Board & Leadership Team

Board of Directors

Mr Lee Chin WeeExecutive Director, Interim Chairman

Appointed 8 September 2014, appointed Interim Chairman on 8 July 2020

Lee Chin Wee is a founding shareholder and a director of IOUpay.

Mr Lee has over 20 years’ experience in a Fintech space, mobile payment, mobile banking solutions, digital marketing and telecommunication industry. He was a former business consultant of Accenture focusing on telecommunications billing systems, products developments and revenue assurance.

Mr Lee holds a First Class BEng (Hon) Degree in Electrical & Engineering from University College London and a Master of Business Administration (MBA) from University of Malaya.

Kwong Yang Chong Independent Non-Executive Director

Kwong Yang Chong is of Australian nationality. He has substantial experience in finance and accounting and is a CPA Australia member. Kwong Yang Chong's relevant experience includes:

  • Audit manager at Ernst & Young for ten years
  • Financial controller of a leading commercial advertisement production Group in Malaysia for 10 years
  • Corporate Finance Manager in Eaton Industries Australia, a member of Eaton Corporation, a Fortune 500 company listed in US, from 2009 to 2014
  • Chief Financial Officer of Donaco International Ltd (an ASX listed company) from 2015 to Jan 2020

Datuk Khairul Idham Bin Ismail D.P.S.M. Independent Non-Executive Director

Datuk Khairul is a lawyer by profession and was called to the Malaysian Bar in September 2000. He holds a LLB (2nd Class Upper Division) from King’s College, London and a Certificate in Legal Practice (C.L.P.) from the Legal Profession Qualifying Board of Malaysia.

Datuk Khairul started his legal career with Messrs David Chong & Co in 2000 before joining the Corporate Secretarial and Legal Department of MMC Corporation Berhad in January 2003. In 2006 Datuk Khairul joined Messrs Naqiz & Partners and was promoted to become its Managing Partner in 2015. Datuk Khairul’s experience in the legal industry includes all corporate & commercial matters, capital markets, Islamic banking & finance, construction and real estate transactions, infrastructure and projects, corporate restructuring, public-private partnerships, privatisation and intellectual property.

Datuk Khairul is also an Independent Non-Executive Director of Niche Capital Emas Holdings Berhad (“Niche Capital”) since 26 May 2015. Niche Capital is a public listed company on Bursa Malaysia Securities Berhad and is principally involved in construction, property investment and jewellery trading. Datuk Khairul was re-designated as the Chairman of the Board of Niche Capital on 29 May 2017.

Byung Moo Shin Independent Non-Executive Director

Mr Shin is a commercial lawyer by profession holding an LLB, Bachelor of Commerce & Bachelor of Laws from The University of Sydney (2011) and having been admitted as a Lawyer of the Supreme Court of New South Wales by the NSW Legal Profession Admission Board in 2012.

Mr Shin specialises in institutional investment and asset management, specifically inbound and outbound South Korean investment across a diverse range of industries. Mr Shin has a strong passion for the financial technology sector and has held senior executive roles with Trihill Partner Investment Management and Hangang Asset Managment in Seoul, South Korea and Manhattan, New York.

Paul Russell Executive Director

Paul Russell brings 15 years of institutional banking experience with Australia’s leading financial institutions as a senior structured asset finance practitioner. Operating out of Sydney, he originated and executed transactions for large corporates, governments and institutional relationships across Australia and the Asia-Pacific region. Ranging from big-ticket capex funding for mining, aviation and marine equipment through to portfolio finance for specialised non-bank financial institutions, Paul’s transaction and relationship experience has covered a range of industries, jurisdictions, regulatory frameworks and credit profiles. In his previous role as Director, Structured Asset Finance at Westpac Institutional Bank, Paul was involved in building a portfolio of direct and third-party originated receivables, relationship management, product development, credit structuring & evaluation, and growing the bank’s Debt Capital Markets business. His work included a number of portfolio acquisition opportunities in addition to ongoing funding of new business.

Paul holds a Bachelor of Economics from the University of Sydney (1990) specialising in accounting and econometrics.

Senior Executives

Khong Kok LoongChief Executive Officer (CEO)

Khong Kok Loong brings 30 years of experience and relationships in the South East Asian technology sectors as a board and senior executive with a wide range of large technology based corporates covering internet and mobile banking, online share trading and settlement systems and e-commerce.

More recently as Technical Director of Malaysian national payment gateway operator IPay88 (2011 – 2019) Khong Kok Loong has a wealth of expertise, a proven track record in fintech platform and product development and strategic commercial development.

Kenneth KuanChief Financial Officer (CFO)

Kenneth Kuan brings 20 years of commercial and corporate law, finance industry management and regulatory compliance and mergers and acquisition experience from Malaysia, South East Asia and Australia. He holds a Bachelor of Law (LLB) Hons (1997) from the University of South Wales, United Kingdom specialising in Corporate Law. He commenced his career in 1998 as Head of Credit and Receivables with the largest Malaysian publicly listed non-bank finance company AEON Credit Berhad (formerly known as ACS Credit Sdn Bhd) before working as a senior consultant with Ernst & Young Malaysia where he had responsibility for corporate turnarounds, restructures and mergers and acquisitions for 5 years.

Kenneth Kuan also brings a depth of experience in Malaysian debt capital markets, legislative and regulatory issues to assist companies achieve funding and regulatory compliance requirements.

Christopher KokRegional Commercial Officer (RCO)

Christopher Kok (RHC) brings over 20 years of business development experience in fast moving consumer goods (FMCG) in international markets across SEA and the Pacific, the Middle East, Africa, South America and Central Asia. He has been responsible for developing big brand distribution into new markets, establishing partnerships with distribution agents, strategic advertising and promotional activities, building sales force velocity, delivering P&L objectives and monitoring market intelligence internationally.

Mr Kok held market development positions with Kotra Pharma from 2005 to 2016, including six years as Head of Department International OTC / Consumer reporting to the Managing Director. During this time he successfully launched new products into SEA & Africa markets and originated distribution partners into 17 jurisdictions across the Middle East, Africa and SEA.

As General Manager Export with Munchys Food Industries from 2017 to 2019, Mr Kok led a sales team responsible for food product distribution into 52 jurisdictions. During this time he drove sales growth through expansion of distribution networks and product development with global brand partners.

Since then, Mr Kok held responsibility as Business Development Director – Far East Asia for the Kohlberg Kravis Roberts (KKR) owned global plant-based consumer products conglomerate Upfield (Malaysia), building distribution into Cambodia, Laos, Vietnam, Philippines, South Korea and the Pacific Islands

Lau Teck HuatChief Technical Officer (CTO)

Lau brings 22 years of system integration with network management and complex problem solving to IOUpay. After 16 years of integrating and managing front and back end systems in the stockbroking industry including 6 years as IT Manager for leading international financial data and terminal provider DZH International, Lau was appointed Head of System and Network Infrastructure of iPay88 - Malaysia’s largest payment gateway and financial solution provider where he worked with IOUpay’s CEO KL Khong for 6 years.

Lau brings detailed knowledge and relationships to IOUpay having worked closely with all the major e-wallet and digital cash providers in SEA including Grabpay, Alipay and WeChat and has managed system integration and operations with all the major merchant point-of-sale platforms in SEA including VisaCheckout and Master Card’s MasterPass.