Digital Innovation Committee

Digital Innovation Committee


The Digital Innovation Committee (DIC) advocates and promotes the adoption of digital technology and innovation within the asset management industry. One of the key programmes that DIC undertakes is the Digital Accelerator Programme (DAP), a platform which provides technology firms an opportunity to be mentored and rapidly commercialise their business ventures by working closely with leading fund houses and gain great exposure across the asset management industry.


To pave the way forward for industry-wide digitalisation, the Committee seeks to forge partnerships with global key fintech centres to foster cross border collaborations; create a one-stop platform and digital ecosystem for fintechs and corporates to interact; showcase and identify technology solutions; and introduce curated digital skills training programmes to upskill the workforce.

 



Chairman
David Ng
David Ng

David is the Chairman of Digital Innovation Committee. David was previously the Deputy CEO of CSOP, and prior was also the Group Chief Operating Officer of CSOP Asset Management Limited. In that role, he oversaw Trading, Risk Management, Operations, Technology and ETF Strategy for the firm. He was responsible for designing and driving the infrastructure strategy of CSOP to support its business growth and led digital transformation initiatives for CSOP.

Prior to joining CSOP in 2017, David was the Head of Business Controls and Management for South East Asia at Bank of America Merrill Lynch, responsible for the governance and business management of the Global Banking and Markets Businesses in the region. David is also part of the local management committees of Merrill Lynch Singapore, Bank of America Singapore Branch and Bank of America Securities Limited.

David holds a Master of Business Administration from the University of Chicago – Booth School of Business and a Master of Applied Commerce(Accounting) and a Bachelor of Computer Science from the University of Melbourne.

Member
Rishi Nanwani
Head of WealthTech for APAC, abrdn Asia Limited
Rishi Nanwani
Head of WealthTech for APAC, abrdn Asia Limited

Rishi Nanwani is the Head of WealthTech for APAC at abrdn. Based in Singapore, he is focused on growing abrdn’s digital strategy and ambitions in the region. Through a client-led model and our market leading position in the UK, we partner with our clients in the region and empower them with digital investment capability through our in-house and partner solutions.

Member
Eddy Kwong
Director, Head of Digital Marketing, Asia-Pacific, Allianz Global Investors
Eddy Kwong
Director, Head of Digital Marketing, Asia-Pacific, Allianz Global Investors

Eddy Kwong is Director, and Head of Digital Marketing for Asia Pacific at Allianz Global Investors, leading both global and regional digital initiatives across the APAC region. Starting in 2019, his role has been expanded to include AI transformation for sales/ distribution as well as digital wealth management. He has extensive experience in digital marketing, eCommerce, customer experience and CRM in the financial industry. Prior to joining Allianz Global Investors, he has held positions at Visa and Fidelity International, and been stationed in San Francisco, Singapore and now Hong Kong.

With his interest in bringing digital solutions for wider use, he actively drives the fintech agenda in the investment industry through initiatives such as the Digital Accelerator Programme in the APAC region. Eddy has also served as a mentor and judging panel member of the Global Fintech Hackcelerator Programme in the Singapore Fintech Festival.

Member
Marko Milek
APAC Head of Aladdin Engineering, BlackRock
Marko Milek
APAC Head of Aladdin Engineering, BlackRock

Marko is a managing director leading BlackRock Aladdin product group in Asia Pacific. Based in Singapore, he is responsible for developing talent, technology, platform and services in the region.

He believes end-to-end investment management and operations platforms are key to institutional investors since analytics and data-driven decision making will continue to improve investment outcomes.

Marko has significant experience in academia, technology and financial services – in areas including software development, data and analytics, research, product and project management, business development and general management. He held various technical, business and management roles in the United States, Canada, Finland, Hong Kong and Singapore over the past 20 years.

He earned multiple degrees in physics and computer science from California Institute of Technology in the United States, McGill University in Canada and University of Zagreb in Croatia.

David Ng

David is the Chairman of Digital Innovation Committee. David was previously the Deputy CEO of CSOP, and prior was also the Group Chief Operating Officer of CSOP Asset Management Limited. In that role, he oversaw Trading, Risk Management, Operations, Technology and ETF Strategy for the firm. He was responsible for designing and driving the infrastructure strategy of CSOP to support its business growth and led digital transformation initiatives for CSOP.

