Thomas Ng Named Advisor of S$120M B Corp Championing Sustainable Succession

Genashtim’s Founder and CEO, Thomas Ng, has been appointed to the Advisory Board of AIC Group Holdings, a newly launched SGD 120 million B Corp holding company established by global investment group Arowana.
Based in Singapore, AIC Group Holdings offers a unique solution for B Corp founders and values-driven businesses: a clear pathway for succession and ownership transition. This model ensures that when founders exit the business, their enterprises continue to operate with the same unwavering mission, purpose, and B Corp ethos. Essentially, the model provides founders with the assurance that their legacy will endure.
Thomas joins forces with Andrew Kassoy, Co-founder and Co-chair of B Lab Global, the nonprofit organization behind the B Corp certification. Their combined experience and leadership will guide the holding company’s strategic direction and stewardship, initially focusing on the ASEAN region and gradually expanding into other developing markets across MENA and Latin America.
Arowana’s Founder and Chairman, Kevin Chin, expressed his enthusiasm, stating:
“I am honored those two luminaries of the B Corp movement, Andrew Kassoy and Thomas Ng, have agreed to join the Arowana holding company advisory board. Not only are they exceptional stewards, but they are also visionary entrepreneurs who have led the growth of impactful global businesses.”
Kevin and Thomas share a long-standing professional connection built on mutual respect and a shared commitment to inclusive and sustainable enterprises. Over the years, Kevin’s consistent dedication to the B Corp values deeply resonated with Thomas, motivating his participation in this important initiative.
Reflecting on the appointment, Thomas shared:
“Having known Kevin Chin for some time and witnessing his steadfast dedication to the B Corp mission, I’m delighted to join the advisory board. Across Genashtim’s operations in ASEAN, Africa, and Latin America, we see many purpose-led businesses that could greatly benefit from the Arowana B Corp holding company as an alternative for succession and ownership transition.”
We are confident that Thomas’s advisory role for AIC Group Holdings will bring deep insights into scaling sustainable, inclusive businesses in emerging economies. Truly, his appointment underscores a shared commitment to fostering enterprises that prioritize the triple bottom line of people, planet, and profit.
This appointment marks another significant step in Genashtim’s mission to champion purpose-driven business and contribute to the global advancement of sustainable enterprise.
About Arowana
Founded in 2007, Arowana is a global investment group and certified B Corporation, consistently ranked among the top B Corps worldwide. Their mission is to cultivate growth in people, companies, and value while maximizing the triple bottom line of people, planet, and profit. With operations and investments across Southeast Asia, the Middle East, Africa, Europe, and Oceania, Arowana focuses on developing economies with large, high-growth potential.
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