He brings over 25 years of leadership experience in the financial services, logistics and food services industries.
Grab has appointed Alex Hungate as chief operating officer, based in Singapore, according to an announcement on Tuesday. Reporting to group CEO Anthony Tan, Hungate will oversee Grab’s mobility, deliveries and financial services businesses, as well as Grab’s marketing and user support functions.
Hungate joins from food services company Sats, where he was president and CEO for eight years. He previously spent six years at HSBC, and held the role of CEO of HSBC Singapore, and group managing director of personal financial services and marketing, based in London. He was also held senior roles at Reuters in Hong Kong and New York.
He also serves on the board of the Singapore Economic Development Board (EDB) and was a non-executive director of UOB Group
for four years before he joined Grab.
Banking Ambitions
Founded in 2012, Grab, which started out as a ride-hailing service, now encompasses deliveries, mobility and financial services verticals. The company holds a digital banking license in Singapore. The company is present in 465 cities in eight countries in the Southeast Asia region.
The company was listed in December 2021 in New York via SPAC, in which Grab raised $4.5 billion, and was valued at nearly $40 billion.
