PROPEL with Singlife has announced the appointment of Terry Chen as its new Chief Technology Officer (CTO). With over 18 years of experience in financial services, technology, and strategy consulting across ASEAN, Chen will lead the company’s technology strategy to enhance its platform capabilities. His focus will be on providing seamless, scalable solutions and a superior user experience for financial advisory (FA) firms.
Chen’s role will involve optimising operational efficiency and driving innovation to minimise inefficiencies faced by financial advisers. Steven Ong, CEO of PROPEL, expressed confidence in Chen’s abilities, stating, “Terry’s appointment reflects our commitment to delivering a best-in-class platform for financial advisory firms. His extensive experience in digital transformation and technology innovation will be instrumental in enhancing the PROPEL platform.”
Before joining PROPEL, Chen was a Principal at Boston Consulting Group, where he worked with top-tier organisations to drive digital transformation. His previous roles include senior positions at Accenture, where he partnered with leading financial institutions to deliver large-scale digital and technology transformation initiatives.
Chen expressed enthusiasm for his new role, stating, “I am thrilled to join in PROPEL’s pioneering mission to empower advisers to start and grow their own advisory firms. PROPEL’s platform has the potential to truly redefine how financial advisory firms operate.”
PROPEL was recently recognised as the ‘Insurtech Initiative of the Year – Singapore’ at the 10th Insurance Asia Awards, highlighting its rapid growth since its official launch in January. This appointment marks a significant step in PROPEL’s mission to support new and growing FA firms in a competitive market.
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