Categories: Wire Stories

Abu Dhabi Based LuLu Financial Holdings Appoints Former ADGM FSRA CEO Richard Teng to Its Board of Directors

ABU DHABI, United Arab Emirates–(BUSINESS WIRE)–UAE-based LuLu Financial Holdings � a holding company with investments in financial services and products spanning the GCC, Indian sub-continent, and APAC regions, has announced the appointment of Richard Teng, former CEO of Financial Services Regulatory Authority at Abu Dhabi Global Market (ADGM), as an Independent Director to its Board.


The high-profile appointment of Mr. Richard Teng, who is credited with playing a significant role in putting Abu Dhabi on the global fintech & fin-services map, coincides with LuLu Financial Holding’s ongoing global diversification AND investment strategy in the financial services sector.

Mr. Richard Teng has served as the Director of Corporate Finance with Monetary Authority of Singapore and as Chief Regulatory Officer of Singapore Exchange. At ADGM, he helped develop innovative regulatory regimes and offerings to bridge gaps in the ecosystem, while reimagining the future of financial services and attracting new market participants.

Welcoming the appointment, Mr. Adeeb Ahamed, Managing Director, LuLu Financial Holdings, said, “Mr. Richard Teng is a pioneer in the global financial services sector, having contributed immensely to the development of modern value-led technologies in varying geographies. As an industry leader, he has shaped several key initiatives on matters related to fintech, financial regulations, and governance. His experience will be an asset in our journey to design reliable, seamless and accessible financial solutions built on technology and collaborative partnerships.”

Speaking on his appointment, Mr. Richard Teng said, “It is a privilege to join the Board of Lulu Financial Holdings that has seen exponential growth under the inspirational leadership of Mr. Adeeb Ahamed. I look forward to supporting the Holding company in expanding its global footprint, with the introduction of more financial services products and services that meet the demands of the evolving market needs in the new digital economy.”

LuLu Financial Holdings has strategic investments in 11 countries across the world and some of its major investments including LuLu Capital in the UAE, Pearl Data Direct in the UAE & India, LuLu Forex and LuLu Financial Services NBFC in India, LuLu Exchange Company LLC in Oman, LuLu Money in Philippines, LuLu Financial Services Limited in Hong Kong, NS Cashpoint SDN BHD in Malaysia and Mass Express PTE in Singapore.

*Source: AETOSWire

Contacts

Mr. Ajit Johnson
+971-50-6623786

ajit.johnson@lulufin.com

Alex

Recent Posts

Reality TV Star, Mollie Pearce, Backs Campaign to Tackle Inequalities in Condition That Impacts Millions of People Globally

Mollie Pearce, star of the UK reality TV show ‘The Traitors’ who was diagnosed with…

8 hours ago

Quality Building Award 2024 Unveils Finalist List

QBA 2024 Announces 35 Finalists Competing for Hong Kong's Highest Honour in the Building Industry…

2 days ago

UXLINK Tops RootData’s Latest X Hot Items List and DappRadar Social Apps List

SINGAPORE - Media OutReach Newswire - 17 May 2024 - UXLINK, the Web3 social platform…

2 days ago

Australia Construction Industry Report 2024: Growth to Slow to 2% in Real-terms this Year Following 9% Growth in 2023 – Forecasts to 2028 – ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Australia Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast to…

2 days ago

Connecting the Dots of ANKTIVA’s Triangle Offense: A Deep Dive with Dr. Patrick Soon-Shiong and Dr. Ashish Kamat in a Three-Part UroToday Podcast

Three-part podcast interview features The mechanism of action of ANKTIVA® activating NK cells, Killer T…

2 days ago

Wipro Appoints Sanjeev Jain as Chief Operating Officer

EAST BRUNSWICK, N.J. & BENGALURU, India--(BUSINESS WIRE)--$WIPRO #AIprinciples--Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO),…

2 days ago