Grab has named Philipp Kandal as its chief product officer from February 1, while Credit Suisse has reportedly revamped its Southeast Asia wealth business leadership.
Grab promotes Philipp Kandal
Southeast Asian superapp and ride-hailing giant Grab has promoted Philipp Kandal to chief product officer to oversee the product, design, and analytics team at the company with effect from February 1. He will be tasked to build a product mix for Grab users and partners.
Kandal joined Grab in October 2019 to lead the engineering and data science teams for Geo, the vertical that focuses on location-based intelligence and services. Prior to that, he was senior vice-president for engineering at Telenav, a California-headquartered connected car and location-based service firm.
Kandal will continue to lead Geo in addition to his new responsibilities, according to the announcement.
Grab saw its deliveries segment achieve positive adjusted EBITDA for the first time in Q3 — nine months ahead of expectation. Its core food deliveries sub-segment also turned adjusted EBITDA positive in Q3, two quarters ahead of its previous guidance.
Credit Suisse appoints new SE Asia heads
Credit Suisse, Switzerland’s second-biggest bank, has made changes to its Southeast Asia wealth business leadership, according to a finews.asia report.
The report said the revamped was made after Johanes Oeni, the bank’s market group head for Indonesia and Malaysia, exited to pursue another opportunity.
Credit Suisse reportedly appointed Claude Harbonn to take over Oeni’s position. Harbon will report to Benjamin Cavalli, the bank’s head of wealth management for Asia-Pacific.
The bank also named Heinz Puth as market group head Indonesia. Puth and Malaysia market leader Joyce Low will report to Harbonn. Sascha Banz will become the sole head of advisory and sales for APAC and will continue to be based in Hong Kong, following the appoint of Puth.