蔡鴻德 (Teddy Tsai)

蔡鴻德 (Teddy Tsai)

Teddy Tsai founded Markis Capital Limited (MCL) and currently serves as its Director and Chief Executive Officer in charge of all research and investment activities. MCL is an independent investor relations advisory and independent research firm, focused on providing research-based insights.
His background has been as a research analyst and manager, primarily covering Asian shipping and offshore companies, working for leading financial firms such as DnB NOR, CLSA, Merrill Lynch, and Morgan Stanley. In addition to his full-time role, he has been invited to speak or moderate at various industry conferences, and has been quoted or interviewed by various media outlets including Bloomberg, Reuters, CNBC, ChannelNewsAsia, TradeWinds, Lloyd’s List, Fairplay, etc.
Prior to founding Markis Capital, Mr. Tsai was Deputy Head of Research in Asia at DnB NOR and was based at the bank’s regional headquarters in Singapore. In addition to his responsibilities for shipping sector coverage in Asia, he introduced innovative products such as the [email protected] series of investor meetings and the Asia Energy, Offshore, and Maritime (EOM) Index.
From 2008 to 2010, Mr. Tsai was Head of Research at CLSA Capital Partners’ shipping fund, Pacific Transportation Asia based in Hong Kong. He worked as part of the investment team, developing investment views on various shipping sectors including offshore supply, product tankers, dry bulk and container shipping. He was also involved
in producing the fund’s business plan and in investment activities including due diligence, pre-investment evaluation and negotiations.
From 2003 to 2008, Mr. Tsai was responsible for equity research covering shipping stocks in Asia for Merrill Lynch, where he last held the position of Vice President. During his time there, he was ranked in a variety of external and internal broker surveys and developed innovative products such as a proprietary dry bulk supply-demand model and Baltic Dry Index forecasts.
Mr Tsai holds a BA in Economics and a BA in Political Science/International Relations, both from the University of California, San Diego as well as a Lloyd’s Maritime Academy Diploma in Ship Finance. He is also currently studying for a Master of Research degree through the University of London International Programmes.