Mr Leonid Musatov, Executive Director of Sistema Asia Group, and Mr Edward Tay, Chief Executive Officer of Sistema Asia Capital, paid a courtesy visit to the SMF.
On 8 January 2021, Mr Leonid Musatov, Executive Director of Sistema Asia Group, and Mr Edward Tay, Chief Executive Officer of Sistema Asia Capital, paid a courtesy visit to the SMF. SMF President Mr Douglas Foo warmly welcomed both leaders as they visit to understand the role of the SMF and the local manufacturing sector.
Mr Leonard Musatov ( third from left) and Mr Edward Tay ( first from left) paid a visit to the SMF.
During the visit, Mr Musatov shared how the Sistema Asia Group has supported businesses in developing their expertise and reduce financial risks globally. He also indicated that Sistema Asia Group is currently partnering with Enterprise Singapore (ESG) on the SG-tech innovation network to boost the tech economy in Singapore.
SMF President Mr Douglas Foo presenting a token of appreciation to Mr Leonard Musatov (middle) and Mr Edward Tay (left)
Mr Tay also introduced their venture capital arm, Sistema Asia Capital, which offers long-term growth opportunities for start-up companies and SMEs. In order to reach out to more companies to cement Singapore’s position as a business hub among ASEAN countries, the company is keen to explore collaborative opportunities with the SMF such as exchanging of business leads.
Mr Foo mentioned that the SMF could help bridge and link SMF member companies with Sistema Asia Group member companies from Russia, Europe, USA and India. This will help business to be diversified for growth opportunities.