Dutch investment firm Prosus's CIO Ervin Tu to step down

Ervin Tu, the President and Chief Investment Officer of the Dutch technology investor Prosus, will step down from his role but will remain as an advisor to the group. Tu stated that he feels now is the right time to move on as Prosus' vision and strategy have significantly changed over the past 10 months under CEO Fabricio Bloisi. Prosus is transforming from an investment holding group into an operating technology company, focusing on lifestyle e-commerce in key markets like Latin America, India, and Europe. Tu had led important group initiatives, including simplifying the group's structure and improving financial performance.