Gaming company Razer appoints new CIO, CFO

GAMING lifestyle brand Razer has named Edwin Chan as its Chief Investment Officer, with his deputy Tan Chong Neng succeeding him as Chief Financial Officer of the company.

The changes were effective from Jan 1, 2020. 

Edwin is an executive director of the company and served as the CFO from June 2013 to Dec 31, 2019.

As per a company statement, his new focus will be managing the company's investment portfolios. This will involve developing both short-term and long-term investment strategies including corporate finance and treasury investments, venture capital investments, and M&As.

On the other hand, Tan served as senior Vice-president and corporate controller of the company from Nov 2017 to Dec 2019. He is a finance veteran with more than 20 years of experience and was the group CFO of Tri-Star Group before joining Razer in 2017. His previous stints include being the CFO and chief operating officer of Stanley Security Solutions in the Asia-Pacific.

The appointments come at the same time as the gaming company announced that its fintech arm is applying for a digital full-bank license together with a consortium, which includes supermarket operator Sheng Siong Holdings. Others include billionaire Richard Li’s insurance company FWD Group, internet entrepreneur Chen Danian’s tech company LinkSure Global Holdings, Insignia Ventures Partners; and Carro, an online car marketplace.

In this direction, the gaming company founded in 2005 and dual-headquartered in Irvine, California and Singapore joins the list of companies hoping to create virtual lenders in the city-state as it opens up its banking industry to technology companies.