Fintech
Validus Appoints Chong Khai Siang Group Chief Financial Officer
By Gloria Mathias
July 08, 2024
- Asia Pacific Fintech
- APAC Fintech News
- Appointment News
Validus, the unique financing for SMEs in Southeast Asia platformannounced the appointment of Chong Khai Siang as Group Chief Financial Officer (CFO) of Validus, effective immediately, reporting to Group CEO Nikhilesh Goel.
Khai Siang will oversee the finance and corporate development functions and lead his business strategy throughout Southeast Asia.
Khai Siang is a financial services veteran with over two decades of leadership and experience in corporate strategy, finance, treasury and capital markets. He specializes in SMEs, retail and global capital markets across Asia. Prior to joining Validus, he held senior leadership roles at Fullerton Financial Holdings and Standard Chartered. During his tenure at Fullerton, he improved overall enterprise value and strengthened governance frameworks across boards and management teams.
Nikhilesh Goel, Co-Founder & CEO, Validus Group said, “With Khai Siang at the helm as Group CFO for Validus, we are strategically positioned to accelerate our financial strategies and drive growth across all markets through innovative methods. I am delighted to welcome Khai Siang to Validus. As we continue to address the USD 270 billion financing gap faced by SMEs in the region, his expertise will be critical in identifying opportunities and implementing robust financing solutions in Southeast Asia.”
Validus recently crossed a significant milestone of S$5 billion in SME loan originations in Singapore, Vietnam, Indonesia and Thailand. The company is backed by strategic investors and VCs, including Vertex Ventures Southeast Asia and India, Vertex Growth, FMO, 01Fintech, NongHyup Financial Group, Norinchukin Bank, Aizawa Asset Management, Lotte F&L, AddVentures by SCG, VinaCapital Ventures, SEA Frontier Fund, K3 Ventures and Openspace Ventures.
At Standard Chartered Bank (SCB), Khai Siang previously served as Head of Liability Management, ALM, in the Capital Markets front office, where he managed balance sheet and regulatory requirements. His tenure at SCB spanned both the front office and middle office, including ALM investment management, corporate finance and domestic finance in Singapore. He also spent three years as ALM chief dealer in Shanghai, China. Khai Siang began his career at Deutsche Bank in global custody.