6:00-7:30 pm Singapore, Kuala Lumpur, Beijing, Hong Kong
7:00-8:30 pm Seoul, Tokyo
5:00-6:30 pm Jakarta
3:30-5:00 pm Delhi
11:00 am-12:30 pm London
Presented by Alumni Club of Malaysia.
Digitization is rapidly reshaping industries across the globe, and company leaders are using corporate venture capital and other venturing tools to gain access to new technologies and accelerate innovation. As such, corporate venturing is becoming a well-established corporate development activity.
Although it has matured significantly, there is still much room for improvement:
1. Scaling startups faster and evaluating potential acquisitions
Some senior leaders question the value of CVC investments because most fail to deliver significant short-term revenue. CVC units can address this by helping startups scale their businesses faster and by assisting their companies evaluate M&A targets.
2. Integrating corporate venturing into the corporate framework
To be effective, corporate venturing needs to be incorporated into the overall innovation approach and capital allocation process.
3. Using venturing activities to accelerate a digital transformation
Few companies have yet to capitalize on a CVC unit's startup partnerships to accelerate a digital transformation; more should do so to facilitate their own digital transformation and get more bang for their CVC buck.
[Source: How the Best Corporate Venturers Keep Getting Better, The Boston Consulting Group]
- How do you see digital disruptions playing in financial services?
- There are multiple ways corporates have employed over the years to keep up with technological disruptions in the business models, ranging from corporate venture capital to venture building passing through incubators and accelerators, and M&A. How has been your experience with these different approaches? What are the key challenges?
- What is a corporate venture fund and what best practices differentiate the top players in this area? What is the process to evaluate potential acquisitions?
- Corporates and startups have complementary assets. How does corporate venture building bring the best of both worlds together?
Scaling up a startup is not easy. There is a huge difference between building a unicorn of building a USD 10 million-dollar company? What are the best practices in scaling up startups?
- How can corporates best integrate corporate venturing into the corporate framework and use it to accelerate a digital transformation in their core business?
Domenic FUDA, ADP '14 (Speaker)
Group Managing Director and Chief Executive Officer, Hong Leong Bank Berhad
Domenic Fuda was appointed as the Group Managing Director and Chief Executive Officer of Hong Leong Bank Berhad ("HLB") in February 2016. He is also a Council Member of AICB and The Association of Banks in Malaysia.
Prior to HLB, Domenic was the Managing Director and Deputy Group Head of Consumer Banking & Wealth Management at DBS Bank and was a member of the DBS Group Management Committee, where he was responsible for driving business growth and digitization of the business across its six regional markets. He was also on the Boards of AXS (Singapore) Pte Ltd, DBS Compass Limited (Hong Kong) and NETS (Singapore) Pte Ltd. Prior to joining DBS Bank, Domenic spent 16 years at Citigroup covering various senior roles in Australia and Asia.
Domenic holds a Bachelor of Economics from Macquarie University, Sydney, as well as a Master of Business (Banking & Finance) and MBA, both from University of Technology, Sydney. Domenic is a Chartered Banker of the Asian Institute of Chartered Bankers ("AICB").
Mohd Khairil ABDULLAH (Speaker)
CEO, Axiata Digital Services
Khairil was appointed CEO of Axiata Digital in 2014. He joined the group as Group Chief Marketing & Operations Officer in 2012. He leads Axiata Digital's investments and operations overseeing multiple portfolios within the company.
Previously, Khairil was a Partner at Bain & Co. Inc – one of the world's leading management consulting firms, where he remained for more than 15 years of his professional career. He has built a strong track record in advising global leaders in various industries on their most critical issues and opportunities.
Khairil holds a BA, MA (Engineering) and MEng from the University of Cambridge, U.K. as well as an MBA from INSEAD, France.
Mario AQUINO (Speaker) '99
Founder & Managing Partner of FutureLabs Ventures, a distinctive VC and tech venture builder focused on B2B digital & advanced analytics opportunities in late series A/series B stage. Former Partner of McKinsey Ventures, and founder of McKinsey Solutions in Asia-Pacific (McKinsey's corporate VC & innovation groups). Spent 20+ years in the digital & advanced analytics space across Asia, Europe and US as an advisor to tech companies and PE funds, entrepreneur, executive of analytics companies and ultimately as an investor. Core expert on Fintech, Cybersecurity, Artificial Intelligence and Advanced Analytics.
Invested in and helped scale 10+ innovative "new tech" companies to become global leaders in their fields; developed extensive network in the innovation ecosystem (start-ups, accelerators, VCs, Growth PE firms) with focus on AI, advanced analytics, Fintech, cybersecurity.
Passionate about helping large organizations collaborate with smaller start-ups to capture real economic value from innovation. Particularly excited to help build an ecosystem where large organizations and entrepreneurs work together to create new businesses and deliver benefits at-scale to consumers and societies.
Rob SEWELL (Speaker)
Chief Digital & Transformation Officer, Maxis
Rob leads the Digital and Transformation team which drives key strategic initiatives for Maxis, champions Innovation and Agility across the business and guides the organization in pursuit of Digital and Analytics ambitions.
Rob joined Maxis in August 2018 as the Head of Corporate Strategy and was appointed to the Chief Digital and Transformation Officer role in May 2019. He has over 25 years of experience in the telecommunications industry, with experience in 'incumbent' as well as 'challenger' operators leading strategy, delivery and operations. Before Maxis, Rob worked in India for many years, and prior to that with Telstra Australia. His career started in R&D, and he remains passionate about innovation as a driver of expanding capability, motivating teams, and creating new value.
Pedro URIA RECIO (Moderator) '11
Group Head of Analytics & AI, Axiata Group Berhad
Executive digital marketing professional with over 15 years of global experience in data-driven marketing, digital businesses, analytics, and AI, spanning across technology, telecom, and financial services. P&L responsibility for quantitative marketing. Multifaceted, resourceful and versatile former McKinsey consultant. Gifted in creating and coaching high-performing teams of digital developers, marketing specialists and data scientists across multiple countries and cultures. Brave, creative and well-balanced between forward-looking marketing strategy and hands-on digital transformation. Chicago Booth MBA and certified machine-learning professional with a track record of bridging the gap between business objectives and technology. Committed technology author and international keynote speaker. In private, a business angel.