Prosus chief investment officer Ervin Tu to step down

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 ecommerce, within its key markets of Latin America, India and Europe.

As a result, Tu feels that now is…