People Digest: SG’s 99.co hires senior execs; ASI appoints Japan CEO

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Singapore-based real estate platform 99.co has roped in two key executives at senior level, while Aberdeen Standard Investments has appointed Ken Yajima as CEO and representative director of its Japan business.

SG’s 99.co makes two key hires   

Singapore-based real estate platform 99.co has made two key executive appointments that will help shape the trajectory of 99.co within the real estate classifieds market, according to a statement.

Rajesh Grover, who was previously co-founder and managing director of Lamudi Sri Lanka and Bangladesh, is joining as the managing director of 99.co Indonesia.

Meanwhile, Vivek Kumar, who was previously one of the two product leads at MagicBricks, is named as the head of product.

“They are true powerhouses, having raised start-ups of their own and had outstanding achievements in their fields,” said Darius Cheung, 99.co CEO.

In his new role, Grover will be responsible for driving profitability of Indonesia operations while growing the business. Kumar, on the other hand, will focus on delivering and scaling products for 99.co’s markets.

Both of them have been entrepreneurs in the past, having created and sold previous companies.

99.co brings to market design-centric innovations in real estate, merging geolocation and market data in helping end-users and agents make the best property decisions.

The company, founded by serial entrepreneurs Darius Cheung, Yan Phun and Conor McLaughlin, is backed by key investors East Ventures, Eduardo Saverin, Sequoia (India), Allianz X and Mindworks Ventures.

Aberdeen Standard appoints Japan CEO

Aberdeen Standard Investments (ASI) has appointed Ken Yajima as CEO and representative director of its Japan business, according to an announcement.

Based in Tokyo, Ken succeeds Neil Slater, who has been appointed deputy head of private markets and global head of real estate. Both appointments will be effective from October 2019.

Ken, who has over two decades of experience in Japan’s asset management and financial services industry, was most recently head of distribution and a member of the board of director at Schroders Japan. Prior to that, he has had a 15-year stint at JP Morgan in senior positions.

“Japan is a strategic priority for Aberdeen Standard Investments. Ken brings deep insights into the Japanese asset management industry and a wealth of experience in distribution and business management,” Hugh Young, the company’s head of Asia Pacific, said in a statement.

ASI (Japan) Limited was created in December 2017 from the merger of Standard Life Investments (Japan) Limited and Aberdeen Investment Management K. K. The firm has had a presence in Japan since 2006.

Aberdeen Standard Investments managed $669.6 billion of assets globally as at June 30, 2019.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.