Steve Monaghan is Chairman and CEO of GenLife, a Limited Partner and investment committee member in True Global Ventures, Vice Chairman of Borderless Healthcare Mobile China, Co-Chairman of HK HealthTech Association, a Board Member of Pulse Global and a private investor in Artificial Intelligence, Life Sciences, Healthtech and Fintech.
Originally a commercial pilot, Steve has held senior corporate and banking roles in product, marketing, operations, innovation and general management. He has worked for leading corporations and financial institutions including Dell, Compaq, Citigroup, OCBC, Shinsei, DBS Bank and AIA. Throughout his career, Steve has specialized in introducing new business models, businesses and products in all major markets in Asia and has filed 6 patents in FinTech.
Steve was on the start-up team for Dell Computer, introducing Dell’s consumer business to Asia. Later he developed and executed the branded manufacturing and retail model catapulting Compaq to number one in the Indian consumer market. In banking Steve developed and patented the first mobile payments platform for Citigroup, developed a Consumer Finance Division for OCBC and led the retail bank turnaround of Shinsei Bank in Japan growing revenues USD$500M, deposits 25% and improving net income by USD$100M during a nine-month transformation. As Chief Innovation Officer for DBS Bank, Steve drove the innovation agenda focused on Intelligence, Big Data and Social culminating in the $220+M investment of DBS in IBM Watson, DBS A*Star R&D Lab and Digital Banking.
At AIA Steve and the Edge team built Asia and Oceania’s leading corporate Accelerator, became the first Insurance company to join R3 blockchain consortium, pioneered Digital Health in Asia and initiated the company’s journey into Artificial Intelligence. Steve created Gen.Life, a Silicon Valley based start-up in which AIA became the lead investor, to create an R&D capability for Insurers around the world in Artificial Intelligence and Blockchain.
Steve is a frequent presenter, author and lecturer around the world on subjects including innovation, banking, insurance, working capital, M&A, artificial intelligence and investing. He currently serves on the advisory boards of Intel and Veritas Genetics. Steve holds an EMBA with ‘first in class academic standing’ from the Helsinki School of Economics and has attended senior leadership courses at IMD and Wharton.