Prior to joining CSOP in 2017, David was the Head of Business Controls and Management for South East Asia at Bank of America Merrill Lynch, responsible for the governance and business management of the Global Banking and Markets Businesses in the region. David is also part of the local management committees of Merrill Lynch Singapore, Bank of America Singapore Branch and Bank of America Securities Limited.

David holds a Master of Business Administration from the University of Chicago – Booth School of Business and a Master of Applied Commerce(Accounting) and a Bachelor of Computer Science from the University of Melbourne.

Rishi Nanwani
Head of WealthTech for APAC, abrdn Asia Limited

Rishi Nanwani is the Head of WealthTech for APAC at abrdn. Based in Singapore, he is focused on growing abrdn’s digital strategy and ambitions in the region. Through a client-led model and our market leading position in the UK, we partner with our clients in the region and empower them with digital investment capability through our in-house and partner solutions.

Eddy Kwong
Director, Head of Digital Marketing, Asia-Pacific, Allianz Global Investors

Eddy Kwong is Director, and Head of Digital Marketing for Asia Pacific at Allianz Global Investors, leading both global and regional digital initiatives across the APAC region. Starting in 2019, his role has been expanded to include AI transformation for sales/ distribution as well as digital wealth management. He has extensive experience in digital marketing, eCommerce, customer experience and CRM in the financial industry. Prior to joining Allianz Global Investors, he has held positions at Visa and Fidelity International, and been stationed in San Francisco, Singapore and now Hong Kong.

With his interest in bringing digital solutions for wider use, he actively drives the fintech agenda in the investment industry through initiatives such as the Digital Accelerator Programme in the APAC region. Eddy has also served as a mentor and judging panel member of the Global Fintech Hackcelerator Programme in the Singapore Fintech Festival.

Marko Milek
APAC Head of Aladdin Engineering, BlackRock

Marko is a managing director leading BlackRock Aladdin product group in Asia Pacific. Based in Singapore, he is responsible for developing talent, technology, platform and services in the region.

He believes end-to-end investment management and operations platforms are key to institutional investors since analytics and data-driven decision making will continue to improve investment outcomes.

Marko has significant experience in academia, technology and financial services – in areas including software development, data and analytics, research, product and project management, business development and general management. He held various technical, business and management roles in the United States, Canada, Finland, Hong Kong and Singapore over the past 20 years.

He earned multiple degrees in physics and computer science from California Institute of Technology in the United States, McGill University in Canada and University of Zagreb in Croatia.

Member
Christina Fernandes
Chief Operating Officer Singapore, Chief Analytics Officer & Control Officer Asia Pacific, DWS Investment GmbH
Christina Fernandes
Chief Operating Officer Singapore, Chief Analytics Officer & Control Officer Asia Pacific, DWS Investment GmbH

Christina joined DWS (Deutsche Bank’s asset management business) in 2013 as part of the asset and wealth management COO office. As COO for Singapore and Regional Control Officer for APAC, she is responsible for the Singapore asset management operations and leads efficiency, cost and governance of the region’s operational platform while enabling business to convert opportunities for growth and expansion. She has over 15 years of experience across financial services and previously led the set up of ICICI’s advisory and fund management desk in New York.

Christina sits on the Digital Innovation Committee. She in an Economics graduate and holds an MBA from XLRI.

Member
John Fahey
Programme Manager, Fidelity International
John Fahey
Programme Manager, Fidelity International

John Fahey is a Programme Manager with Fidelity International, with experience spanning many industries & roles. Having joined Fidelity Investments in Ireland during 2012, he was previously focused on rolling out agile practices across teams (holding multiple agile certifications), as well as leading delivery teams. Following his move to Fidelity International in 2017, he initially lead the accelerator engagement in Hong Kong, while continuing to lead delivery and programme management of business initiatives. Moving to Singapore in 2019, he continued to lead Fintech engagements, which includes the IMAS Digital Accelerator programme, and is a member of the IMAS Digital Innovation Committee.

Holding a Bachelor of Science in Computer Systems from the University of Limerick, he has extensive work experience across many countries & regions, having been based in Ireland, Mainland China, Hong Kong and Singapore throughout his career.

