Fintech firm VCPlus has announced the appointment of ex-UOB Kay Hian senior executive director Esmond Choo, as well as former OCBC managing director and head of group lifestyle finance & digital ecosystems Desmond Tan as advisors to the company.
Separately, the company also announced the appointment of Yuen Keng Yin as its head of technology and innovation.
Yuen was formerly with the Monetary Authority of Singapore (MAS) for more than 30 years in the leadership team overseeing the IT technology functions including IT infrastructure systems, applications development, data centre and IT security operations.
In an announcement on Nov 29, VCPlus CEO Clarence Chong says that he is are excited to have “three heavyweights” from Singapore’s financial services industry, calling it a “vote of confidence in our vision” to be the first SGX listed custodian for digital assets.
Earlier in April 2021, VCPlus announced that it would diversify its core business into the financial technology and blockchain sectors, including the provision of custodian services for digital assets and advisory services.
It was formerly known as gold miner Anchor Resources.
VCPlus highlights that 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.
Choo also says that he is pleased to be a part of VCPlus’ larger vision to be a leading digital assets player on the SGX. “I look forward to assisting the management to tap the fresh opportunities in the exciting FinTech and blockchain space here.”
Shares of VCPlus closed at 2 cents on Nov 29, up 0.1 cent compared to its previous close.
