iFAST Corporation | Our Management & Board

Our Management
Board of Directors

Our Management

Mr Lim Chung Chun

Mr Lim is the Chairman and CEO of iFAST Corp, a global digital bank and wealth management platform that combines Fintech solutions with the capabilities of a licenced financial institution to provide multi-product offerings. Mr Lim co-founded the Company with the launch of its B2C division Fundsupermart.com in Singapore in 2000, following which the B2B division iFAST Financial was launched in 2001. He subsequently led the Company’s regional expansion efforts, extending iFAST’s presence beyond Singapore to Hong Kong, Malaysia, China and United Kingdom, building a well-established Fintech ecosystem across the five markets. Mr Lim also led the Company to its successful listing on the SGX-ST Mainboard in December 2014. Before setting up iFAST Corp, Mr Lim was the Head of Research at ING Barings Securities Pte. Ltd. Mr Lim graduated with a Bachelor of Engineering (Electrical) from the National University of Singapore in 1991, and obtained a Diploma in Investment from the Institute of Banking and Finance in 1993.

Mr Wong Soon Shyan

Mr Wong is our Group Chief Operating Officer ("COO").

Mr Wong is responsible for the day-to-day management of our Group as the Group Chief Operating Officer. Prior to joining our Group, Mr Wong was with a well-known fund management company as a manager responsible for the marketing, product development, as well as sales administration and sales in respect of funds from 1994 to 2000. From 1989 to 1991, he worked briefly as an external auditor before joining a foreign bank as a credit analyst, and from 1992 to 1994, he worked as an accountant. Mr Wong graduated with a degree in Bachelor of Accountancy from the National University of Singapore in 1989.

Mr Lim Kian Thong Jimmy

Mr Lim is our Group Chief Financial Officer (“CFO”).

Mr Lim joined the Group as Deputy Chief Operating Officer in 2020. He has more than 30 years of accounting, financial, treasury and investment banking experience gained from working as top management and board members in various financial institutions and a manufacturing company. Prior to joining the Group, Mr Lim was the Chief Financial Officer (CFO) and Board Executive Director of PureCircle Limited. From 2005 to 2019, he served in several senior management roles including CEO and Board Executive Director at Haitong International Securities (Singapore) and SBI E2-Capital Asia Securities, CEO (Financial Investments) at Hua Hong Foundation Investment Holding (Singapore) and General Manager at DMG & Partners Securities. In these various management roles, he was responsible for managing the investment banking and stockbroking businesses, as well as initial public offerings and secondary placements. Mr Lim has a Bachelor of Accountancy degree from National University of Singapore and a Master of Business Administration (Banking & Finance) degree from Nanyang Technological University. He is also a Fellow, Chartered Accountant of Singapore and Fellow, CPA Australia.

Mr Eddie Pang Jian Jong

Mr Pang is our Group Chief Risk Officer (“CRO”).

Mr Pang joined the Group as Chief Risk Officer of Singapore in 2019. He was responsible for the Group’s risk management function in Singapore, and sat on the Board Risk Committee of iFAST Malaysia. Mr Pang brings to the Group more than 15 years of risk and control related experiences in the financial industry. Prior to joining the Group, he was Director, Global Banking and Markets, Operational Risk Oversight, at the Bank of Nova Scotia. From 2006 to 2015, he took on various regulatory and banking roles including Assistant Director of Banking Department at the Monetary Authority of Singapore, and Assistant Vice President of Strategic Process Change Management at Credit Suisse AG. He started his career in PricewaterhouseCoopers as an Auditor. Mr Pang graduated with a Bachelor of Accountancy from Nanyang Technological University in 2005.

Mr Wong Tin Niam Jean Paul

Mr Wong Tin Niam ("Mr Wong") is the Executive Director of Corporate Communications department, which looks after the Investor Relations function for iFAST Corp.

Mr Wong was part of the team working on the company’s IPO on the SGX-ST Mainboard in 2014. In his earlier years with the company, he was part of the Content team producing financial education and other investment-related content. Mr Wong has been with the company since 2004. He graduated with a degree of Bachelor of Social Sciences in Economics from the National University of Singapore in 2003. Wong Tin Niam Jean Paul is also part of the Senior Management team.

Ms Tang Soo Kia Cynthia

Ms Tang is the Managing Director of iFAST ePension Services.

Ms Tang currently leads ePension business development and oversees the running of the business operations of ePension business for the Group. Ms Tang has been with the iFAST Group since 2006, having joined iFAST Malaysia as an IT Specialist supporting the IT application development. She played an instrumental role in rolling out iFAST Hong Kong’s B2B platform since 2007, as well as the post-acquisition system migration of ING Platform Services in 2009. She was previously the Executive Director for iFAST Financial (HK) Limited, heading the Operations, IT applications, Infrastructure and Fintech Solutions teams and she had developed extensive and in-depth knowledge about system architecture, technologies and backend administration processing in regulatory environments. Before joining iFAST, Ms Tang was a software engineer with Symphony Xen Solutions Sdn Bhd and Motorola Malaysia. She holds a First-Class Honours degree from University of Malaya (Malaysia) in Computer Science.

