7 November 2011

Ascent Solar appoints TFG Radiant designate to board

Ascent Solar Technologies Inc of Thornton, CO, USA, which manufactures lightweight thin-film photovoltaic modules based on copper indium gallium diselenide (CIGS) using flexible substrate materials, has appointed Victor Lee as a member of its board of directors.

Lee is currently managing director of Tertius Financial Group Pte Ltd, a boutique corporate advisory and private investment firm he founded in February 2009. He has more than 17 years of experience in corporate banking, real-estate finance and investment management, and corporate advisory services at leading worldwide financial institutions.

As a Class 3 director for Ascent Solar, Lee will stand for election at the company’s 2014 stockholder meeting. Lee was appointed to the board as the designate of TFG Radiant Investment Group Ltd pursuant to the stockholders’ agreement of 12 August, whereby TFG Radiant will invest in in Ascent and a jointly establish CIGS PV module manufacturing facilities in East Asia.

Lee began his career at Citibank N.A. handling small- and medium-sized corporate finance, and progressed to a vice president position in the International Personal Banking Division. In 1999 he became managing director and Singapore Market Head in the Private Wealth Management Division at Deutsche Bank AG. From 2007 until 2009 he was with Morgan Stanley Private Wealth Management, most recently as executive director and head of Singapore/Malaysia markets. Lee holds a bachelor’s degree in accounting from the University of Wisconsin and a master’s in wealth management from the Singapore Management University.

“We look forward to benefitting from his expertise and insights, as well as continued support from TFG Radiant,” says Ascent Solar’s president & CEO Ron Eller.

Tags: Ascent Solar CIGS

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