Member
Chetan Karkhanis
Senior Vice President of Digital Strategy and Wealth Management Group, APAC, Franklin Templeton
Chetan Karkhanis
Senior Vice President of Digital Strategy and Wealth Management Group, APAC, Franklin Templeton

Chetan Karkhanis is a Senior Vice President in the Digital Strategy & Wealth Management group, covering the Asia Pacific Region. Based in Singapore, he is focused on leading digital and tech-enabled solutions for FT’s clients in the region, as well as strategic investments and incubation programs in innovative FinTechs.

Prior to this role, he led product management for various global equity platforms within Franklin Templeton, including the Templeton Global Equity Group, Franklin Global Growth, and Balanced Equity Management (Australia).

Previously, Mr. Karkhanis led the Corporate Strategy function at Franklin Templeton as part of the Financial Strategies group. Prior to joining Franklin Templeton in 2014, he was a Vice President at JPMorgan Asset Management in Strategy and Development, based in New York City. He entered the financial services industry in 1998.

Mr. Karkhanis holds a Bachelor of Arts (B.A.) degree in Economics, and a Master of Science (M.Sc) degree in Management Sciences and Engineering, both from Stanford University, California.

Member
Glien Tan
Chief Operating Officer, Public Equities, GIC Pte Ltd
Glien Tan
Chief Operating Officer, Public Equities, GIC Pte Ltd

Glien is responsible for the Equities Operating Model and provides oversight on business strategy and capability deployments.

In his previous roles, he covered asset classes across the public markets (FICC, Treasury, Trading) and ran the digital office and business analytics teams.

He holds a MBA from Chicago Booth and double degrees (Finance & Genetics) from the University of New South Wales.

Christina Fernandes
Chief Operating Officer Singapore, Chief Analytics Officer & Control Officer Asia Pacific, DWS Investment GmbH

Christina joined DWS (Deutsche Bank’s asset management business) in 2013 as part of the asset and wealth management COO office. As COO for Singapore and Regional Control Officer for APAC, she is responsible for the Singapore asset management operations and leads efficiency, cost and governance of the region’s operational platform while enabling business to convert opportunities for growth and expansion. She has over 15 years of experience across financial services and previously led the set up of ICICI’s advisory and fund management desk in New York.

Christina sits on the Digital Innovation Committee. She in an Economics graduate and holds an MBA from XLRI.

John Fahey
Programme Manager, Fidelity International

John Fahey is a Programme Manager with Fidelity International, with experience spanning many industries & roles. Having joined Fidelity Investments in Ireland during 2012, he was previously focused on rolling out agile practices across teams (holding multiple agile certifications), as well as leading delivery teams. Following his move to Fidelity International in 2017, he initially lead the accelerator engagement in Hong Kong, while continuing to lead delivery and programme management of business initiatives. Moving to Singapore in 2019, he continued to lead Fintech engagements, which includes the IMAS Digital Accelerator programme, and is a member of the IMAS Digital Innovation Committee.

Holding a Bachelor of Science in Computer Systems from the University of Limerick, he has extensive work experience across many countries & regions, having been based in Ireland, Mainland China, Hong Kong and Singapore throughout his career.

Chetan Karkhanis
Senior Vice President of Digital Strategy and Wealth Management Group, APAC, Franklin Templeton

Chetan Karkhanis is a Senior Vice President in the Digital Strategy & Wealth Management group, covering the Asia Pacific Region. Based in Singapore, he is focused on leading digital and tech-enabled solutions for FT’s clients in the region, as well as strategic investments and incubation programs in innovative FinTechs.

Prior to this role, he led product management for various global equity platforms within Franklin Templeton, including the Templeton Global Equity Group, Franklin Global Growth, and Balanced Equity Management (Australia).

Previously, Mr. Karkhanis led the Corporate Strategy function at Franklin Templeton as part of the Financial Strategies group. Prior to joining Franklin Templeton in 2014, he was a Vice President at JPMorgan Asset Management in Strategy and Development, based in New York City. He entered the financial services industry in 1998.

Mr. Karkhanis holds a Bachelor of Arts (B.A.) degree in Economics, and a Master of Science (M.Sc) degree in Management Sciences and Engineering, both from Stanford University, California.

