This follows the appointment of Vincent Tong as CEO of iFast Financial in early March.

iFast Corporation has appointed a new group chief financial officer, Lin Weide Terence, to replace Lim Kian Thong who is reaching retirement age, according to a bourse filing on March 27. 

Lin’s new appointment will take effect from April 1, while Lim will take on new responsibilities in the group. 

iFast notes that the change in group CFO is part of its long-term succession planning. 

In early March, iFast appointed Vincent Tong as CEO for its Singapore subsidiary iFast Financial. 

The group’s CEO and chairman Lim Chung Chun, who had been concurrently serving as CEO of iFast Financial, relinquished his role to Tong as the group “continues to expand and scale its operations”. 

Lin, the incoming group CFO, first joined iFast in 2015 as a regional research manager. He was most recently the group finance director of iFast. 

Shares in iFast closed 7 cents higher or 0.948% up at $7.45 on March 27.