Creating successful,
sustainable industries
and long-term
shareholder value


Who we are

Headquartered in Singapore, we invest to shape the future industries of Singapore in the knowledge and innovation-intensive sectors of Information & Communication Technology, Emerging Technology, Healthcare, and select industry clusters under our Strategic Growth Programme. As a leading global investor, we are consistently working towards supporting the future economic pillars of Singapore.
Our commitment to pathbreaking innovation and growth enablement is guided by our values

From supporting companies that display international competitiveness to identifying ones that strengthen Singapore’s economy, we adopt a focused set of criteria for our investments


As a value adding investor with 30 years of investment experience, we support our portfolio companies’ growth in Asia and globally, through Singapore, by leveraging our extensive network, resources and experience.

  • Our portfolio companies value our long-term perspective beyond typical investment cycles.

  • Our portfolio companies leverage our extensive knowledge of Asian and Singaporean operating environments, scientific and technical expertise, rich management and commercial experience for new business opportunities.

  • Beyond the positive association with the Singapore brand, our portfolio companies also flourish within Singapore’s dynamic and secure business environment, and enjoy strong government support.
Through our portfolio of globally competitive companies with high-growth potential, we promote the development, expansion and transformation of successful industries to enhance economic growth and create employment opportunities in Singapore.


Paul Ng

Chief Executive Officer

Yeung Chia Li

Managing Partner, Investments
Co-Head, Information & Communications Technology (ICT)

Charmaine Kng

Partner, Investments
Co-Head, Information & Communications Technology (ICT)

Christine Giam

Partner, New Ventures

Ang Jen Keng

Corporate Finance, Digital Strategy & Portfolio Operations

Serene Keng

Value Creation and Communications

Lee Li Ting


Loseana Ng

Legal & Corporate Planning

Dionne Quah

Human Resources

Jacky Ng

Deputy Director, Digital Strategy

Tan Kia Yong

Deputy Director, Corporate Finance & Corporate Planning



Png Cheong Boon

Mr Png Cheong Boon was appointed Chairman of the Singapore Economic Development Board (EDB) on 1 May 2023. He also chairs the Board of Directors of EDBI.

Cheong Boon was Chief Executive Officer of Enterprise Singapore (EnterpriseSG) from 1 April 2018 to 30 April 2023. Prior to that, he was the Second Permanent Secretary at the Ministry of Trade & Industry, a role he took on in June 2017. He also served as the Chief Executive Officer of JTC Corporation from 2013 to 2017 and Chief Executive of SPRING Singapore from 2008 to 2013. He began his career with EDB in 1993 and held various portfolios in Singapore and the US before joining SPRING Singapore as its Deputy Chief Executive in 2003.

Cheong Boon serves on the boards of EnterpriseSG, Business China, National Research Foundation, Raffles Medical Group and Human Capital Leadership Institute. He previously served on the boards of Singapore Cooperation Enterprise, Infrastructure Asia, Singapore Israel Industrial Research and Development Foundation, Employment and Employability Institute Pte Ltd, Singapore Innovate Pte Ltd, Ascendas-Singbridge Pte Ltd, China-Singapore Suzhou Industrial Park Development Group Co. Ltd, Jurong Port Pte Ltd, the Singapore Suzhou Township Development Pte Ltd, Surbana Jurong Pte Ltd, the Institute for Engineering Leadership at the National University of Singapore and the Institute of Service Excellence at the Singapore Management University.

A recipient of the EDB-GlaxoSmithKline scholarship, Cheong Boon holds a Bachelor of Science degree in Electrical Engineering from Cornell University and a Master of Science in Management under the Sloan Fellows Programme at Stanford University.

He was conferred the Public Administration Medal (Gold) in 2020.


Jacqueline Poh

Ms Poh was appointed Managing Director of the Singapore Economic Development Board (EDB) on 4 October 2021.

She was previously Deputy Secretary in the Prime Minister’s Office Strategy Group, which leads and organises the Public Service to develop and implement the strategic priorities of the Government. She also oversaw the National Population and Talent Division and the Centre for Strategic Futures.

Ms Poh was the founding Chief Executive of the Government Technology Agency of Singapore (GovTech), and was previously the Managing Director of the Infocommunications Development Authority (IDA). She has also held key positions in the Ministry of Manpower, the Ministry of Finance and the Ministry of Defence.

Ms Poh is an alumnus of Oxford, Cambridge, INSEAD (MBA) and Stanford. She has three teenagers and more patience than before she had them.

She currently sits on the Boards of SingHealth and St Luke’s Eldercare, and is a member of the Young Presidents’ Organisation and the World Economic Forum Global Futures Council.


Choo Yong Cheen

Choo Yong Cheen is GIC’s Chief Investment Officer (CIO) for Private Equity (PE). He has been a member of GIC’s Group Executive Committee (GEC) since April 2020. Since 2017, he has also been the Head of GIC’s China Business Group.

