Zug-based cryptobank Seba has named a new head of its Asian operations, saying it is looking to leverage his experience in taking a financial technology company public to grow the bank in the region.
Seba a crypto-currency bank based in Switzerland, has appointed former Credit Suisse and Barclays investment banker Sam Lin (pictured below) as CEO Asia, the company said in a press release Wednesday.
Seba said the appointment was made to complement headcount growth in its Singapore and Hong Kong hubs and solidify its status as a regional leader in digital asset banking.
It added that Lin would bring with him expertise in investment banking as well as in the development and implementation of financial technology solutions.
The statement said Lin had over 15 years of experience in investment banking at Credit Suisse and Barclays. It added that he had been a chief financial officer at Nasdaq-listed fintech 9F Inc. which provides a platform for integrating and personalizing financial services across Southeast Asia to over 68 million users.
«Sam was instrumental in raising $300 million in pre-IPO funding for the company, successfully guiding the company through its public listing,» the statement said, adding that Seba intended to leverage his experience in taking financial technology company public to grow its presence and operations in the Asia-Pacific region.
In October last year, influential Singaporean Goh Jin Hian quietly left Seba's board after he was sued by the judicial managers of insolvent Singapore marine fuel and cargo trader Inter-Pacific Petroleum which sustained over $156 million in losses while he was a director. A winding up order for IPP was approved in April this year.
Goh is the son of former Singaporean prime minister Goh Chok Tong.
