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started by R3 a year back. The first two tranches were completed successfully and $107 million was raised from more than 40 fintech companies, including SBI Holdings Inc., Bank of America Corp., HSBC Holdings Plc., Temasek Holdings, and Intel Corp. Apart from CLS, OUE, a Singapore-based real-estate firm, and TIS, a Japanese IT service provider, also invested $5 million each in the third stage of the fund raising program.
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It’s not known who will take over from Morrison, but just two years ago the SKYCITY Entertainment Group chief executive namechecked chief financial officer, James Burrell, as a potential successor.
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