Yong Cheen joined GIC in 1996. From 1996‐2002, he worked in the Economics and Strategy Department, where he was involved in global economics, investment strategy and asset allocation work. From 2002‐2010, he worked in the Equities Department, where he managed an Asia regional equities portfolio, specialising in China. In 2011, Yong Cheen transferred to GIC Special Investments, to run GIC’s PE business across Asia. From 2014 to 2016, he was based in London as the Head of Europe for PE. He was appointed CIO, PE in July 2016. He was made a Managing Director in July 2011.

Yong Cheen graduated from the London School of Economics with a BSc in Economics (First class honours) in 1995, and with an MSc in Econometrics and Mathematical Economics (with distinction) in 1996.


Choo Heng Tong

Mr Choo Heng Tong is the Executive Vice President of the Singapore Economic Development Board. He oversees EDB New Ventures, working with experienced founders and large corporates to create and grow new global businesses from Singapore, as well as EDBI, the investment arm of EDB. He is also responsible for EDB’s strategy team advancing Singapore as an innovation-led economy.

Previously, he was Executive Vice President (Investments) and a member of the Investment Committee at EDBI, where he was responsible for EDBI’s venture investments in biomedical sciences, emerging technologies as well as strategic growth capital for local companies; and oversee EDBI’s operations in the United States. He was part of EDBI’s Senior Management team responsible for corporate matters and policies including investment process, risk management, corporate governance and branding.

He was responsible for a number of EDBI’s key investments including Inviragen (acquired by Takeda), Livongo (NASDAQ:LVGO), Moderna (NASDAQ:MRNA), Nutonomy (acquired by Delphi) and Nanofilm International (MZH.SI).

He has over 20 years of experience in investments and industry development; including M&As, business development and international growth into new markets, involving both multi-nationals and start-up organisations. In addition, Heng Tong had also served on the boards of various Singapore- and US-based start-ups and growth stage companies.

Heng Tong holds a Master of Engineering in Aeronautics from Imperial College London, a Master of Arts in Biotechnology from Columbia University New York and an AMP (Advanced Management Program) in Business Administration and Management from INSEAD.


Lee Chuan Teck

Mr Lee Chuan Teck is the Chief Executive Officer of Enterprise Singapore.

Prior to this, Chuan Teck was Permanent Secretary (Development) of the Ministry of Trade and Industry from June 2018 to April 2023 where he was responsible for the development of Singapore-based enterprises, and oversaw the tourism and energy sectors, as well as competition and consumer protection issues. On the trade front, he focused on expanding economic connectivity and strengthening bilateral economic relationships with Southeast, South and Central Asia and Latin America.

Chuan Teck started his public service career with the Monetary Authority of Singapore in 1992 covering various roles, including reserves investment, monetary policy and capital market regulation. In 2014, he was appointed Deputy Secretary (Land and Corporate) of the Ministry of Transport, where he led the restructuring of the public bus and rail sector and spearheaded the deployment of autonomous vehicles in Singapore.

He also serves on the boards of the Economic Development Board, Singapore Corporation Enterprise, Infrastructure Asia, National Research Foundation, Clifford Capital Holdings Pte Ltd, Clifford Capital Pte Ltd, Bayfront Infrastructure Management Pte Ltd, Singapore Trade Data Exchange Services Pte Ltd, and Singapore Health Services Pte Ltd.

Chuan Teck was conferred the Public Administration Medal (Gold) in 2021.


Andrew Lim

Mr Andrew Lim Ming-Hui is a Partner of Allen & Gledhill and a member of the firm’s Executive Committee. He has advised clients on numerous market-leading corporate and merger and acquisition transactions. He also advises clients on corporate governance, regulatory and compliance matters. His clients include MNCs, listed and non-listed companies, financial institutions and private equity firms.

Andrew was called to the Singapore Bar in 1986. He was an Associate with the Firm in 1988/89 before spending time as an investment banker. He rejoined the Firm in 1993 as a Partner.

Andrew serves as a Trustee on the Board of Trustees of the National University of Singapore and as a board member of Sentosa Development Corporation. He is a Director of Jurong Engineering Limited, Constellar Holdings Pte. Ltd., Weybourne Holdings Pte Ltd, 65 Equity Partners Pte. Ltd. and PIL Pte Ltd (and some its subsidiaries). He is also a Fellow of the Singapore Institute of Directors, a member of the Legal Service Commission, and a member of the National University of Singapore Law Advisory Council.

He is consistently recognised for his leading expertise in various publications including Chambers Global, Chambers Asia-Pacific, IFLR1000, The Legal 500 Asia Pacific, Best Lawyers and Who’s Who Legal.


Harish Manwani

Mr. Manwani is the Senior Operating Partner for Blackstone Group and also serves as Director on several international boards. Before joining Blackstone in 2015, Mr. Manwani was Chief Operating Officer of Unilever responsible for managing the P&L across all of Unilever’s global markets. Mr. Manwani spent almost thirty-eight years with Unilever, holding various senior general management positions in different parts of the world, including overseeing Unilever’s businesses in Latin America, North America, Asia and Africa. Mr. Manwani serves on the Board of Directors of Gilead Sciences, Inc., Whirlpool Corporation and Tata Sons Private Limited. He is also Chairman of the Executive Board of the Indian School of Business.

