Road to IPO: GoTo appoints former OneConnect executive as CFO

INDONESIAN tech company GoTo Group has named Jacky Lo, a former executive of OneConnect Financial Technology, as its new chief financial officer (CFO), as it guns for a public listing.

Mr Lo was previously CFO of OneConnect, an affiliate of China's Ping An Insurance, where he led the company's 2019 New York listing. Prior to that, he was CFO and treasurer of Yum China Holdings, where he managed a finance team of over 600 staff and led the New York listing in 2016.

Mr Lo had also worked at Ernst & Young for 15 years, including as a partner and deputy director in the Asia Pacific Capital Markets Center.

In building up its executive group, GoTo recognised that it needs a CFO with "hard-earned expertise and skills to support our long-term growth plans", said chief executive Andre Soelistyo.

"Jacky's proven track record in strategic thinking and building financial functions for high-growth companies, makes him the ideal partner to join our leadership team as we look to execute our next phase of development and accelerate growth on our path to becoming a listed company," he added.

In his new role, Mr Lo will lead the company's finance function and teams across all areas including tax, treasury, financial planning, accounting and procurement.

"My focus over the next few weeks and months will be building the foundation and financial capabilities to support an evolving business that is increasingly becoming more global and diverse," he said.