Singapore-based digital lender MariBank has named Natalia Goh as CEO while Partners Group has appointed Michael Marquardt to the firm’s executive team.
Sea’s digital bank names Natalia Goh as CEO
NYSE-listed Southeast Asian tech major Sea Ltd has named Natalia Goh as chief executive officer of its Singapore-based digital lender MariBank.
Goh, who previously served as CEO of rival Trust Bank, is replacing Zheng Yu Dong, who will remain as an adviser to MariBank and Sea, according to announcements on their LinkedIn pages.
Before joining MariBank, Goh was Trust Bank’s CEO since May 2022. She also spent 14 years at Standard Chartered Bank in Singapore.
Digital banking in most parts of Southeast Asia is proliferating on the back of a vast 300-million population of unbanked adults and rapid internet penetration.
MariBank received S$75 million (about $56 million) more in capital infusion from its parent company in December 2023. SeaMoney’s total injection into the digital banking unit comes to about $302 million since 2021.
Besides MariBank, other digital banking firms operating in the city-state include GXS Bank, ANEXT Bank, and Green Link Digital Bank.
Partners Group appoints Michael Marquardt to executive team
Global private markets firm Partners Group has appointed Michael Marquardt, the firm’s partner and head of business services, to its executive team which provide strategic and operational oversight to the firm and its employees.
Marquardt joined Partners Group in March 2024. He was previously the CEO of Asia at investor services group IQ-EQ. Before that, he was a partner and COO at Zerobridge Partners, and chief operating officer for Asia Pacific at BlackRock for 17 years.
In a separate press release, the Swiss alternative investment firm announced that it received $11.1 billion in new commitments from its global client base in the first half of 2024, bringing the firm’s total assets under management to $149.2 billion as of June 30, 2024.
“For the full year 2024, Partners Group continues to expect to raise between $20 to $25 billion in total client demand. Full-year estimates for tail-down effects from more mature closed-ended investment programs remain unchanged at $ -8 to -9 billion.,” the firm said.
“While traditional fundraising remains slow as client conversion periods have not yet normalized, bespoke client solutions are expected to continue to drive fundraising in 2024,” it said.