RF Fund Management Adds Ex-United Overseas Bank (UOB) Managing Director and Head, Global Financial Institutions Group to Advisory Board
RF Fund Management (RFFM) has announced the appointment of distinguished Advisory Board member: Bill Chua, PBM, BBM, the former Managing Director and Head, Global Financial Institutions Group of the United Overseas Bank (UOB).
The RFFM Advisory Board is chaired by its parent company RF International Holdings (RFIH) co-Founder and Group CEO (Eric) Neo Say Wei and is part of the firm’s investment process, RFFM reported in a press release.
Distinguished Advisory Board members provide industry expertise to ensure RFFM remains on the cutting edge of Asset Management, Private Equity and Wealth Management in the Digital Economy for both investors and investees, says the firm. RFIH Co-founder and Group CEO, Eric, referred to Bill Chua as “an RFFM all-star who we are very fortunate to have on our Advisory Board team.”
Vincent Lin, Chairman, RFIH, said: “Bill has extensive experience as a board member for 20 years at local and international companies in diverse industries. He has also successfully combined public service in Singapore and was awarded the Public Service Medal (PBM) and the Public Service Star (BBM) in 2004 and 2012 respectively by the Government of Singapore. He studied under a Colombo Plan scholarship in both economics and engineering at the University of Newcastle, Australia. We believe his academic disciplines, his many years in senior management in the financial services sector, plus his board experiences will be invaluable to RFFM.”
Following success of RFFM securing the Monetary Authority of Singapore (MAS) Registered Fund Management Company (RFMC) on 3rd February 2020, RFFM further pursued the following:
- Awarded by the Accounting and Corporate Regulatory Authority (ACRA) on 26th May 2020 Singapore’s 59th Variable Capital Company (VCC) incorporation for its umbrella Fund - RF Transformation Fund VCC, domiciled in Singapore;
- The Digital Economy focused RFFM launched its inaugural USD50 million Private Equity Fund - Digital Transformation Fund, on 30th May 2020 with consideration of now increasing its Fund size; and
- Awarded MAS Tax Exemption Scheme for Resident Funds on 4th August 2020.
Chua, age 67, a distinguished finance professional has been managing businesses at United Overseas Bank, Overseas Union Bank and Citibank. He is currently an independent director on the boards of Citibank Singapore Limited, Sunseap Group Pte Ltd, United Hampshire US REIT Singapore Pte Ltd, IES-INCA Pte Ltd, Boardroom Executive Services Limited, and Green Sands Equity Inc.. He is also on the Investment Committees of SAFRA National Service Association and the Singapore University of Technology and Design.
When asked about his new Advisory Board member at RFFM, Chua said he was exciting, noting: “I look forward to helping RFFM build its Asset Management, Private Equity and Wealth Management services in the Digital Economy at a time when Singapore, a leading global financial centre in Asia, is evolving in an unprecedented manner to capitalize on the changes. I see great opportunity for RFFM to develop their businesses in response to this transforming landscape for the investors and investees. I am delighted to be able to provide my perspective to RFFM as a member of their Advisory Board.”
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