Validus, a Singapore-based digital lending platform for small and medium-sized enterprises, Cheong Kai Siang He was appointed as Group Chief Financial Officer (CFO).
Cheong Kai Siang
Reporting directly to Group CEO Nikhileth Goel, Kai Xian will be responsible for managing finances and corporate development, as well as directing the business strategy across the region.
With over 20 years of experience in the financial services industry, Khai Siang has extensive experience in business strategy, finance, treasury and capital markets.
Before joining the company ValidusMr. Schneider previously held senior management roles at Fullerton Financial Holdings, where he oversaw treasury and capital markets, corporate communications and the company’s Chinese subsidiary, and also played a key role in strengthening the company’s corporate value and governance framework.
At Standard Chartered Bank, Khai Siang was Head of Liability Management in the Financial Markets Front Office, managing balance sheets and regulatory requirements.
He also held various treasury roles in Singapore and as ALM Chief Dealer in Shanghai, China. He began his career in Deutsche Bank’s Global Custody division.
Validus recently surpassed S$5 billion in loan disbursements to SMEs in Singapore, Vietnam, Indonesia and Thailand.
The company is backed by investors including Vertex Ventures Southeast Asia and India, Vertex Growth, FMO, 01Fintech, NongHyup Financial Group, The Norinchukin Bank, Aizawa Asset Management, Lotte F&L, AddVentures by SCG, VinaCapital Ventures, SEA Frontier Fund, K3 Ventures and Openspace Ventures.
Nikhileth Goel
Nikhilesh Goel, Co-Founder and Group CEO, Validus, commented:
“With Kai Xian at the helm as Validus’ Group CFO, the company is strategically positioned to accelerate its financial strategy through innovative approaches and drive growth across all markets.
“We are thrilled to welcome Kai Xian to Validus. His expertise will be crucial in identifying opportunities and implementing powerful financing solutions across Southeast Asia as we continue to address the $270 billion financing gap facing SMEs in the region.”
Featured Image Credit: Free Pick