Glien Tan
Chief Operating Officer, Public Equities, GIC Pte Ltd

Glien is responsible for the Equities Operating Model and provides oversight on business strategy and capability deployments.

In his previous roles, he covered asset classes across the public markets (FICC, Treasury, Trading) and ran the digital office and business analytics teams.

He holds a MBA from Chicago Booth and double degrees (Finance & Genetics) from the University of New South Wales.

Member
Paul Sidebottom
Chief Technology Officer, Schroders Asia Pacific
Paul Sidebottom
Chief Technology Officer, Schroders Asia Pacific

Paul is a client centric, technology executive with over 20 years of experience leading large-scale technology driven business transformation.

Paul is the CTO for Schroders, Asia Pacific. He is responsible for technology across the region, serving as board member for the Asset and Wealth Management businesses. Prior to relocating to Singapore from the United Kingdom, Paul was Head of Digital, Distribution and Marketing Technology within the UK business.

During his career, Paul has held a variety of leadership roles in several digitally native, high transaction volume eCommerce businesses in addition to spending around eight years working for Volkswagen Financial Services, the wholly owned retail finance credit business owned by Volkswagen GmbH.

Paul holds a BSc (Hons) in Information Systems with Management from De Montfort University, United Kingdom.

Member
Wijaya Elham
Chief Operating Officer, UOB Asset Management Limited
Wijaya Elham
Chief Operating Officer, UOB Asset Management Limited

As Chief Operating Officer, Wijaya is responsible for the overall functions of Middle Office and Governance, Digitalization and Data Management as well as the Operations of UOBAM. He joined UOBAM in August 2015 and has more than 20 years of extensive operational experience, principally in investment custody operations, fund accounting and new business consulting. Prior to joining UOBAM, he was Head of Operations with Northern Trust Company.

Wijaya was educated at Indiana University Kelley School of Business.

Paul Sidebottom
Chief Technology Officer, Schroders Asia Pacific

Paul is a client centric, technology executive with over 20 years of experience leading large-scale technology driven business transformation.

Paul is the CTO for Schroders, Asia Pacific. He is responsible for technology across the region, serving as board member for the Asset and Wealth Management businesses. Prior to relocating to Singapore from the United Kingdom, Paul was Head of Digital, Distribution and Marketing Technology within the UK business.

During his career, Paul has held a variety of leadership roles in several digitally native, high transaction volume eCommerce businesses in addition to spending around eight years working for Volkswagen Financial Services, the wholly owned retail finance credit business owned by Volkswagen GmbH.

Paul holds a BSc (Hons) in Information Systems with Management from De Montfort University, United Kingdom.

Wijaya Elham
Chief Operating Officer, UOB Asset Management Limited

As Chief Operating Officer, Wijaya is responsible for the overall functions of Middle Office and Governance, Digitalization and Data Management as well as the Operations of UOBAM. He joined UOBAM in August 2015 and has more than 20 years of extensive operational experience, principally in investment custody operations, fund accounting and new business consulting. Prior to joining UOBAM, he was Head of Operations with Northern Trust Company.

Wijaya was educated at Indiana University Kelley School of Business.

1. Digital Acceleration Programme (DAP)
Since 2019, together with the support of the DIC members, Digital Accelerator Programme (DAP) has seen more than 300 innovative solutions submitted in response to the many common challenges that the Investment Management Industry is faced with. Today, the outbreak of the Covid-19 pandemic worldwide has caused traditional ways of running businesses to be massively disrupted and many companies to accelerate their digitalisation strategy.

We have seen how corporates and asset managers have benefitted from this programme and if you would like to join as Acceleration Partners for the DAP, do visit our microsite or reach out to us at digital@imas.org.sg.

2. Fintech Jam series
Fintech Jam series is the newest platform that foster sustained regular interaction between tech firms and the buy-side firms in order to harness the power of technology to co-create and accelerate transformative change in the asset management industry in Asia. If you are interested to watch the Fintech Jam, do keep a lookout at this space.

Beside the 2 key initiatives, the Committee hosts discussions on technology issues via webinar such as how to better collaborate with fintechs while working towards a proof-of-concept; government digitalisation initiatives; and the various funding schemes available which allow financial institutions to continue building digital momentum to accelerate transformative change.
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