Mr Dennis Tan Yik Kuan

Mr Tan is Managing Director of iFAST Malaysia Sdn Bhd.

With over 10 years of experience in the funds industry, oversees the Group’s business in Malaysia. Mr Tan joined the Group in 2002 as an IT Manager and was involved in the development of end-user portfolio and investment software tools and applications for B2B customers. In 2004, he took on the position of Business Development Manager responsible for the growth of the software division business. In 2006, Mr Tan was promoted to Managing Director of iFAST Service Centre Sdn Bhd and in 2008, he took on the role of Managing Director of iFAST Malaysia. Prior to joining the Group, he was a software engineer with a software house. Mr Tan is a Computer Science graduate from University Putra Malaysia and is a Certified Financial Planner.

Mr Bernard Teo Wee Howe

Mr Teo is the Legal Representative of iFAST China.

Mr Teo currently leads the Group’s business development in the China market and oversees the running of the business operations of iFAST Financial China Limited (“iFAST China”, formerly known as iFAST Financial Limited). Mr Teo was the General Manager of iFAST China from 2014 to 2016. He is currently the Legal Representative of iFAST China, a role he took on from 2016. He was also a member of the Fund Distribution Specialised Committee of Shenzhen Asset Management Association (深圳投资基金同业公会基金销售专业委员会委员) from 2017 to 2020. Mr Teo has more than 10 years of operational experience in the funds distribution space, and he was previously the Regional Head of Operations & Settlements at iFAST Financial Pte Ltd, overseeing the Group’s operations and settlements teams across Singapore, Hong Kong, Malaysia and India. Mr Teo holds a degree in Bachelor of Business (Economics and Finance) with Distinction from Royal Melbourne Institution of Technology and a Diploma in Banking and Finance from Nanyang Polytechnic.

Mr Mujahid Malik

Mr Malik is the CEO of iFAST Global Bank, member of the Board and Chairman of Executive Committee, and holds regulatory approval from the PRA and FCA for SMF1 & SMF3.

He is a fellow of the Institute of Chartered Accountant in England & Wales and has worked in banking and financial services for over 25 years. He joined the Bank as Chief Financial Officer (CFO) and played a critical role in getting the banking licence in 2017. From 2020, as Acting CEO, he was responsible for ensuring completion of the sale of Bank and after acquisition by iFAST Corp, was appointed as CEO in March 2022. He has held executive management positions at several global financial institutions including Dexia Bank, where he was responsible for the strategic alignment of the UK bank to meet the group’s objectives after the financial crises of 2008. Before that, he spent over ten years in the Banking and Capital Markets team at Deloitte, London and has extensive expertise in leading business turnarounds, expansion programmes and management of banking operations.

Board of Directors

Mr Lim Chung Chun

Mr Mark Rudolph Duncan

Mr Duncan is the Lead Independent Director of the Company, appointed on 1 January 2023. Mr Duncan was first appointed to our Board as an Independent Director on 1 January 2021, and reappointed to the Board on 23 April 2021.

Mr Duncan is currently the CEO of Typhoon Wealth Limited, a financial services advisory company focused on technology implementation in banking and wealth management. He is based in Singapore. He was the Global Head of Equity for the Macquarie Group from 2012 to 2017, and also the Chief Executive of Macquarie Bank’s Hong Kong bank branch during this period. Prior roles included Head of Asian Equity for Macquarie Group, and Country Equity Head roles in Taiwan, South Korea, Singapore and Malaysia with Macquarie and ING Barings. He has broad experience across Asian capital markets, wealth management, regulatory compliance, technology and operations. Mr Duncan graduated from the Ecole Superieure de Commerce Marseille and Middlesex University with a BA (Honours) degree in European Business Management in 1993.

Dr Chen Peng

Dr Chen is an Independent Director of our Company and was appointed to our Board on 1 January 2023.

Dr Chen currently serves as director on the board of NTUC INCOME Insurance (Singapore) and Fullerton Fund Management (Singapore). Dr Chen was the founding CEO of Dimensional Fund Advisors (Asia Ex-Japan) from 2012-2020. Before joining Dimensional, Dr Chen served as President of Morningstar’s global investment management division, which consists of Morningstar’s investment consulting, retirement advice, and investment management operations in North America, Europe, Asia, and Australia, with approximately $190 billion in assets under advisement or management. In 2007, Dr Chen was selected to the Chicago Crain’s Business “40 under 40s”. He was also named to the Investment Advisor list of the “25 Most Influential Individuals” in 2008 and won the Financial Analysts Journal’s prestigious Graham and Dodd Scroll Award three times — in 2011, 2007, and 2003. In addition, Dr Chen also won the Retirement Income Industry Association’s 2012 Academic Thought Leadership Award. He is co-inventor of two U.S Patents. Dr Chen holds a PhD and MS in consumer economics from Ohio State University.