In 2008, Mr. Manwani received the CNBC Asia Business Leader of the Year Award and in 2012, he was conferred the Public Service Medal by the Singapore Government. He has also served on ‘Singapore’s Committee on the Future Economy’ (CFE).

Harish is an Honours graduate from Bombay University and holds a Masters degree in management studies. He has also attended the Advanced Management Program (AMP) at Harvard Business School.


David Su

David Su is a founding managing partner at Matrix Partners China, focused primarily on software, technology and healthcare investments.

David has been investing in China for the last two decades and some of his investments include Didi Chuxing (NSDQ:DIDI), Baidu (NSDQ:BIDU), Bona Film (NSDQ:BONA), Focus Media (NSDQ:FMCN), Kanghui Medical (NYSE:KH), Kingfriend Biochemical (SS:603707), China Youzan (8083.HK), AAC Technologies (2018.HK), Heptagon (SIX:AMS).

Before Matrix, David was a founding general partner of TDF Capital and KPCB China. Prior to joining the venture capital industry, David worked at Lotus Development, IBM Software Group for seven years and was last responsible for Lotus’ software and services business in Greater China region. David graduated with a Bachelor of Applied Science in Computer Engineering from Nanyang Technological University, Singapore.

David is a Fellow of the inaugural class of the China Fellowship Program and a member of the Aspen Global Leadership Network. He also co-founded San Si Institute, a community of high achieving entrepreneurial leaders in China who are committed to tackle the big challenges of our society.


George Raymond Zage III

George Raymond Zage III, is the Founder and Chief Executive Officer of Tiga Investments Pte Ltd., an investment holding company that invests capital globally and has also been the sponsor of Tiga Acquisition Corp, a Special Purpose Acquisition Company listed on the New York Stock exchange where Zage serves as Chairman and CEO. Mr. Zage is also a Senior Consultant at Farallon Capital Management LLC, a San Francisco based multi strategy asset manager.

Mr. Zage has been involved in investments throughout Asia in various industries including financial services, technology, infrastructure, manufacturing, mining, energy and real estate. Prior to forming Tiga, he served for 18 years as Chief Executive Officer, Managing Director and Portfolio Manager of Farallon Capital Asia Pte Ltd. Mr. Zage joined Farallon Capital Asia in 2000. He has a wealth of experience in the investment industry and has invested successfully in public and private market transactions in most countries in Asia with a particularly active history in some of the most high profile investments in Indonesia including the acquisition of Bank Central Asia, early stake investments in Protelindo, Sea, and Go-Jek, and major investments in Semen Gresik, Adaro, and BTPN. More recently his investments have included an increased focus on Canada and North America including the purchase of a controlling stake in Grindr from Kunlun which was a sale resulting from a failure from Kunlun to secure US government approval from CFIUS.

He has served on a number of boards including and related to Toshiba, Go-Jek, Lippo Karawaci, Protelindo, Bank Central Asia, Deposco, Room to Read, the Singapore American School Foundation and the National University of Singapore Investment Committee. Prior to joining Farallon, he worked in the investment banking division of Goldman, Sachs & Co. in Singapore, New York and Los Angeles


Dr Michael Laufer
Dr Göran A. Ando

EDBI Connect

EDBI Connect is a forward-thinking inner circle of opinion leaders from global
investment, business, and scientific communities which facilitates and fosters
closer interaction with EDBI’s portfolio companies

Avi Hasson


Balaji Srinivasan (PhD)

Binny Bansal

xto10x Technologies

Dr Argeris (Jerry) Karabelas

Care Capital

Dr Eugene Yeo

University of California,
San Diego

Dr Gerard Ee

Agency for Integrated Care

Dr Prateek Saxena

National University of Singapore

Forrest Li

Sea Group

Gautam Banerjee

Blackstone Singapore

Irving Tan

Western Digital Corporation

James Rowan

Volvo Cars

Prof Patrick Tan

Genome Institute of
Singapore (A*STAR)

Quah Wee Ghee

Avanda Investment Management

Sir Richard Sykes

Royal Institute of Great Britain

Soh Gim Teik

Finix Corporate Advisory

Syed Ali

Alif Semiconductor

Teng Ngiek Lian

Target Asset Management

Veronica Eng

Formerly Permira

Vitalik Buterin


Winato Kartono

Provident Capital Partners

Zhuang Chenchao

Zebra Global Capital

Core Values


What we do has a direct impact on the development of Singapore’s growth and industries. We endeavour to create value for all stakeholders to advance Singapore’s interest, which is paramount.

We are a team with diverse strengths working towards a common goal, working together to realize our vision. We do this through our people, who are our most valuable assets.
We are dedicated, passionate and show utmost pride in our work, with a strong sense of ownership, responsibility and efficiency. We build trust and develop lasting relationships with our colleagues and business partners.
We consistently strive for excellence in whatever we do. We uphold the highest standards of professionalism, honesty, integrity and conduct. We are committed and will persevere to deliver results.
We value each member of our team and appreciate each other’s views and contributions. We treat each other with respect, in an environment that is trusting and co-operative.