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ANNOUNCEMENTS & APPOINTMENTS

Elevandi, a new Company Limited by Guarantee (GLC)
created by the Monetary Authority of Singapore (MAS)
to bring together the global financial and FinTech
communities, has appointed an international board of
directors to oversee its mission and work.

Sopnendu Mohanty, MAS Chief FinTech Officer, will
serve as the Chairman of the Elevandi Board. The directors will bring diverse perspectives and insights on
innovations driving the financial sector.

The board of directors include:

Jo Ann Barefoot, CEO and Co-founder of Alliance for Innovative Regulation and Co-founder of Hummingbird
Regtech. Jo Ann is a globally well-regarded policymaker with over 35 years of experience and was the first
woman Deputy Comptroller of the Currency (OCC). Jo Ann is based in the U.S

Neil Parekh, Partner and Head of Asia, Australia, and New Zealand at Tikehau Capital. Neil is an accomplished
Singaporean banker with over 30 years of global experience in financial services including the APAC region,
Europe, and the U.S.

Pieter Franken, Global FinTech Pioneer and Passionate Innovator, is based in Japan. Pieter has a career
spanning 30 years in Financial Services, specializing in management, FinTech, innovation and large-scale digital
transformations.
Matthias Kröner, Founder & Managing Director of Tradelite Solutions, is based in Germany. Formerly, Matthias
served as Founder and CEO of Fidor Bank and DAB Bank; has over 25 years in financial services, with
unparalleled insight into corporate strategy, innovation-leadership and M&A through the most transformative
period in the history of the banking industry.

Sopnendu Mohanty, Chief FinTech Officer, Monetary Authority of Singapore. Sopnendu is a well-known
Singaporean FinTech Professional with over 25 years of global experience in the Financial Sector covering
financial services, technology, and innovation.
The appointment of the board is key to fulfilling Elevandi's mission of fostering a dialogue between the public and
private sectors to catalyze for the growth and positive impact of FinTech in the new digital economy. ◊

HGC Global Communications Limited (HGC) announced the appointment of Eli
Ngai as Chief Information Officer, with immediate effect. He will be responsible for
the dynamic development of the Group's digital capabilities and infrastructure,
helping to ensure it can continue to expand and enhance its fully-fledged ICT and
telecom services for operators and enterprises in Hong Kong and around the world.

In this new role, Eli will lead the creation and implementation of digital strategies that
improve HGC's ability to respond rapidly and with innovation to market changes. He
will also focus on leveraging digital technologies to enhance the HGC customer
journey. In addition, Eli will continue to oversee the Software & Systems team to help
HGC attract customers and support them with customized solutions.

Eli Ngai An ICT industry veteran with more than three decades of experience, Eli has
expertise in software development, enterprise networking, information security and data center virtualization and
orchestration. He joined HGC in 2019 when the Group acquired Macroview Telecom, a leading Hong Kong-based
provider of digital technology solutions. Eli had served at Macroview for 27 years, most recently as Chief
Information Officer, where he focused on driving digital transformation for the company and for corporate clients
across the financial services, retail, telecommunications and government sectors. ◊

October 2021: IoT in Marketing 37