Ms Caecilia Chu Wing Tak

Ms Chu is an Independent Director and was appointed to our Board on 1 May 2022.

She is the Co-Founder and CEO of YouTrip, a regional financial technology company dedicated to creating a next-generation digital banking experience in Southeast Asia. Prior to founding YouTrip, Ms Chu worked at Citigroup overseeing growth investments in the technology and consumer sectors. Additionally, Ms Chu worked at McKinsey & Company, advising financial institutions across Asia on product and growth strategies. She graduated with a Master Degree in Business Administration from the Harvard Business School and a Bachelor of Science in Economics from The Wharton School of the University of Pennsylvania.

Tham Soh Mui Tammie

Ms Tham is an Independent Director of our Company and was appointed to our Board on 1 January 2023.

Ms Tham is the Group CEO of Ensign Infosecurity Pte Ltd. Headquartered in Singapore,Ensign is the largest pure-play cyber security service provider in Asia. Prior to Ensign, she founded Accel Systems & Technologies, a company that specialised in cyber security systems integration. In 2017, StarHub Ltd acquired Accel and subsequently folded into Ensign. Ms Tham has been serving on the Board of the Singapore Institute of Technology and Mediacorp Pte Ltd. She is a member of the Data Protection Advisory Committee and the Charity Council. She also serves as an Advisor to the Association of Information Security Professionals, and co-chairs the Cyber Security Agency’s Cyber Security Awareness Alliance which aims to enhance awareness, and promote adoption of essential cybersecurity practices.

Mr David Toh Teng Peow

Mr Toh is an Independent Director and was appointed to our Board on 18 April 2018. He was reappointed to the Board on 23 April 2021.

Mr Toh is the Director and Chief Executive Officer of NTUitive, a wholly-owned subsidiary of the Nanyang Technological University responsible for commercialising the university’s scientific research and incubating startups. Prior to his current role at NTUitive, Mr Toh spent 11 years working in investment banks such as ING Barings and Lehman Brothers where he was a top-rated Asia Pacific technology sector analyst. In that capacity, he also advised listed and private technology companies on corporate strategy and fund raising. After leaving investment banking, he worked as a fund manager at DBS Asset Management before setting up his own Asia Pacific-focused absolute return equity fund. Mr Toh is a keen advocate of technology startups and has been an active angel investor since the late 1990s. Mr Toh also sits on the Singapore Stock Exchange Listings Advisory Committee where he provides opinions on technology companies seeking IPOs. He graduated with concurrent degrees in B.Sc. Materials Science & Engineering and a B.A. in Government and Asian Studies from Cornell University in 1991.

Ms Janice Wu Sung Sung

Ms Wu is a Non-Executive Non-Independent Director of our Company and was appointed to the Board on 18 April 2018. She was reappointed to the Board on 23 April 2021.

Ms Wu is Executive Vice-President of Corporate Development at Cuscaden Peak Investments Pte. Ltd. She leads its M&A and Investments teams in mergers and acquisitions, capital re-cycling and portfolio management, and oversees its sustainability initiatives. She also sits on the boards of Cuscaden’s joint ventures including MobileOne Ltd., Memphis 1 Pte. Ltd., Prime US REIT Management Pte. Ltd. (the Manager of SGXlisted Prime US REIT), Woodleigh Mall Pte. Ltd. and Woodleigh Residences Pte. Ltd. She is also a Director of Thakral Corporation Ltd., a company listed on the SGX and MSI Global Private Limited, a wholly-owned subsidiary of the Land Transport Authority. Ms Wu holds a Bachelor of Laws (Honours) degree from the National University of Singapore and was admitted as an advocate and solicitor of the Supreme Court of Singapore. She has attended the Executive Development Program at Kellogg School of Management, the Business Sustainability Management Program by University of Cambridge’s Centre for Sustainability Leadership and the Advanced Management Program at Wharton Business School.

Mr Lim Wee Kian

Mr Lim is a Non-Executive Non-Independent Director of our Company and was appointed to the Board on 28 April 2004. He was reappointed to the Board on 27 April 2020.

Mr Lim is the CEO at DBS Digital Exchange (DDEX), a subsidiary of DBS Bank. He was previously the Regional Head of Foreign Exchange, DBS Bank, and he has been with the bank since August 2004. Prior to joining DBS Bank, he was with various investment banks and was a member of the teams engaged in the trading of foreign exchange and interest rate products.