Singapore – Advertising agency Forsman & Bodenfors in Singapore has appointed Deborah Abraham, former director of communications at creative agency TBWA\ Group Singapore, to be its new director of PR strategy and communications

Abrahan is a former journalist turned communications professional with over 20 years of experience in the APAC, where she has played a key role in securing high-profile visibility for both agency and clients. Aside from her previous role in TBWA\ Singapore, Abraham has also worked as the regional communications director at creative firm BBH Asia Pacific. 

The integrated role will see Abraham as an active strategic PR counsel across both the agency’s internal communications and client work.

Commenting on her appointment, Abraham said, “Forsman & Bodenfors appreciation of an integrated PR approach to creative communications is critical to the cultural and business impact we’d like to make, and to be able to fully utilize my potential here is the best opportunity I could ask for.”

Susanna Fagring, Forsman & Bodenfors’ CEO for Singapore, noted that a fundamental understanding of the power of PR and how to start conversations in society is part of Forsman & Bodenfors’ core offering and an intimate part of our creative process. 

“Deborah’s solid experience and reputation in this market make her a fantastic addition to our team,” said Fagring.

Singapore – With the global community growing more and more digital by the day, CUE Group, the digital technology group that boosts the digital development of enterprises, industries, and governments by using innovative technologies such as big data and AI, has announced an investment in digital brand agency Bonsey Jaden Group, further enhancing their expansion across Asia and the United States. 

Bonsey Jaden specializes in partnering with clients to develop world-class digital brand experiences with a focus on building #Powerbrands, having worked with global names such as Cetaphil, Microsoft, and Starbucks, as well as Singapore Tourism Board, and Facebook. It has a presence in Singapore, Malaysia, Thailand, the Philippines, and Indonesia, as well as Vietnam, and Australia.

The partnership aims to open up opportunities to help brands reach new levels of success and profitability by combining the strategic, creative, and media expertise of Bonsey Jaden with CUE Group’s wealth of technological know-how enables stronger support and increased innovation for the brands.

Moreover, CUE Group will be taking its place as Bonsey Jaden’s majority shareholder while keeping the leadership and management structure of the agency unchanged, making it easier for both groups to become industry leaders in the rapidly progressing world of digital branding. 

Shi Kan, CUE Group’s CEO, commented, “This partnership is very exciting with opportunities appearing all over the world, this relationship will be mutually beneficial and will grow our portfolios in the digital technology realm together.” 

Meanwhile, Daniel Posavac, the group CEO of Bonsey Jaden, shared that the ambition and vision of CUE Group are both really exciting, and complement the roadmap they have been developing for Bonsey Jaden’s future.

“We look forward to working together with CUE Group to integrate our products and services, while further expanding our ability to add value to more clients and partners across a greater number of markets,” said Posavac.

Singapore – Creative agency Superson has teamed up with sustainability consultant and author John Grant to launch a new sustainability marketing capability in Singapore. The agency said the new capability comes at the back of studying the success factors of companies that have made sustainability the heart of their brand.

Grant is the author of the 2007-published book, The Green Marketing Manifesto, and its sequel, Greener Marketing, which was just launched in 2020. His books teach marketers how to employ ‘green marketing’ which is unlearning unsustainable commercial practices in marketing to make way for more sustainable methods.

In partnership with Grant, the new sustainability marketing practice is dubbed as the ‘CUSP’ framework, which stands for Compelling Unique Sustainability Proposition. CUSP is defined as a systematic approach that brings sustainability and branding together, and Superson expects it to work for companies that have an innovation agenda or companies looking to integrate sustainability and responsibility into their brand story.

The agency said that while companies have tried to communicate their sustainability efforts more in recent years, it still tends to be a standalone effort separated from their overall brand communications. Superson attributes this to the lack of a comprehensive framework to start thinking about sustainability as part of the brand.

“The key to successful sustainability positioning is having a strong sustainability program, that’s a must. However, even when foundations are in place, positioning a company’s sustainability efforts as something that makes a difference in your consumers’ lives can be difficult,” said Antti Toivonen, managing partner of Superson Singapore.

