People Digest: Grab appoints COO; Gemini execs exit to start crypto venture

Grab COO Alex Hungate

In one of the high-profile people movements, Grab has appointed Alex Hungate as its chief operating officer. In a separate development, two senior executives of cryptocurrency platform Gemini have left the company to establish their own crypto venture.

Grab appoints COO

Southeast Asia’s leading super app Grab Holdings Limited (Grab) has appointed Alex Hungate as its chief operating officer (COO), per an announcement.

He will be reporting to group CEO Anthony Tan.

In this role, Hungate will oversee Grab’s mobility, deliveries and financial services businesses, as well as the company’s marketing and user support functions.

He brings more than 25 years of leadership experience in the financial services, logistics and food services industries to drive the execution of Grab’s super app strategy.

“Grab’s business has been resilient to the uncertainties caused by COVID-19 and its variants, because our superapp strategy has enabled us to diversify our services and increase user engagement. Alex is well placed to create greater ecosystem synergies across Grab, and drive further growth, engagement and monetization across our core businesses, as he is a proven operator in our industries and has managed global public companies in Southeast Asia,” said Anthony Tan, Group CEO & Co-founder,Grab.

Prior to Grab, Hungate served for eight years as the president and CEO of SATS, a leading food solutions and logistics company that is listed on the Singapore stock exchange.

Before that, he has had stints at HSBC Group, and Reuters.

Two Gemini execs exit in Asia

Jeremy Ng, Gemini’s Asia Pacific head and Eugene Ng, head of business development have left the company to establish their own company, The Business Times reported.

Jeremy Ng joined Gemini in June 2020 as a managing director. He was previously Asia chief executive at Leonteq and has worked at global investment banks Goldman Sachs, Deutsche Bank, and Morgan Stanley.

Meanwhile, Eugene Ng has had stints at Barclays Capital, Barclays Investment Bank, Citi Singapore and Deutsche Bank, among other financial institutions.

The two men declined to confirm their departure with the portal.

Gemini is a platform that allows customers to buy, sell, store, and earn cryptocurrencies like bitcoin, ether, and DeFi tokens.

The company was founded in 2014 by twin brothers Cameron and Tyler Winklevoss.

In November last year, Gemini raised $400 million in a growth equity round, which valued the company at $7.1 billion.

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.