If the last two years have taught us anything, it’s the importance of stringent financial control. Fintechs have, for too long, focused on runaway growth and securing customer acquisition at the expense of solid fundamentals.
That’s why a top CFO is still a much-needed commodity – and the CFOs on this list are some of the best in the fintech and finance space anywhere in the Asia Pacific region. Here’s our list of the Top 10 CFOs in Asia Pacific.
10. Abhi Sharma
Abhi Sharma is CFO at Coda Payments – a Singapore-based provider of secure cross-border monetisation solutions for digital products and services that, on its last funding round in April 2022, secured a US$2bn valuation. Before becoming CFO, Sharma was Coda’s VP of Strategic Finance. He previously spent almost eight years working at venture capital firms like Arma Partners and Capital Investment Partners, and was also an Associate at Credit Suisse for three years. Now based in Singapore, he holds a Bachelor’s in Economics from Pomona College in California as well as an MBA from Harvard Business School.
9. Joanne Chan
Joanne Chan is CFO for Asia Pacific at Barclays Investment Bank, a role she has held for three-and-a-half years. It is not her first position at the group, though; Chan was previously a Finance Director and a Vice President, first joining the company back in 2006. Based in Singapore, she was also previously a Financial Controller at Goldman Sachs in Japan and an associate at Morgan Stanley in London. She was trained at the London School of Economics and the Chartered Institute of Management Accountants.
8. Arpit Chug
Arpit Chug became Razorpay’s first ever CFO when he was appointed in 2019. It marked a period of significant growth for the Bengaluru-based fintech, which, just two years after his appointment, announced a Series F round that valued the business at US$7.5bn. A graduate of the Indian Institute of Management in Ahmedabad, Chug previously had a sizeable stint as CFO for India at American Express, as well as a brief spell as an Investment Banking Associate at investment group CLSA.
Vicky Worster is Asia Pacific CFO at Morgan Stanley – a role she has held since April 2021. A vastly experienced leader, she has spent more than 25 years of her career with Morgan Stanley – mainly in legal, advisory and policy, and treasury roles. Before first joining the firm in 1998, she was also an Audit Manager for Financial Services at Deloitte. Now based in Hong Kong, she studied at Aiglon College in Switzerland before gaining a Master’s in Natural Science from the University of Cambridge.
6. Sohil Tiwari
Sohil Tiwari is CFO for Asia Pacific at Mastercard. Since first joining the card issuer in 2013, he has taken on various finance roles with increasing responsibilities as the finance lead for US Market Development and then as CFO for Mastercard Canada. Prior to his current role in Asia Pacific, Sohil led the Market Development business in Canada. With a career spanning over two decades, his diversity of experience in the payments industry and his strong business and financial acumen have, in the words of his employer, “helped drive robust business growth with healthy margins”.
5. Peter Oey
Peter Oey is the CFO of Grab – the Southeast Asian super-app that describes itself as ‘the everyday everything app’. The app allows users to order food deliveries, pay for daily purchases, invest in the stock market, take out insurance for life's necessities, and even book a hotel room. He has over 20 years’ experience in corporate financial and strategic planning experience, having previously been CFO of legal technology solutions provider LegalZoom. Oey has a Bachelor of Economics, Accounting and Commercial Law from the University of Sydney in Australia.
4. Anand Sairam
Anand Sairam was appointed CFO for Asia Pacific at Citi in October 2022. An experienced executive within the world of investment banking, Sairam had held multiple roles at the group since first joining in 2014. They include Regional Head of Strategy and FP&A for Asia, and Head of Corporate Financial Planning and Analysis. He previously spent over three years apiece as a Director of Investment Banking at Nomura and a Senior Associate for Investment Banking at Deutsche Bank. Based in Singapore, he holds a Bachelor’s of Engineering from Nanyang Technological University and an MBA from INSEAD Business School.
3. John Lo
John Lo joined Tencent as Financial Controller in 2004, before being promoted to Deputy the role of Deputy Chief Financial Officer four years later. It took a similar amount of time before the Chief Financial Officer’s job became available, and Lo has now occupied the CFO spot for over a decade. Prior to joining Tencent, he worked at PricewaterhouseCoopers. He holds a Bachelor of Business in Accounting from Curtin University and an EMBA degree from Kellogg Graduate School of Management at Northwestern University, and The Hong Kong University of Science and Technology.
2. Alan Ho
Alan Ho is CFO for Asia Pacific at J.P. Morgan. He has previously held a number of senior roles within the Asia Pacific region for the investment bank, including as Senior Country Business Manager, Asia Pacific Regional Controller, China Chief Operating Officer, and China Senior Financial Officer. Before joining his present employers in 2005, he previously worked for Credit Suisse and spent over six-and-a-half years as Audit Manager for Deloitte. Based in Hong Kong, he is a graduate of Tufts University in Medford, Massachusetts.
Cyril Xinyi Han is CFO at Ant Group, the parent company of Alipay and one of the world’s most widely used mobile payment platforms. Alipay helps support over 2,000 financial institutions in China to provide inclusive financial services including consumer finance, wealth management and insurance. Mr Han has been CFO at Ant Group since 2020 and previously worked in finance roles at Alibaba and China International Capital Corporation.
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