Toivonen added, “After working together on a number of projects on sustainability communications, we decided to formalize the CUSP framework we have developed with John and provide this solution more widely to the region.”

With the new framework, Superson said that clients can expect to discover a compelling proposition and a well-communicated brand story deeply rooted in their own sustainability program.

The agency said that Grant has been the perfect partner to team up with as aside from being a leading author on the subject, his extensive track record on the subject boasts an in-depth study of more than 400 case studies and working relationships with MNCs and start-up clients. 

“After working with Superson for nearly a decade, developing the CUSP framework was a natural next step in our working relationship. I look forward to working more closely with clients in Southeast Asia who take sustainability seriously and want to take their communications to the next level,” said Grant.

To mark the launch, an e-book outlining their new sustainability framework, CUSP, has been made available for download on Superson’s website. 

Singapore – StashAway, the intelligent wealth management platform designed to build and protect users’ wealth, has just announced the launch of its Thematic Portfolios, which include three themes namely ‘Technology Enablers’, ‘The Future of Consumer Tech’, and ‘Healthcare Innovation’.

The new portfolios feature exchange-traded funds (ETFs) from some of the world’s top fund managers, including ARK Invest, iShares, and Global X, as well as VanEck.

The ‘Technology Enablers’ includes sub themes such as AI, blockchain, and cloud computing, as well as robotics, and semiconductors, which is the technology that consumers do not see but it enables new technologies to transform the world, while ‘The Future of Consumer Technology’ invests in technology that everyday consumers use, such as e-commerce, fintech, gaming, and internet, as well as mobility, and social media.

And lastly, the ‘Healthcare Innovation’ portfolio is investing in the technologies that cannot only improve but even change the way people stay healthy, get treatment, and recover. It gives investors exposure to biotech, genomics, and pharmaceuticals, such as smart beds and software used for genome sequencing.

Freddy Lim, StashAway’s co-founder and CIO, noted that this gives investors access to thematic investing without the risk inherent with thematic investing, and the remaining non-thematic assets in a portfolio are there to manage risk. 

“We call these non-thematic assets ‘balancing assets’, and their role in our Thematic Portfolios is just as important as the thematic assets,” said Lim.

Meanwhile, Amanda Ong, the country manager of StashAway Singapore, commented that they are excited to offer new investment opportunities to the clients.

“The promising innovations that make up these portfolios take time to reach mass adoption. So, it’s important for investors to have a long-term mindset when investing in Thematic Portfolios,” said Ong.

StashAway said that its Thematic Portfolios are different from any other thematic offering available to both retail and institutional investors. Its risk management feature includes investors select the downside they are willing to accept in a given year, and the platform maximizes the thematic exposure as much as possible within the risk constraints.

Singapore – The global mass media and entertainment giant, WarnerMedia, has announced the opening of its new regional hub for Asia in Singapore, which is dedicated for markets in Asia except China and Japan. 

WarnerMedia’s new hub, which was officially opened on September 24, 2021 by Singapore’s Minister for Communications and Information (MCI) Josephine Teo, signals the full integration of its businesses in the region that includes Warner Bros., HBO, and Turner brands. It also houses the new streaming platform HBO Max, which is expected to launch in its first Asian markets in the future.

The new office is a sprawling 40,000 sq ft across two floors at Solaris in Fusionopolis, the city state’s media and tech business park. The modern space was designed by Singapore firm ID21 and incorporates a post-COVID and flexible work environment inspired by an ‘Activity Based Work’ strategy.

https://vimeo.com/613699419

Clement Schwebig, WarnerMedia’s managing director for India, Southeast Asia, and Korea, believes that the new flagship office is more than just a new workspace, as it brings together the most incredible parts of their diverse business – from Harry Potter’s Wizarding World to Looney Tunes, Game of Thrones and Wonder Woman – under one roof for the first time.

“Here in Singapore, we have long supported a sizable ecosystem for the entertainment, broadcast, production, and licensing industries. From our new Singapore hub, we will continue with our ambitious plans for the region,” said Schwebig.

Moreover, WarnerMedia expects to substantially increase additional roles in Singapore in the coming years, including those in the technology field as the company increases focus on its direct-to-consumer streaming business led by Amit Malhotra, the managing director of HBO Max for Southeast Asia, India, and Korea.

