Garwin Chan Joins 5miles as Chief Financial Officer

DALLAS--(BUSINESS WIRE)-- 5miles, one of the nation’s fastest-growing mobile marketplace apps, has named as its chief financial officer a veteran executive with deep experience in global technology, goods and services.

The Dallas-based company’s appointment of Garwin Chan as CFO marks the latest advancement of the app, which launched less than a year ago and now has nearly 4 million users and averages more than 30,000 downloads a day.

Chan, 35, will be based in Hong Kong, reporting to Dr. Lucas Lu, 5miles’ founder and chief executive officer.

“Garwin is a seasoned financial professional with exceptional knowledge and vast relationships from his work in a highly competitive field,” Dr. Lu said. “He has documented success in leading and exceeding business objectives as we continue our growth.”

Chan previously was a managing director at Founder H Fund, a private equity fund in China. Before that, he was vice president of Bain Capital, where he led diligence teams for investments in Asia and in the U.S. Chan played key roles on multiple transactions, including a $120 million investment in a global call center company, a $1.6 billion buyout of an industrial goods company and a $165 million buyout of an auto supplier.

Chan began his career as an investment professional at Sankaty Advisors, the mezzanine and debt-focused affiliate of Bain Capital. At Sankaty, he was part of a two-person team that managed a $400 million telecom portfolio, investing in distressed debt, high-yield bonds, mezzanine and public equities.

Chan received a bachelor’s degree in economics from Harvard College, and an M.B.A. from Harvard Business School.

About 5miles

5miles is a hyper-local mobile marketplace app, one of the nation’s fastest-growing online shopping ventures in only a year of operation. It is the first app of its kind to include services, housing and jobs, in addition to second-hand trading. Putting a premium on safety and security, 5miles does not permit personal information on an item description, offering instead a proprietary messaging system that keeps contact information private. To learn more about 5miles, visit 5milesapp.com.

View source version on businesswire.com: http://www.businesswire.com/news/home/20151215005392/en/

5miles
Mark Brinkerhoff, 1-817-681-5739
[email protected]

Source: 5miles

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