“As we will no longer be investing to scale GrabInvest, we have concluded that the business will not be commercially viable in the long run,” a Grab spokesperson tells CNA.
(Adds details from fifth paragraph)
SINGAPORE, Feb 9 (Reuters) - Chandrima Das, the head of wealth management at ride-hailing and food delivery firm Grab, which is making a big push into financial services, is leaving the Southeast Asian company, sources familiar with the matter told Reuters on Tuesday.
The sources, who declined who declined to be identified as they were not authorised to speak to the media, also said that Huey Tyng, the head of Grab’s payments business, is stepping down from her role.
A spokesman at Grab confirmed that Das will be leaving Grab Financial Group (GFG) for personal reasons, while Tyng will take on an advisory role at GFG and leave her current position.
streetAsia s premium subscription service Unlock your competitive advantage in a rapidly evolving landscape. Our packages come with exclusive access to archive content, data, discount on summit tickets & more. Be a part of our growing community now. SUBSCRIBE NOW
Singapore Reporter/s
In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digi