“As we get ready to launch HBO Max in our first Asian markets, we’ll build on WarnerMedia’s legacy of incredible stories and introduce a brand-new streaming experience for our fans in the region. Our new office space in Singapore as a regional HQ will be the perfect backdrop for the innovative work to be done in the lead-up to our launch,” said Malhotra.

Meanwhile, on a tour of the office, Minister Teo also met with young Singaporean employees, who discussed their early experiences in the media industry. Joining her on the tour was Lew Chuen Hong, the CEO of Infocomm Media Development Authority of Singapore (IMDA).

Hong commented, “We are excited that Singapore is home to WarnerMedia’s new Asian Hub. There is tremendous potential in this region, and the new Hub signals the central role that Singapore plays in WarnerMedia’s expansion plans.”

Singapore – Grey Group Singapore’s latest account win is a multi-client approval to create a new Singapore-based sustainability youth incubator. In its development, the agency will be partnering with top organizations for sustainability – organization for wildlife conservation and endangered species, World Wildlife Fund, (WWF); Temasek foundation, the state sovereign fund’s non-profit organization (NPO), and Green Is The New Black, media and events platform for sustainability.

The incubator will host a series of masterclasses and boot camps as well as a 6-month mentorship program to inspire and support the next generation of sustainability doers and creators. The initiative has already started and delivered masterclasses with top speakers from Project Drawdown, an NPO for climate solutions, and abillion, a discovery platform for vegan food and products, among other companies

The movement is called ‘We Got This’ and is currently recruiting boot camp applicants.

Lim Hock Chuan, chief executive of Temasek Foundation Liveability, said that the youth today embrace global sustainability issues and digital conversations and that there is a skills gap that needed to be bridged in sustainability advocacy among them.

“Temasek Foundation is happy to be part of the team to bring together like-minded partners to launch #WeGotThis, with a focus on helping our youths to do, try, test, speak up, and build small wins one upon another,” said Lim Hock Chuan.

Konstantin Popovic, CEO of Grey Singapore Group, remarked on the next generation of marketers, “We are welcoming people from all walks of life, and that includes the next generation of marketers. Whether you are in university, an intern or just starting your marketing career – if any aspect of sustainability is your passion, we want you to join.”

The project is working with partners and mentors to identify 50 youth in Singapore and South Korea to launch their own sustainability movement. Support will be provided to young people selected through an intensive boot camp application process in understanding how to use digital media platforms available to talk about sustainability, understanding issues better, and increasing a change towards a more positive future.

The agency’s Executive Creative Director Aaron Phua added, “Our movement is deliberately positive, non-accusatory and truly looking for young (and young at heart) problem-solvers who deserve our support.”

Singapore – Singapore’s multicurrency e-wallet YouTrip revealed in a press announcement that it will be undergoing a brand rehaul, slated for early 2022. 

The advanced announcement comes as the fintech unveils its plans to establish an innovation lab in Singapore to fast-track its technology capabilities and product development. The fintech shared that the new lab will see its workforce double by 2022 which will be crucial in driving the development of a new suite of multicurrency products including the new brand identity. 

YouTrip’s brand proposition is to offer the best mobile financial services by simplifying foreign currency payments and offering the best exchange rates. With the new branding, the fintech aims to reflect its transformation from a travel wallet to a broader digital payments app that drives its mission of simplifying multicurrency spending. 

Together with a new brand debut, YouTrip will also be redesigned with new features such as a virtual card, an interactive exchange rates dashboard, and also YouTrip exclusive deals, as well as the ability to hold more popular currencies in the wallet.

YouTrip also revealed the launch of another product YouTrip Business, likewise to be released in early 2022. 

YouTrip Business is a new multicurrency corporate credit card aimed at helping companies of all sizes save money and time on cross-border payments. Compared to the consumer product, the new business card promises higher spending limits while transacting at the best exchange rates in over currencies, with credit terms offered to selected business account users. YouTrip Business will also enable companies to issue multicurrency cards to employees. 

