Singapore ESG FinTech STACS appoints new Chief Commercial Officer
SINGAPORE, 1 March 2022 — STACS (‘Hashstacs Pte Ltd’) announced today a leadership appointment, Sharon Yuen as the new Chief Commercial Officer, who will be steering the leading Singapore-headquartered Environmental, Social, and Governance (‘ESG’) FinTech firm’s business development and sales efforts.
Sharon will be responsible for shaping the commercial and business strategy at STACS, ensuring an effective go-to-market plan is established and well-executed for the fintech’s business growth in the expansion of client and partner network globally, which includes global banks, stock exchanges, asset managers, and corporates.
Sharon brings to the management role leadership experience and strong business acumen in sales and strategic partnerships, having been at IHS Markit as Director of Sales, as well as Head of ASEAN Sales, which progressed on to Strategic Alliances within ASEAN and Greater China at R3. Most recently, Sharon served as the Business Development Director at KX with a focus on extending its financial services business in the region.
Benjamin Soh, Managing Director at STACS, said: “Sharon’s expertise and business experience will help us further advance our focus on green strategies, identify meaningful green finance collaborations with regional and global counterparts, as well as unlock greater ESG impact beyond the shores of Singapore. As we are scaling up across the region now, Sharon’s experience in leading enterprise sales in ASEAN will be very valued, and will bring us forward to a higher level.”
Sharon Yuen, Chief Commercial Officer at STACS, said: “I am driven to be part of the dynamic growth at STACS. It is hugely exciting to be joining at an opportune time when STACS is rapidly expanding its verticals on ESG Finance, in partnership with Singapore’s central bank. Our team will be laser-focused, with a clear product roadmap to target the best-of-breed partners and clients, and I look forward to leading the charge and continuing driving this success forward with STACS.”
This appointment follows STACS’s prominent partnership announcement with the Monetary Authority of Singapore’s (‘MAS’) Project Greenprint last November, with STACS’s flagship blockchain-powered platform, ESGpedia, as the Project Greenprint ESG Registry. ESGpedia is an industry-wide library that provides financial institutions, corporates, and regulatory authorities a single point of access to quality ESG certifications and data of various industry sectors, and enhances the mobilisation of ESG capital.
ESGpedia is currently deployed in its beta phase, with ongoing partnerships with numerous leading financial institutions and a growing ecosystem spanning various sectors (e.g., transport and logistics, manufacturing, agri-food, building and construction, renewable energy, etc.). With ready modules and APIs for integration, STACS aims to achieve global scalability through its ongoing expansion of ecosystem partners (e.g., financial institutions, ESG data service providers, certification bodies, ratings agencies, other fintech/technology firms, and corporates from all sectors).
As STACS continues to work with industry partners closely to help companies of all sizes achieve effective ESG Finance via technology and quality ESG data, Sharon’s role will be instrumental in expanding growth opportunities globally, cementing new partnerships and collaborations with like-minded ecosystem partners, and creating sustainable value for all stakeholders in the financial industry.
The firm will be commencing another funding round later this year after its successful Pre-Series A in early 2021.
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STACS (Hashstacs Pte Ltd) is a Singapore FinTech company focused on ESG FinTech, in partnership with the Monetary Authority of Singapore (MAS) for the Project Greenprint ESG Registry. STACS serves as the Nexus of ESG Finance with its live blockchain infrastructure that enables effective Sustainable Finance, and unlocks value in Asset and Wealth Management and Digital Securities. Its clients and partners include global banks, stock exchanges, asset managers, and corporates.