iFast Corporation has appointed Vincent Tong as CEO for its Singapore subsidiary iFast Financial, effective March 3.
According to a bourse filing, the group’s CEO and chairman Lim Chung Chun had been concurrently serving as CEO of iFast Financial, and will now relinquish his role to Tong as the group “continues to expand and scale its operations”.
Lim will oversee the group’s growth across global markets.
Tong has been with iFast Financial since 2007 and served in several divisions, including its B2B division, since 2022. The group’s B2B business caters to 760 financial advisory companies, financial institutions, banks and internet companies, with over 13,500 wealth advisors.
Shares in iFast closed 8 cents lower, or 0.93% down, at $8.52 on March 3.
