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    Derek Hung

    Research Analyst at CITIC CLSA

    Derek Hung is Managing Director and Head of Transaction Management at CITIC CLSA Capital Partners, bringing over 15 years of private equity investment and legal experience in Asia. He specializes in transaction management for cross-border investments, particularly within private equity, and manages legal and structural aspects for investments and exits for CLSA Capital Partners in sectors such as healthcare, TMT, and high-end manufacturing. Derek Hung joined CITIC CLSA Capital Partners in 2021, following a distinguished legal career as a solicitor in England & Wales, New South Wales, and Hong Kong, where he was admitted as a solicitor in 2006. He holds current legal practicing certificates in Hong Kong and is recognized for his extensive credentials in legal and investment management tailored to alternative investment platforms.

    Derek Hung's questions to PLDT (PHI) leadership

    Derek Hung's questions to PLDT (PHI) leadership • Q2 2025

    Question

    Derek Hung of CITIC CLSA questioned the primary drivers behind Maya's net interest margin (NIM) expansion to 20%, its connection to the recent uptick in non-performing loans (NPLs), and requested a net income breakdown between Maya's banking and merchant acquiring businesses.

    Answer

    Aayush Jhunjhunwala, Chief Investment Officer of Maya, clarified that NIM growth was driven by a combination of factors including new credit card offerings, the scaling of personal loans, and an increasing loan-to-deposit ratio. He acknowledged the slight NPL uptick is an expected consequence of new, longer-tenure loan products and should stabilize. A detailed net income split was not provided, but he indicated more financial details for Maya Bank would be released soon.

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