Executive moves: VCPlus taps banking veterans; Challenger, Nordic, ASTI

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Singapore companies announcing executive changes: VCPlus, Challenger Technologies, Nordic Group and ASTI Holdings.


VCPlus has appointed Esmond Choo and Desmond Tan as advisors and Yuen Keng Yin as head of technology and innovation, the company said in a filing to SGX Monday.

Choo was previously the senior executive director of UOB-Kay Hian Holdings, while Tan was the managing director and head of group lifestyle finance and digital ecosystems at OCBC, the filing said. Tan is also an investor in VCPlus and its subsidiary Custody Plus, the filing noted.

Yuen has been with the Monetary Authority of Singapore for more than 30 years, working on the team overseeing IT, including infrastructure systems, applications development, data center and IT security operations, the filing said.

VCPlus has previously announced plans to diversify into financial technology and blockchain sectors, including providing custodial services for digital assets and advisory services.

“The appointment of veteran senior executives from the financial sector will allow VCPlus to tap onto their deep expertise, resources, and professional networks to accelerate its business expansion in the financial and blockchain technology sector,” the company said in the statement.

Challenger Technologies

Challenger Technologies has appointed Tan Keng Soon, age 49, as non-executive non-independent director, according to a filing to SGX Monday. Tan is co-founder and managing partner of Dymon Asia Capital, the filing said.

Tan is deemed interested in around 59.92 million shares of Challenger which are held by Digileap Capital, the filing said.

Nordic Group

Nordic Group said Monday it appointed Astro Chang Yeh Fung, age 52, as group head of strategic investments and projects, effective 1 December.

Astro Chang Yeh Fung is the brother of Chang Yeh Hong, the company’s executive chairman, Nordic said in a filing to SGX.

ASTI Holdings

ASTI Holdings said Monday it has appointed Anthony Loh Sin Hock, age 51, as chief financial officer, effective 1 December.

Loh was the vice president of finance at ASTI Holdings from 2017 to 15 May 2021, and the finance director at Clickview from 2016 to 2017, the company said in a filing to SGX. He is currently at Dragon Microfits, the filing said.


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