SOURCE: CoAssets Pte Ltd

CoAssets Pte Ltd

February 12, 2016 02:05 ET

Chairman of Singapore Venture Capital & Private Equity Association (SVCA) & Asia's Best Treasurer 2015 Join CoAssets as Independent Directors

SINGAPORE--(Marketwired - Feb 12, 2016) - Homegrown crowd-funding company CoAssets Pte Ltd, which is listed on the National Stock Exchange of Australia to form CoAssets Limited ("CoAssets" or the "Company") (NSX: CAX), is pleased to announce the appointment of two independent non-executive directors. Dr. Jeffrey Chi will join the board on 15 February 2016 while Mr. Chew Siang Chee will commence with the Company on 1 March 2016. 

Dr Chi is a veteran in the investment and start-up space in China and South East Asia. Some of his notable exits/partial exits include UUCUN (Trade Sale, China), Sunfun Info (IPO TT:5278, Taiwan), Cambridge Real Estate (IPO SGX: J91U.SI & Trade Sale, Singapore), Real Time Gaming Asia (Trade Sale, Singapore), TWG Tea (Trade Sale, Singapore) and Asian Food Channel (Trade Sale, Singapore).

Mr Chew's expertise in cross border currency transactions will be a great asset to CoAssets' international expansion. He recently won Asia's Best Treasurer at the Corporate Treasurer Marquee Awards 2015, following his capacity to improve companies' finance and treasury operations in testing environments. 

Commenting on the new appointments, CEO of CoAssets Mr Getty Goh stated:

"We are pleased to have Dr. Chi and Mr. Chew on board. These individuals are highly regarded and it is definitely an honour to have them join our board as independent directors. As CoAssets is branching out into countries like Indonesia and China, we believe that the company will benefit from their operational experience and industry background."

"Dr. Chi has been an advisor with the company from the start and shares our vision of making CoAssets the top Fintech platform in the region. Hence, it is fitting that he is coming onboard as an independent director, as we prepare to aggressively expand our operations."

"Similarly, Mr. Chew's experience in foreign exchange risk management is essential in our pursuit to make CoAssets a truly regional crowdfunding platform. It is our regional presence that sets us apart from the other local players and with talents like Dr Chi and Mr. Chew, I am confident to say that we are a step closer to making crowdfunding more accessible to users from ASEAN, China and Australia."

"From the investors' perspective, this also shows the company's commitment to bring the best and brightest on board. The fact that well-respected individuals are prepared to join our team goes to show that we are not some fly-by-night start-up but a leader in the crowdfunding space."

About Dr. Jeffrey Chi

Dr. Chi is a Managing Director of Vickers Venture Partners, and a member of its Investment Committee and is currently Chairman of the Singapore Venture Capital & Private Equity Association. Dr. Chi also sits on the Engineering & Technology Management Departmental Consultative Committee at the National University of Singapore. Dr. Chi is a Chartered Financial Analyst holder, and graduated from Cambridge University with 1st Class Honours in Engineering. He earned his PhD from the Massachusetts Institute of Technology in Organizational Knowledge and Information Technology. His experience spans a variety of industries including information technology, healthcare, and media.

Dr. Chi is currently a member of the Board of Directors of Jing Jin Electric, Matchmove Entertainment, lumina Looque, Roomorama, Affordable Luxury Network, Spicy Horse, Play Peli, California Intercontinental University, Mobinex, Inc., Alo7.com, Chinaway, Lotaris and Tenfen Technology.

About Mr. Chew Siang Chee

Mr. Chew is a Certified Practising Accountant (CPA Australia). He completed his Bachelor of Commerce majoring in Accounting, Investment Finance and Corporate Finance at the University of Western Australia, as well as a 2nd Upper Honours in Finance.

Mr. Chew is currently the Asia Treasurer of Mercuria Energy Trading S.A, and is responsible for all Treasury activities in Asia. Formerly the Treasury Manager of Noble Group, and before that the Treasury Advisor of Cargill, he has vast experience with providing foreign exchange risk management, as well as other financial advisory expertise. He recently won The Corporate Treasurer Marquee Awards for being Asia's Best Treasurer.

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