Teng had been instumental in developing a fintech framework at ADGM LuLu Financial Holdings has been expanding its interests beyond remittances and getting into the fintech space. Image Credit: Supplied
Dubai: LuLu Financial Holdings has confirmed Richard Teng as independent director on its board. Teng was the former CEO of Financial Services Regulatory Authority at Abu Dhabi Global Market (ADGM),
The appointment coincides with LuLu Financial Holding’s ongoing diversification and investments in the financial services sector. Teng had served as director of Corporate Finance with Monetary Authority of Singapore and as chief regulatory officer of Singapore Exchange. At ADGM, he helped develop regulatory regimes to bridge gaps in the ecosystem.
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LuLu Financial appoints Richard Teng to Board
ABU DHABI, 3 hours, 54 minutes ago UAE-based Lulu Financial Holdings 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 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. 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.
Press release content from Business Wire. The AP news staff was not involved in its creation.
Abu Dhabi Based LuLu Financial Holdings Appoints Former ADGM FSRA CEO Richard Teng to Its Board of Directors
April 14, 2021 GMT
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.
Richard Teng (Photo: AETOSWire)
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.
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