Member of Parliament Tin Pei Ling has stepped down as director of corporate development at Grab after just eight months in the role, according to a post by Tin on LinkedIn. She will be moving on to a more external-facing and commercial role in the tech sector from 1 October this year.
"It has been an invaluable experience for me at Grab, as it was an opportunity for me to return to the private sector, to broaden my horizons, hone new skills and allow me to make a contribution in a different way," Tin wrote. "I admire Grab’s social mission – 'to drive Southeast Asia forward by creating economic empowerment for everyone'."
She explained that in her time with Grab, she has had the privilege of meeting many talented Grabbers and has been involved in several projects. "These are meaningful experiences and memories that I will continue to hold dear and be thankful for," she said.
As she leaves Grab, Tin will be joining a fintech company that aims to pioneer innovative advancements in the payment industry, she said. "I will take on a leadership role in strategic partnerships and business development. I am excited that this new role will give me the opportunity to support the company’s product innovation efforts and expansion into key Asia-Pacific markets," she said.
Tin's move comes months after public outcry regarding her appointment at Grab. In February this year, Tin joined Grab Singapore as its director of Public Affairs and Policy. A Grab spokesperson confirmed the news to MARKETING-INTERACTIVE.
The spokesperson added that Tin has deep on-ground understanding of digital economy and smart nation policy, and close ties with the local community. “She will build partnerships and programmes to harness the positive potential of technology to create impact in Singapore,” he said.
However, shortly after, she was moved to a corporate development role within the tech giant following debates on social media about her appointment as the company’s director of public affairs and policy. The news was announced by Tin on her social media accounts as well as in a statement by Grab that Tin posted on her page. Tin wrote on her LinkedIn page that following the recent public attention, she discussed the issue with Grab and agreed that it would be best for her to move into a role that did not involve any government relations in Singapore.
The company said it had come to a "mutual agreement" with Tin on her revised role, after discussions on her career aspirations and evaluating her experience against relevant open roles. “I understand and have long come to accept the public scrutiny that comes with being an MP. But I would never want it to hinder my ability to serve my constituents well as MP, or to do my job at Grab effectively. And this would be the case if my intentions and actions in the future are always called into doubt, whether justified or not,” Tin wrote. She then announced that she will be moving into a new role as director, corporate development.
She added at the point that it was a role that is aligned to her career interests and that will also tap on her past experiences in consulting and corporate strategy.
Prior to joining Grab, Tin, who is the MP for MacPherson, served as the chief executive officer at Business China, a local non-profit organisation that aims to foster Singapore-China relationships. She was in this role since 2018. In a LinkedIn post at the time, Tin announced that she was leaving Business China but that she would be serving on its board and continuing to walk alongside the organisation in the years to come.
Tin also served as the keynote speaker during MARKETING-INTERACTIVE's Digital Marketing Asia 2022 conference. During the conference, she noted that the upheavals in the tech scene can be somewhat unsettling. She said that although the world is experiencing "very painful times of deep crisis at this moment", there is always hope and tech industries and firms should take heart.
SOURCE: MARKETING-INTERACTIVE
Tin Pei Ling quits DCS Card Centre, joins digital asset platform from Jun. 2024
Tin has worked at DCS Card Centre for nine months since October 2023.
MacPherson SMC Member of Parliament (MP) Tin Pei Ling has left her role in fintech firm DCS Card Centre in June 2024.
She was in that role for nine months since October 2023.
Following her departure, Tin assumed a new role as the co-president of Singapore-based digital asset platform MetaComp, where she would be driving strategic partnerships and corporate development, Tin announced in a Jun. 24 LinkedIn post.
According to Tin and MetaComp's website, the company "specialises in blockchain technology" and offers digital payment token services, as well as cross-border money transfers.
MetaComp is a subsidiary of MVGX Holdings, a fintech group that provides regulated financial services and end-to-end carbon software-as-a-service solutions "for a more inclusive and sustainable future", according to its LinkedIn.
Bidding farewell to DCS Card Centre
In her post, Tin said she was "very fortunate to receive great support and to learn" from DCS Card Centre (DCSCC) chairman Charles Huang and chief executive officer Karen Low.
'Eager to contribute to growth of sustainable finance'
Tin also expressed her excitement about her new role and eagerness to contribute to MetaComp as well as "a sustainable future":
In a Jun. 24 LinkedIn post, MetaComp said it is "pleased to welcome" Tin onboard, who will bring "a distinguished blend of digital and financial acumen, plus industry experience in payment platforms and the financial technology space" to the company.
MetaComp added that Tin's appointment is set to "significantly enhance" its strategic alliances, driving momentum, and advancing its position "as a leader in bridging traditional finance and digital assets".
"We look forward to Pei Ling paving the way for new collaborations and the expansion of our client offerings," the company said.
MP Tin Pei Ling announces new role at payment firm DCS Card Centre after leaving Grab
SINGAPORE — Member of Parliament Tin Pei Ling on Monday (Oct 2) announced that she has joined DCS Card Centre, formerly known as Diners Club Singapore.
She said she will lead strategic partnerships and business development at the company.
"Today's my first day at work and it's been great! In this role, I will focus on establishing strategic partnerships to reinforce our position as a leading and innovative player in the payment landscape and driving future market expansion," Ms Tin said in a LinkedIn post.
"This is exciting as I can now play a more active role in the commercial and strategic side of business and in an industry sector that I have been watching with interest."
The 39-year-old MacPherson MP said in August that she was leaving Grab to take on a "more external-facing and commercial" position at a financial technology firm.
This came seven months after she was hired for a role at Grab that sparked public scrutiny and questions over a possible conflict of interest.
Ms Tin was initially appointed as Grab's director of public affairs and policy in January. After this was announced, she stated that her role as a parliamentarian would be distinct from her role at Grab, adding that she would be "transparent and above board" as to which capacity she was representing at any one time.
But nine days later, she was moved to a corporate development role, with her employer admitting to "significant discourse" around her earlier appointment. Grab noted that going forward, she would not represent the company in public policy discussions with the Singapore Government.
Ms Tin's People's Action Party also released a statement at the time, acknowledging "challenges" in carrying out her dual responsibilities as a lawmaker and private sector employee required to engage with the Government.
Diners Club Singapore, which was known for issuing credit and charge cards, had rebranded to DCS in August.
The company said it is now focused on transforming itself into a fintech firm to "break new frontiers" in the payments sector.
"DCS aims to revolutionise traditional finance through fintech partnerships and create seamless connections between Web2 and Web3 payment solutions," Ms Tin said in her LinkedIn post.
"For instance, and very notably, DCS introduced the DCS Token – dollar-backed payment token – to create trusted and seamless connections between Web3 and Web2 payment solutions. This new move will effectively allow customers to leverage the best of both worlds."
Ms Tin added that she looked forward to "this new adventure".
https://www.todayonline.com/singapore/mp-tin-pei-ling-announces-new-role-payment-firm-dcs-card-centre-after-leaving-grab-2272226
GRAB probably heaved a great sigh of relief lol
Looks like someone couldn't take the heat brought on by intense public scrutiny
Step down 就 step down, 没有办法的 :(
Maybe she resigned to run for president?
Involved in several projects when she was only with the company for like, what, 6 months? CSB much?
Did she really quit GRAB, or did GRAB quit her?
She should have joined Kate Spade instead
Wow that was fast....