Appointments underscore focus on delivering positive and measurable social or environmental outcomes alongside a compelling risk-adjusted return for investors
6 October 2021, Singapore – Singapore-based Asia impact investor ABC World Asia has appointed investment veterans Tan Shao Ming and Sugandhi Matta as Chief Investment Officer and Chief Impact Officer respectively. The new appointments took effect from 1 September 2021.
David Heng, Founder & CEO, ABC World Asia, said, “The new appointments reflect and underscore our commitment to seek and deliver positive impact outcomes alongside financial returns. In their new roles, Shao Ming and Sugandhi will be instrumental in maintaining our disciplined investment posture overlaid with our impact lens. As our investing capacity scales, we will continue to identify and support more companies in Asia in transforming impact potential into measurable positive outcomes for the community and our investors.”
Tan Shao Ming was previously Managing Director at ABC World Asia, leading investments that addressed challenges such as climate change, financial inequality, and healthcare access. He has over 20 years of institutional investing experience and started his career with Singapore state investor Temasek.
Sugandhi Matta joined ABC World Asia at its inception as Managing Director. With over 16 years of investing experience in South and Southeast Asia, Sugandhi was formerly with Leapfrog Investments, a global impact investment group. Sugandhi started her investing career at Temasek focusing on the financial services sector.
ABC World Asia has a growing portfolio that includes companies in Singapore, China, Vietnam, India, and Australia, working on solutions for climate change, food scarcity, access to healthcare and education, and financial inclusion.
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About ABC World Asia
ABC World Asia is a Singapore-headquartered and Asia-focused private equity fund dedicated to impact investing. We invest in companies that drive positive change by addressing the world’s most pressing challenges such as climate change, resource scarcity, and deepening inequality. Our investment themes include financial and digital inclusion, better health and education, climate and water solutions, sustainable food and agriculture, and smart and liveable cities.
We believe that investing with an impact lens demonstrates the positive power of private capital and can help to foster more innovative and resilient companies that deliver societal and environmental benefits. We are a disciplined investor with a rigorous and evidence-based impact assessment approach that aims to generate positive and measurable social or environmental outcomes, alongside a compelling risk-adjusted return for our investors.
Our investment themes are aligned with the ABC Framework for an Active Economy, a Beautiful Society, and a Clean Earth. The ABC Framework was established by Singapore investment company Temasek and builds on the ideals of the 17 Sustainable Development Goals set by the United Nations.
Our inaugural S$405 million fund includes investors such as Temasek Trust, Temasek, Pavilion Capital, Mapletree Investments, Seatown Holdings, Sembcorp Industries, and Singapore Power.