Singapore tech investor Monk’s Hill Ventures has roped in Lina Xiao as head of investor relations, while DBS Group has shuffled its senior executives within the digital institutional banking department and appointed a new country head for Malaysia.
Monk’s Hill Ventures appoints ex-Everstone, Citi exec as fundraising head
Singapore-based venture capital (VC) firm Monk’s Hill Ventures has appointed former Everstone and Citibank banker, Lina Xiao, as its head of investor relations.
According to Xiao’s LinkedIn profile page, she joined Monk’s Hill in the beginning of 2021. She will be responsible for maintaining relations for existing and prospective limited partners (LPs), and raising capital for Monk’s Hill’s funds and co-investments.
Prior to joining Monk’s Hill, Xiao spent two years at Citibank as vice president, and another two years doing capital raising at Everstone Group. She was previously also a relationship manager with Credit Suisse for close to five years, and an investment analyst with Merill Lynch for four years in Sydney.
Monk’s Hill is currently in the market raising capital for its $100 million opportunities fund, which will focus on re-investing into the firm’s existing portfolio companies. The Southeast Asian-focused investor was last reported to have closed its second early-stage fund below target last year, which underscores the fundraising challenges faced by the VC firm.
The VC investor is backed by Singapore state investor Temasek Holdings, as well as endowments, foundations, and family offices from the US and globally. Some of its portfolio companies include Ninja Van, Glints, Logisly, and STOQO.
DBS makes senior appointments in Singapore, Malaysia
Singapore-headquartered financial services firm DBS Group Holdings has appointed a new country lead for Malaysia and a new digital institutional banking head in Singapore, according to a statement.
Abdul Raof Latiff, presently DBS’ group head of digital for institutional banking and global transaction services product management, will replace Jeffrey Ling as DBS Malaysia country head from June 1, 2021.
Meanwhile, Lim Soon Chong will succeed Latiff in his position. Chong has been appointed into his new role with effect from January 1, 2021. “This is to allow for a smooth transition ahead of Latiff’s move into his new role in Malaysia,” DBS said in the statement.
Latiff joined DBS in 2017, after holding several senior regional positions at global banks such as Citigroup, JP Morgan and HSBC. Alongside his new country management responsibilities, Latiff will continue to oversee DBS’ institutional banking ecosystems and strategic platform partnerships.
Meanwhile, Chong will helm the digital, cash, and trade product agendas of DBS’s institutional banking unit.
Ling, who will retire in June, will stay on as a senior advisor alongside Latiff to help continue the engagement with DBS’ key clients in Malaysia, the Singapore-based group said.