said on Tuesday that Ervin Tu, the group's President and Chief Investment Officer will step down from his role.
Tu will remain in his role as an advisor to the group, the company's statement added.
Prosus' vision and strategy has changed significantly over the past 10 months under CEO Fabricio Bloisi, transforming the company from an investment holding group into an operating technology company, focused on lifestyle e-commerce, within its key markets of Latin America, India and Europe.
As a result, Tu feels that now is the right time to move on, said the company, controlled by South Africa's Naspers.
"I have enjoyed my time with the group immensely, I've accomplished what I wanted to achieve, and the Group is in very good hands," Tu said.
Since he joined in August 2021, Tu has led important group initiatives, such as simplifying the group's structure, improving group-wide financial performance, implementing the ongoing share repurchase programme, and enhancing the operations of the investment team, Prosus said.
"Ervin has made significant contributions to our people, strategy and capital allocation – as CIO, as interim CEO and as President. I am very grateful to him for his counsel and support," Bloisi added.
(Reporting by Nqobile Dludla in Johannesburg and Gursimran Kaur in Bengaluru; Editing by Janane Venkatraman and Louise Heavens)
Ervin Tu feels that now is the right time to move on as the company's vision and strategy have changed significantly over the past 10 months under CEO Fabricio Bloisi.
Tu will remain with the group as an advisor, continuing to provide his insights and support.
Since joining in August 2021, Tu has led initiatives to simplify the group's structure, improve financial performance, and implement a share repurchase program.
Prosus is controlled by South Africa's Naspers, a major player in the technology investment space.
Under CEO Fabricio Bloisi, Prosus has transformed from an investment holding group into an operating technology company, reflecting a significant strategic shift.
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