FEB Corporation Announces Management Transition to Drive Future Growth

FEB Corporation, has announced a management transition aimed at driving future growth. Mr Andrew Ling, the current CEO and co-founder of FEB, will be stepping back from his executive duties to focus on other emerging projects within the group. He will, however, continue to serve as an advisor to ensure a smooth management transition. As FEB’s clientele expands, the company is now actively searching for a new CEO who will lead the company into the next phase of growth.


With this transition, FEB will be managed by the Board of Directors, consisting of Chairman Shaun Ang and Andrew Ling as a board member with effect from April 19, 2023, The executive duties will be assumed by Shawn Lin, FEB Chief Operations Officer, and Enny Choy, FEB Deputy Chief Executive Officer.


Shaun Ang, Chairman of FEB, leverages his successful foresight in the FinTech industry, as evidenced by his ability to pivot during the 2017 financial crisis and his early recognition of the exponential growth potential of the disruptive shift in blockchain technology that will have an impact on the financial industry. In addition, he ventured into the field of AI-driven systems to facilitate minute-spread trading in the forex and options markets. His visionary approach also enabled him to curate the range of products and services that FEB offers, drawing on the potential of blockchain technology.


As FEB Corporation’s co-founder and current CEO, Andrew Ling’s expertise and leadership have been instrumental in driving the bank’s regulatory compliance, business growth, and shareholder returns. His strategic vision has resulted in FEB expanding its reach and establishing itself as the trusted transactional bank for businesses in Asia. Given his extensive experience and deep knowledge of the banking industry, Andrew’s addition to the board of directors would bring invaluable insights and guidance to steer FEB towards sustained success and growth.


As FEB’s Chief Operations Officer, Shawn Lin brings a wealth of experience in managing firms that are undergoing rapid expansion. Prior to joining FEB, he managed real estate assets worth over 120 million dollars globally, under private client agreements. At FEB, he is responsible for overseeing the bank’s daily operations, ensuring that the highest standards of excellence are maintained while also promoting profitable growth. With his extensive knowledge in operations management, Shawn has been instrumental in improving FEB’s efficiency and productivity.


Enny Choy’s extensive experience in corporate management brings a wealth of valuable expertise in strategic planning and business development to FEB. Her ability to comprehend complex concepts and translate them into practical solutions has proven to be instrumental in improving FEB’s operations. In light of the current CEO’s departure, Enny has taken on the role of Deputy CEO in the interim, demonstrating her capacity to lead the bank’s business development efforts. 


“FEB’s management transition reflects our commitment to empowering our clients and driving FEB forward. We are confident that the new leader will build on Andrew’s legacy and take FEB to new heights while continuing to provide innovative technology to help our clients grow their businesses. We thank Andrew for his years of service and look forward to his continued guidance as a board member.” said Shaun Ang, Chairman of FEB Corporation.


About FEB


FEB Corporation leverages cutting-edge Web3 and blockchain technologies to enhance our banking and payment solutions, ensuring the highest levels of security, speed, and efficiency for our clients.


FEB is dedicated to providing its clients with the resources they require to develop boldly in a new, fast-paced economy and to accelerate their adoption to meet the changing needs of customers and employees around the world.


Whether you are a small business or a large enterprise, FEB is committed to providing you with the tools and resources necessary to thrive in today’s dynamic business landscape. We are dedicated to supporting our clients as they pursue their goals and reach new heights of success.

For more information, please visit us at: www.finexteasternbank.com.

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Corporate Governance

Finext Eastern Bank’s compliance program is robustly designed to identify and control the risk of compliance failure that could result in financial and reputational damage to FEB or to meet and adhere to regulatory requirements and standards.
The role of Compliance is to identify, assess, advise on, communicate, monitor, and report on FEB’s compliance with regulatory requirements. Policies and procedures for effective compliance are based on the Offshore Banking Act 1996 of the Commonwealth of Dominica in addition to regulations found in (including subsequent amendments):
FEB takes regulatory compliance with paramount importance. Our robust measures and policies are reviewed quarterly and monitored to ensure FEB is a diligent and responsible member of the global financial services community.