Mr. Yan, Sheng is the Founder and Acting CFO of Patent Alliance Innovation Fund (PAIF) and, non-executive Chairman of XINOVA China, a spin-off entity of Intellectual Ventures where he was President for Greater China Region. Before joining IV in late 2008, Mr. Yan had long and distinguished careers in banking and finance working at a number of global institutions including AIG Financial Products as its Managing Director and Head of China, BankBoston as Managing Director and Hong Kong Branch Manager, Lehman Brothers as Senior Vice President, and Bank of China in various senior positions. Altogether, Mr. Yan has had 35 years of experience in finance and technology, and has mastered multidisciplinary problem solving skills with a global prospective. Mr. Yan has lived and worked outside China for 25 years in New York, Hong Kong, and Europe.