Singapore-based multi-family office Whampoa Group has appointed Sherwin Koh and Tim Tan as co-heads of public investment its newly-created digital investment arm Whampoa Digital.
Accountant by training, Koh is a self-taught software engineer who has built applications on the Ethereum blockchain. He has previously worked at Immin and Otonomos, which offers blockchain-based corporate services.
Koh was an early miner of Ethereum and Monero and invested in the initial coin offerings of companies including Decentraland and Polygon. He has experience managing funds for investors using a self-developed suite of proprietary trading tools and bots.
Meanwhile, Tan was previously with digital assets trading company QCP Capital as one its earliest employees. He was also an early participant in decentralised finance (DeFi) space, well-versed in the various DeFi protocols and applications as well as lending and yield strategies.
“[Koh and Tan’s] experience in the digital assets industry will help Whampoa Digital capitalise on opportunities in public markets to complement our investments in the private equity space,” says Whampoa Group CEO Shawn Chan.
Whampoa Digital will invest in equity and tokens of products and services that enable as well as facilitate the mass adoption of Web3. The fund plans to initially deploy US$100 million before scaling up.
Whampoa Group was co-founded by Amy Lee, head of her family investment firm LKY Investments and Lee Han Shih, executive director of the Lee Foundation. Amy is the niece of Singapore's first prime minister Lee Kuan Yew while Han Shih is a member of the business family that co-founded OCBC Bank.
