Singapore-based phone operator SingTel has hired several people for its corporate venturing unit.
Tam Hock Chuan has joined as a managing director of investments at SingTel Innov8, a $150m fund set up last summer, from the International Finance Corporation (IFC), the private investment arm of the World Bank.
Before the IFC, he had worked at Singapore state-backed Temasek Group and venture capital firm Vertex Management based in the US’s Silicon Valley. Hock Chuan joins the other managing director of investments, Edgar Hardless (previously vice-president of strategic investments at SingTel), reporting to Yvonne Kwek (pictured), chief executive of SingTel Innov8.
Jeffrey Karras, a partner with VC peer Levensohn Venture Partners, has joined SingTel Innov8 to help with US deals as a venture adviser along with William Bao Bean.