Singapore-headquartered fashion e-commerce startup Zilingo has appointed Billy Naveed as its head of strategy.
In a Linkedin post, Naveed announced he will be assisting the CEO with special projects. He will also be running a new division called Zilingo Labs, which aims to create disruptive businesses in the fashion industry.
“There has been so much change in the fashion industry in the last 10 years,” wrote Naveed. “Those companies with fast, efficient supply chains, that listen to their customers and can adapt to changing trends are rapidly gaining share. At Labs, we are trying to predict the future of our industry. Thinking about how influencers, consumer, manufacturers, textile makers and providers of software, financial services and entertainment all intersect in the future.”
Naveed joins Zilingo after nearly 17 years in hedge fund sales at Credit Suisse and Morgan Stanley. He was most recently the co-head of hedge fund sales and equities digitisation lead at Credit Suisse in Hong Kong.
In that role, Naveed advised Asian hedge funds on public equity investments across the Asia Pacific. He also worked with Asia’s growing startups to connect them to public and private investors and offer strategic advice.
Beyond investment banking, Naveed also spent a number of years in the venture capital/startup ecosystem.
In 2016, Naveed founded the Young Founders School, an Asian startup bootcamp for high school students. The school has programmes in Hong Kong, Shenzhen, Singapore and Bangladesh, and aims to change the way entrepreneurial education is taught by using edtech tools to maximise learning outcomes.
Naveed explained that Zilingo’s social ambition resonated with him, as well as the mission that Young Founders School has been tackling.
“There are 75 million people who work in the garment industry, most of them women. If we can help them improve efficiency and drive margins we can impact these lives at scale. By improving the supply chain we can reduce waste. By directing business to those players that treat their workers, with dignity and respect we can help catalyse change,” wrote Naveed.
Since 2015, Naveed has also been an advisor to NEST.vc, Hong Kong’s largest tech accelerator.