meet our
Managing Directors

The Team That Makes Extraordinary Exits™ Possible

David J. Spencer

Managing Director

In loving memory of David Spencer, remembered for his contributions to STS Capital Partners, his commitment to excellence, and the positive impact he had on those around him. David was a renaissance, urban nomad on an amazing life’s journey. Born in Boston and raised in upstate New York, David has been living and working across Asia for the past 30 years: Japan, Singapore, Thailand, India, Indonesia, Vietnam, and Hong Kong. David’s career too has been wide-ranging. He worked to bring 1+ mm phone lines to rural Thailand (Morgan Stanley), helped redevelop the land under the former Berlin Wall (Morgan Stanley), brought toothpaste and potato chips back to Vietnam after the US embargo was lifted (Procter & Gamble), created and built a $7Bn global restructuring business (General Electric), completed one of Japan’s seminal M&A transactions (GE/Mizuho/Heller Financial), and founded one of Asia’s first PE fund-of-funds (Emerald Hill).

David J. Spencer

He continues to seek-out exciting new opportunities and recently served as acting CEO of an Organic Coconut Business in Thailand (Maprao). He is a MD & Senior Advisor for STS in Asia and as well has served on BOD’s in Mongolia (Real Estate), Singapore/Malaysia/Vietnam (Education), Vietnam (Environmental Paper), and Japan (Metaverse). David holds degrees from Cornell (BS), Wharton (MBA), and The University of Pennsylvania’s Lauder Institute (MA).

David was a founding member of the Pan Asia, Yangon, Sea Dragon, Zen Pacific, and ASEAN United YPO Chapters (Young Presidents Organization). He completed the YPO leadership ladder in his home chapter, and as well served as the Regional Chair for YPO in SE Asia and on the Regional Chairs’ Council. He formerly chaired YPO’s Art, Deal, and Financial Service Networks in Asia and currently serves as the Asia Wine Network Chair, and he was inducted into the CEO Organization. David has been active with the Auction Napa Valley, Mother’s Choice, and Room To Read charities, and he serves on the Board of Directors of Pathfinders (protecting Hong Kong’s most vulnerable children). He has been inducted into the Commanderie du Bordeaux and Knights of Alba wine societies, as well he is the founder of Hong Kong Wine Geeks. David is proficient in English, Japanese, and Indonesian, and he speaks a bit of Thai.

Press Releases

Pursant Founder Mark Herbick Joins STS Capital Partners as Chief Executive Officer 

November 2, 2026

STS Capital Partners is pleased to announce that Mark Herbick has been appointed Chief Executive Officer, effective November 1, 2026, as Pursant, the firm he founded, joins forces with STS. A serial e…

Press Releases

Steve Weclew is Appointed by STS Capital Partners as Managing Director

October 29, 2026

We are pleased to announce the appointment of Steve Weclew as a Managing Director.  A CPA by training, former public-company CFO, and co-founder and CEO of an acquisition-led platform, Steve brings…

Press Releases

Former Goddard Enterprises Managing Director Anthony Ali Joins STS Capital Partners as Managing Director and Partner  

October 19, 2026

STS Capital Partners is pleased to announce that Anthony Ali is joining the firm as Managing Director and Partner, bringing extensive international leadership experience and a proven track record in b…

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Thought Leadership

If You’re Considering an ESOP, Run a Competitive Process

October 15, 2026

Why founders should apply the same process to an ESOP as they would to any other buyer. For many founders, the decision to explore an Employee Stock Ownership Plan (ESOP) is not driven by valuation…

Press Releases

Claude Zdanow is Appointed by STS Capital Partners as managing director

September 30, 2026

We are pleased to announce the appointment of Claude Zdanow as a Managing Director.   A public-company CEO, serial founder, and M&A principal, Claude brings nearly two decades of experience building…

Thought Leadership

Building for an Extraordinary Exit™ Starts on Day One

September 15, 2026

Founders rarely begin building a business with an exit in mind.  The early years are consumed by proving an idea, winning customers, preserving cash and creating momentum. Decisions about governance…

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