Singapore’s Beenext has promoted Faiz Rahman as partner for Indonesia investments; Global investment manager Schroders has added Tim Hallam as a portfolio manager, and Aimazing has appointed Chong Chuan Neo and Ng Eng Ho to its board of directors.
Beenext promotes Faiz Rahman, Hero Choudhary
Singapore-based venture capital firm Beenext has appointed Faiz Rahman as a partner for Indonesia investments, and also promoted Hero Choudhary from partner to managing partner.
Rahman, a graduate of the University of Indonesia, will head the VC firm’s tech investments in the country, largely focusing on pre-seed to Series A funding stages.
Faiz began his journey in tech in 2013 with a mobile app company in Jakarta. Then, he founded a job-matching platform to serve Indonesian students and fresh graduates. He has worked at the soft skills training firm Lepaya (edtech, growth & strategy) and the ride-hailing firm Gojek (product strategy). Prior to Beenext, Faiz worked at Convergence Ventures, a VC firm investing in Southeast Asia.
Choudhary, in his latest role, will support founders of portfolio companies to scale their business toward the growth stage, or potential IPOs.
He was in the hedge fund industry on Wall Street for over 14 years leading investments in consumer internet and fintech growth companies in public markets. He is an alumnus of IIT Bombay (India) and MS from Washington University in St. Louis (USA).
Beenext has invested in more than 80 startups in India and 51 across Southeast Asia including prominent names like Amartha, Zenius, Mekari, Sentient, and Japan’s SmartHR, the country’s largest HR SaaS company. Globally, it has invested in more than 200 startups.
Schroders names Tim Hallam as portfolio manager
Global investment manager Schroders has added Tim Hallam as a portfolio manager as the firm expanded its Australian private debt team, according to an announcement.
In the new role, Hallam will be part of the team responsible for growing and managing Schroders’ private debt capability in Australia. Tim joined from Northern Australian Infrastructure Facility (NAIF), where he was responsible for the origination and execution of loans benefiting Northern Australia.
He now reports to Nicole Kidd, head of private debt, Australia, who joined Schroders in September 2020 to develop Schroders’ private debt capabilities in Australia.
In addition, Schroders has also announced a series of senior leadership appointments globally to support the continuing growth of its diverse range of capabilities within private assets.
Accordingly, Sophie van Oosterom joined as global head of real estate in January 2021. Chantale Pelletier, meanwhile, was appointed as the global head of infrastructure in private assets. Natalie Howard will join Schroders as the head of real estate debt.
Aimazing adds two members to board of directors
Singapore-based tech startup Aimazing has appointed Chong Chuan Neo and Ng Eng Ho to its board of directors.
These appointments come at a time when more merchants recovering from the COVID-19 pandemic are exploring digitization strategies and turning to marketing solutions such as Aimazing’s cashback programme for SMEs in the retail and F&B industries, the company said in an announcement.
Chong was previously a chairman and country MD of Accenture China. In addition to mentoring Aimazing, Chong has also been appointed as a board member of various notable organisations, including Singapore Pools. She also coaches, mentors, and invests in startups and emerging companies, including actively investing in companies with a ‘greater cause’ in the education and technology sectors.
Ng, meanwhile, is currently the chairman of ZWEEC Analytics Pte Ltd. in Singapore and an independent Board Director of TNG Fintech Group in Hong Kong. He has previously served in top management positions, including ST Technologies Telemedia Pte Ltd and Keppel Telecommunications & Transportation Ltd.
“Their joint expertise and leadership experience in leading global companies will be invaluable to Aimazing as we scale our capabilities to support local and overseas SMEs and in our long-term growth,” said Jun Ting, Founder & CEO of Aimazing.