Indonesian fintech KoinWorks has appointed former ABN AMRO Bank executive Frank Van Deur as chief financial officer. Meanwhile, Meta’s senior vice president of product design and innovation announced her departure from the company.
KoinWorks Appoints Banking Expert as CFO
KoinWorks, an Indonesia-based fintech, has appointed Frank Van Deur as CFO to help expand the company’s neobank.
Van Deur, who has over 20 years of banking experience across all regions, spent over ten years at ABN AMRO Bank before joining KoinWorks. In his new role, Van Deur will oversee KoinWorks’ finances while developing funding and forecasting strategies for the business.
“As KoinWorks develops a broader ecosystem for MSMEs, I am committed to sharing my knowledge and contributing my capabilities for the success of these crucial efforts,” Van Deur said in a statement.
KoinWorks, which started as a peer-to-peer lender, rose to prominence as a neobank in cooperation with lenders such as PT Bank Sahabat Sampoerna. The company offers loans, payments and financial reports for small businesses and freelancers.
Based in Jakarta, KoinWorks has a holding company in Singapore and technical offices in Yogyakarta, New Delhi and Ho Chi Minh City.
Meta’s Head of Product Design Steps Down
Margaret Steward, vice president of product design and responsible innovation for Meta Platforms, announced her resignation in November this year after spending more than a decade with the company.
Stewart was responsible for founding and growing the company’s responsible innovation efforts that address potential harm to society in everything the company builds. Prior to that, Steward worked on other initiatives including Facebook’s business from the ground up and shaped its mobile monetization strategy.
In a Facebook post early Friday, Stewart shared a few things she learned during her tenure, including embracing realism in technology, empowering a diverse set of abilities and perspectives, culture resilience and setting boundaries.
Stewart said she has yet to decide what she will do next.
“I haven’t quite figured out what I’ll do next, but I know it will at least in part involve continuing to focus on responsible innovation, perhaps teaching, writing and advising businesses. startups on how to embed these concepts and practices into the DNA of their organizational cultures,” she said in the post.