The Investment Committee’s role is one of strategic direction and oversight of IMC Ventures. It is also responsible for the operational implementation and execution of the Investment Policy Statement, which is developed by the Investment Committee.
The Investment Committee (“IC”) comprises of 3 members. Mr. Loh Niap Juan and Mr. James Ong and Mr. Bruno Lorenzon.
For expertise that the IC lacks or needs additional advice from, the IC will tap onto its Advisory Committee which comprises of internal and external thought leaders in their respective fields.
We have created 3 categories of committee members which comprise of leaders in venture capital, industry, and people from the community. They each provide different perspectives from fund raising to networking to industry application. This committee will help our investee companies scale and subsequently an exit.
The Advisory Committee which essentially take on the role of a mentors to our investee companies. The main purpose of a mentor is to help entrepreneurs with specific questions by sharing their knowledge and contacts harvested through their years of experience. In addition to providing industry knowledge, the Advisory Committee also has the potential to open multiple doors for IMC Ventures and its investee companies. Leverage off their connections to bring in extended network effects that can provide our investee companies with early customer trials, strategic engagements, potential customers, interested investors and many more. For example, investors feel more comfortable and would typically make an investment if the startup were referred by their network.
Our in-house Innovation Team will work with the start-ups and Operations Team to help test bed new innovation solutions to be implemented within the IMC ecosystem.
Yap Siew Choy
Yap is a marine engineer with 35 years of marine industry experience. He started his career with MISC Bhd., where he worked for 16 years. He sailed for 10 years and ended his sea career as a chief engineer, after which he went on to be a technical superintendent and gained valuable ship management experience. In 1999, he moved on to serve the industry at Unitor Malaysia as a Country Manager, was later repositioned to General Manager soon after Wilhelmsen’s acquisition in 2005.
He started his career with IMC in 2007 as a manager for newbuilding and engineering projects. With IMC, he had advanced his professional knowledge into shipbuilding, and vessel upgrading or retrofit project development as well as management. Yap holds a First-Class Marine Engineer Certificate of Competency, and an MBA.
Head, Aurora Tankers
Aurora Tankers Management Pte Ltd
Dexter has over 16 years of experience in commercial roles trading freight with various industry leaders and is well-versed in crafting and executing strategies across markets and commodities.
Prior to joining IMC Industrial Group, Dexter spent over 5 years with Navig8 Group where he held several senior positions on varied portfolios including chemical tankers. His last appointment was on the large tanker desk where he traded freight on petroleum products.
Dexter holds a Bachelor’s Degree in Information Technology from RMIT University and a Masters in Maritime Studies from the Nanyang Technological University in Singapore.
Cheong Wai Luen
Director, Information Technology
IMC Industrial Group
Wai Luen has more than 25 years of experience in the Information system/technology field covering the entire spectrum from infrastructure, application architecture/development and global deployment of various enterprise ERP. Over the years, he had also been supporting business domains in global manufacturing, supply chain planning, logistics, consumer electronics and most recently in maritime. He had since nurtured a strong interest and acumen in how technology supports the business.
He is currently the IT Director for IMC Industrial Group and is responsible for the group information system/technology strategy. He also oversees the Industrial Group digitization roadmap visioning and execution. Prior to joining IMC, he was the Chief Information Officer for Sunningdale Tech Ltd and had held various technology management positions in Sony Electronic Asia Pacific, Agilent Technologies and Hewlett Packard previously.
Kostas has more than 10 years of multinational experience in the shipping and logistics business focused on strategy and planning, business development and business optimization. As Assistant Director, Strategy and Planning in IMC Shipping, Kostas leads a team of experts and analysts supporting all the IMC Shipping business units. Kostas is responsible for the origination and execution of strategic projects, S&P transactions, business intelligence and analytics, business optimization and market research.
Prior to joining IMC, Kostas was 8 years with Stolt Tankers in Rotterdam, spearheading strategic projects and business transformation initiatives. Kostas has also worked as a logistics consultant in Greece.
BSc & MSc Mechanical and Aeronautical Engineering with major in Management & Organization (University of Patras, Greece)
MSc Maritime Economics and Logistics (Erasmus University Rotterdam, The Netherlands)
Member of the Institute of the Chartered Shipbrokers (ISC UK)
Managing Director, Ship Services
IMC Industrial Group
Mingfa is an industry veteran and has more than 28 years of extensive international experience in general management, business development, ship management, ship operations, ship new building and maritime consultancy. He joins IMC from Bernhard Schulte Shipmanagement (China) where he was the managing director responsible for developing strategic objectives and ensuring efficiency and quality of Ship Management Center services.
Mingfa was also an ex-seafarer who worked onboard IMC’s ship. Coming back as a Managing Director, he will provide leadership in the development and implementation of business strategies to ensure sustainability and long-term growth in the areas of ship management, ship operations and technology centre services, as well as commercial business development.