Intraco, the investment management company, announced on March 8 that it has appointed Ong Sing Jye as CEO and director of its subsidiary, Intrawave.

Ong’s appointment is effective immediately.

In his new role, Ong will oversee all operational and management aspects of the Intrawave business, including developing and growing new initiatives for the business.

SEE:Dynamic Colours receives 22.5 cents per share privatisation offer; Intraco to sell stake for $19.5 million cash

Prior to this, Ong was CEO of Asia Networks from 2017 to 2020, and managing director at Consistel before.

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Shares in Intraco closed 0.5 cent higher or 2.0% up at 26 cents on March 5.