Singapore-based crowdfunding platform CoAssets announced it has appointed Tommy Teo as its new Chief Financial Officer. He takes over the position from Nick Bishop who stepped down as CFO after the company’s successful Australian listing. He will continue to assist with operations in the platform’s Australia office.
Teo brings a strong set of financial experiences to which includes his role as Global Commodities Finance at Oversea-Chinese Banking Corporation (OCBC), Commodity Portfolio Management at ABN AMRO Bank, Treasury Accounting at Cargill Asia Pacific Treasury Limited and Financial Services at KPMG Singapore. He will spearhead CoAssets’ operations in the next phase of growth, which includes expansion of investment offerings and plans to launch a regional debt fund.
Additionally, his proficiency with a range of financial instruments from commodities to treasury, as well as his knowledge in risk management and audit within the region would be an asset to the leadership team and its strategy going forward.
Teo is a Certified Practicing Accountant (CPA Australia). He also holds a Masters of Business Administration from IE Business School (Singapore Management University) and a Bachelor of Business (Accountancy) from Royal Melbourne Institute of Technology, where he received the ACCA Award for Academic Excellence and topped the school in Accounting and Law in Financial Planning.
CEO and Co-Founder of CoAssets, Getty Goh stated,
We are extremely pleased to welcome Tommy Teo to our management team. His skills, qualifications and experience will be invaluable as we continue to grow our business as an ASX listed company.
Last week, CoAssets announced it had signed an agreement with Valiant Finance, an emerging Australian online broking platform for small businesses. CoAssets, according to the agreement, will be a lending partner on the Valiant platform, and will facilitate funding of loans of A$75,000 up to A$2m through its portal.
Founded in 2013, CoAssets, is one of South-east Asia’s largest crowdfunding platforms. It mainly specialises in debt crowdfunding for real estate and for small and medium-sized enterprises (SMEs), in S$100,000 to S$5 million funding range.