Hugosave Taps Karl Franks as COO to Expand Asia Footprintby Fintech News Singapore June 27, 2023
Singapore-based wealth and savings app Hugosave announced that it has appointed Karl Franks as its new COO to drive its strategic growth initiatives in Singapore and Asia Pacific. Karl will also oversee the day-to-day operations and enhance its effectiveness.
With over 20 years of leadership experience including 15 years gained within the financial services industry, Karl has led the delivery of strategic business management and major transformational programmes across banking divisions and consulting for major financial institutions.
Before joining Hugosave, Karl was the Chief of Staff to the Asia Pacific COO at UBS Wealth Management Singapore, where he oversaw the company’s regional business strategy and led the merger of the wealth institution’s COO office and operational team.
Prior to that, he had also held leadership roles in consulting and change portfolio management with Deloitte Consulting and Deutsche Bank in Singapore and London.
Licensed by the Monetary Authority of Singapore (MAS) in 2022, Hugosave is an all-in-one personal digital account that helps consumers to spend smarter, save more and invest diligently, starting with physical gold.
“Karl brings decades of experience in business transformation, change portfolio, risk management and scaling businesses for regional growth.
As we look to expand our investment offerings for users later this year and expand our footprint in Asia, Karl’s extensive leadership experience will be instrumental in propelling Hugosave to greater heights and helping more people achieve Wealthcare.”
said David Fergusson, CEO of Hugosave.
“Hugosave has experienced phenomenal growth since its launch in 2021. We now have more than 65,000 clients in Singapore who have made Hugosave a part of their journey towards financial well-being by spending, saving and investing more effectively through the Wealthcare app.
I am excited to join the team as we enter the next chapter of growth and bring onboard more product offerings to help everyone and anyone achieve Wealthcare through a single platform,”
said Karl Franks, Chief Operating Officer of Hugosave.