People Digest: Princeton strengthens leadership team, Razer Fintech gets member of advisory board

Singapore-based Princeton Digital Group has appointed four senior executives to strengthen its leadership team, while Razer Fintech has appointed Koh Boon Hwee as a member of Razer Fintech’s Advisory Board.

Princeton Digital Group strengthens leadership team

Warburg Pincus-backed internet infrastructure developer Princeton Digital Group (PDG) on Thursday has announced the appointment of four senior executives to strengthen its senior leadership team in key markets in Asia Pacific.

The expanded leadership team, with operating experience in the global telecom and internet infrastructure sectors, will chart the next stage of PDG’s growth in Asia.  The executives will be based in Singapore, China, Indonesia, and India, the company said in a statement.

Wee Gee Ong has been appointed Chief Financial Officer (CFO) and will be based in Singapore. In China, Yanfei Zhao has joined PDG as vice president of engineering from Chinese internet company Baidu, wherein he served as the general manager of engineering, planning and construction.

In Indonesia, PDG has got on board Stephanus Tumbelaka as managing director. And in India, Vipin Shirsat has joined from ST Telemedia  Global  Data  Centers.

“We are rapidly delivering against our vision of building a pan-Asian multibillion-dollar digital infrastructure portfolio,” said Rangu Salgame, Chairman and CEO, PDG.

PDG was founded in 2018 in partnership with Warburg Pincus. Over the past one year, PDG has built a significant presence across Asia and is the only company that owns data centers in China, Singapore, and Indonesia – three of the world’s fastest-growing digital economies.

In China, PDG currently operates three data centers through a joint venture and is developing four more data centers in key locations across the country.

In Singapore, PDG acquired a data center from IO Data Centers, while in Indonesia PDG operates five data centers through a majority-owned joint venture with XL Axiata, the country’s second-largest telecommunications company.

Razer Fintech appoints member of advisory board

Razer Fintech, the financial technology arm of Razer Inc, has appointed Koh Boon Hwee as a member of Razer Fintech’s advisory board, according to a statement.

Before joining Razer, Koh was the chairman of DBS Bank. He has also served as the chairman of blue-chip corporates such as Singapore Telecommunications Limited and Singapore Airlines Limited, and is was the chairman of global technology companies, Agilent Technology Inc., AAC Technologies Holdings Inc. and Sunningdale Tech Ltd.

Koh, who is currently the chairman of Credence Capital, a private equity fund focused on investing in SMEs in Southeast Asia, has previously served on the board of Temasek Holdings (Private) Limited.

Established in April 2018, Razer Fintech has grown to become one of the largest O2O (offline-to-online) digital payment networks in Southeast Asia and has processed over billions of dollars in total payment value.

Razer Fintech currently operates two verticals, Razer Merchant Services and Razer Pay. Recently, it has appointed Lim Siong Guan as its advisory board member.