Validus Capital announces senior appointments
By Digital News Asia May 21, 2019
- Sonal Jain joins as chief data officer for Validus Capital
- Arvind Rao joins as chief technology officer for Validus Capital
SINGAPORE-based SME financing platform Validus Capital announced on May 21 that it has made several key senior hires to boost its technological capabilities as the company prepares for further expansion in Southeast Asia.
This announcement follows Validus’ recent launch of Batumbu, to serve the needs of small and medium-sized enterprises (SMEs) in Indonesia.
Sonal Jain (pic, above) joins the management team at Validus as chief data officer. In her role, she will deliver innovative data solutions for SMEs while meeting regulatory compliance requirements. Sonal brings over 15 years of experience in analytics and risk management, having held senior roles at Indifi and American Express across Asia Pacific and Europe.
Arvind Rao (pic, above) joins the management team at Validus as chief technology officer where he will be responsible for the global technological architecture of the Validus platform. Having held senior roles at Citibank and Barclays, where he planned and delivered major change initiatives through the implementation of standardised banking solutions, Arvind brings over 25 years of global experience in Asia, Europe, Africa, Mexico and the United States in consumer banking.
Vincentius Ivan (pic, right) will join Batumbu, Validus’ Indonesian arm, as head of technology and innovation in end May. In this role, he will oversee technology adoption and implementation at Batumbu in Indonesia. Ivan has over 21 years of experience in IT within the financial services industry, and has held senior management roles at Citibank, Bank BTPN and Bank Permata.
“We are pleased to welcome Sonal, Arvind and Ivan onboard,” said Ajit Raikar, co-founder and chief executive officer, Validus Capital. “Technology and innovation lie at the core of what we do, by helping us drive more informed lending decisions. This ensures that business financing remains accessible and convenient to SMEs. With their combined experience in technology, we are confident that Sonal, Arvind and Ivan will play a strategic role in Validus’ growth in the region and we look forward to working closely with them.”