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Grab’s head of wealth management to step down

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Chandrima Das, who joined Grab a year ago, will step down for personal reasons

Grab wealth management head Chandrima Das will leave the company for personal reasons, media reports said. She joined Grab a year ago when the robo advisory startup she founded was acquired by Grab to expand into wealth management. Bento was later rebranded as GrabInvest. The move allowed Grab to offer retail wealth management services to users, driver and merchant partners through the Grab app.

Back then, Reuben Lai, Senior Managing Director of Grab Financial Group told the media, “In Southeast Asia, there is a lack of access to affordable wealth management products and retirement planning solutions for most people. As we face an increasingly volatile and uncertain economic environment, it is imperative for Southeast Asians to acquire the tools and knowledge to protect their future by sustainably building wealth for themselves and their families. The launch of GrabInvest brings us a step closer to democratising access to affordable financial solutions that will help them achieve the financial stability they need well into their retirement years.”

Prior to setting up Bento, Chandrima was a Managing Director in the Bank of Singapore. It is also reported that Huey Tyng, the head of Grab’s payments business will step down from her role along with Das.

The Singapore-based ride-hailing and food delivery giant is also mulling listing its shares in the US. The pricing, size and timing of the deal are yet to be determined. It is estimated that Grab’s IPO could be the largest market debut ever made by a Southeast Asian company on a foreign exchange.

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