TransferTo, a B2B mobile payment network has appointed Lee Kheng Nam to its Board of Directors, to enhance the company’s online security expertise. Lee, a Venture Partner at GGV Capital, has many years of online security experience, with particular expertise in the mobile sector.

Lee has sat on a number of boards for companies such as InsideSecure and Gemplus (now Gemalto), and currently serves as Deputy Chairman of Vertex Venture Holdings, subsidiary of Temasek Holdings.  He is also a Venture Partner of GGV Capital.

Previously, Lee was General Manager and subsequently President of Vertex Management Pte Ltd and executive Director of VVH.  Prior to this, he worked at the NatSteel group of companies as the Manager of the Project Development Department and the Ministry of National Development where he was Deputy Director of Planning.

Lee is a director of Creative Technology, a public-listed company in Singapore.  He is also Chairman of Heptagon Micro Optics Pte Ltd. Lee formerly served on the boards of Centillium Communications, Chartered Semiconductor Manufacturing, GRIC Communications, ActivCard Corp, Gemplus International S.A. and Inside Contactless.

TransferTo’s Mobile Money Hub provides a dedicated, scalable and fully compliant solution that connects Financial Institutions and Mobile Operators globally. Licensed by the FCA in the UK, the hub assists these institutions with interoperability issues, while also adding another layer of compliance - something these companies have to navigate in many different territories.

Eric Barbier, CEO of TransferTo, said: “We are excited to be working with Lee and to welcome him to the TransferTo board. Lee brings a wealth of valuable experience in mobile and online security technology to TransferTo, having sat on the boards of a number of large, global technology companies. His online security expertise will be particularly valuable to TransferTo, as we grow our Mobile Money business globally.”