Singapore’s Xen Technologies, a financial technology startup, has hired Kenneth Yeo as chief investment officer, a newly created role in which he will oversee the company’s alternative or non-mainstream investments.
He comes to Xen Technologies from Azalea Asset Management, the private equity unit of Singapore’s state owned-investment firm Temasek Holdings, where he was a senior director.
The appointment was effective January 6.
Mr. Yeo will oversee Xen Technologies’ alternatives portfolio, including their strategic investment plans and asset allocations, the company says in a statement on January 10.
“Kenneth joins at a time of significant growth for Xen’s business. We are taking our business to the next level with a strong focus on expanding access to exclusive investment opportunities and bringing together a new community of alternative investors,” Katrina Cokeng, the company’s co-founder and chief executive officer, says in the statement.
Xen Technologies, which was established in 2018, provides institutional investors with access to alternative assets such as hedge funds, private equity funds, commodity funds and real estate funds.
The company has US$80 million of assets under management currently.