2 senior Grab executives quit as company rejigs unit to stem losses

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SINGAPORE — Two top executives at Grab Holdings' fintech business have quit, adding to other senior departures in recent months, as the Southeast Asian ride-hailing and delivery firm rejigs the key unit at the loss-making group, two sources said.

Mr Chris Yeo, who heads Grab's payments and rewards business and has been with the company for nearly six years, is leaving along with Mr Jeffrey Goh, who leads the payments gateway business, the sources familiar with the matter told Reuters.

"Many business groups within GrabFin have been put on notice with significant performance metrics," said one of the sources."There's an intense focus on getting to profitability." Grab declined to comment specifically on the executives' departures. There was no immediate response from Yeo and Goh to a Reuters query.

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Exclusive-Two senior Grab executives quit as company rejigs unit to stem losses - sourcesTwo top executives at Grab Holdings' fintech business have quit, adding to other senior departures in recent months, as the Southeast Asian ride-hailing and delivery firm rejigs the key unit at the loss-making group, two sources said. Chris Yeo, who heads Grab's payments and rewards business and has been with the company for nearly six years, is leaving along with Jeffrey Goh, who leads the payments gateway business, the sources familiar with the matter told Reuters. Both Yeo and Goh worked at the Grab Financial Group's GrabFin unit, which provides digital payments, financing, insurance, rewards, and wealth management services, and is an important plank of Grab's regional growth strategy.
Source: YahooSG - 🏆 3. / 71 Read more »

Exclusive-Two senior Grab executives quit as company rejigs unit to stem losses - sourcesTwo top executives at Grab Holdings' fintech business have quit, adding to other senior departures in recent months, as the Southeast Asian ride-hailing and delivery firm rejigs the key unit at the loss-making group, two sources said. Chris Yeo, who heads Grab's payments and rewards business and has been with the company for nearly six years, is leaving along with Jeffrey Goh, who leads the payments gateway business, the sources familiar with the matter told Reuters. Both Yeo and Goh worked at the Grab Financial Group's GrabFin unit, which provides digital payments, financing, insurance, rewards, and wealth management services, and is an important plank of Grab's regional growth strategy.
Source: YahooSG - 🏆 3. / 71 Read more »