Caecilia Chu, co-founder and CEO of YouTrip, commented that despite the travel standstill, there has been continued significant growth in overseas online spending which underscores the importance of cross-border payments for consumers and businesses.

According to YouTrip’s own cross-border e-commerce study for 2021, there has been an 84% year-on-year increase in online overseas purchases by Singaporean users from the period of July 2020 to June 2021.

Chu said, “With this shift in spending, our advancement in innovation to offer a wider suite of multicurrency is timely, and drives our goal of elevating the cross-border payment experience for our users in Singapore and the region. We are incredibly excited to embark on this next phase of our business growth and Singapore’s developed tech ecosystem provides the conducive conditions to propel this forward.”

She adds, “Singapore is a special place to us, being the first market where we introduced YouTrip to the world…we look forward to driving the next generation of cross-border payment innovations, and to help build a stronger pipeline of talents that will fortify Singapore’s position as a global fintech hub.”

Singapore – Tech PR agency Bud Communications has been awarded the public relations account of TPG Telecom in Singapore, following a four-month competitive pitch.

Through the appointment, Bud Communications will be responsible for helping set up influencer engagement, communication strategy, and brand campaigns on TPG Telecoms’ behalf. The agency will report to Crystal Sim, who joined TPG Telecom as marketing communication manager earlier this year, and Richard Tan, TPG Telecom’s CEO.

“We were looking for a communications partner that understands the lightning-speed of innovation and disruption in the telecoms space, whilst bringing fresh thinking to the fore. Bud was chosen due to their passion, appetite for fresh thinking, and experience in this area, and we look forward to our future partnership,” Tan stated.

The telco represents a new wave of growth for the integrated communications agency as it doubled down its efforts in the technology space since the pandemic.

Meanwhile, Oliver Budgen, founder and managing director at Bud Communications, commented, “TPG Telecom has already made an impressive start in Singapore, bringing together its world-class innovation and customer focus to challenge the competition. The pace of disruption, the variety of challenges and opportunities emerging in the telco space makes this a fascinating time to be representing them.”

Bud Comms has been winning multiple accounts since last year, which includes OTT-revenue management platform Evergent, electronics e-commerce company RS Components, entertainment marketing agency Culture Group, media intelligence company CARMA ASIA, and cybersecurity firm, White Ops, now known as HUMAN.

Singapore – As the national government is easing down border restrictions related to COVID-19, local businesses in Singapore are finding new ways to bounce back and generate positive momentum. One of these factors is the significant rise of the Chinese expat demographic, who are seen as a factor these local brands can bank on in terms of purchasing power, a survey conducted by AI marketing platform EternityX shows.

Around 52% of the affluent respondents noted that they have spent an average of more than S$1,000 per month on luxury or beauty goods, 19% of which even spent an average of more than S$5,000 – a sum typically equivalent to buying a small shoulder bag from a luxury fashion house or a diamond ring from a high-end jeweler.

Furthermore, regardless of the complicated cross-border logistics, more affluent Chinese expats prefer shopping on Chinese online marketplaces including JD.com, Tmall, Taobao, and Pinduoduo rather than local and regional ones such as Shopee and Lazada.

The survey also found that most Chinese expats have been easing back into their pre-pandemic life; as 63% of respondents said that they have been spending more this year than they had in 2020.

“During the lockdown, we’ve seen brands shifting their focus to new consumer demographics within the territory, and Chinese expats are believed to be an important segment to aid consumption growth, now and into the future,” said Richard Andrew, managing director for Southeast Asia and Australia at EternityX.

In terms of making investments, about three-quarters of the affluent agreed that digital resources, including search engines (80%) and social media (73%), play important roles when they make investment decisions. In addition, 33% of the affluent Chinese expats plan on saving and investing 16% to 30% of their annual income, with stocks and bonds, insurance, and real estate being the top 3 investment options, indicating great untapped opportunities for financial institutions.

Lastly, in terms of media consumption, while over 71% of the respondents have lived in Singapore for over 10 years, Chinese expats still heavily utilize Chinese media platforms, with iQiyi, Douyin and Sina being the most influential platforms when it comes to their spending decisions; while WeChat, Toutiao and Sina News are their primary Chinese media channels for breaking financial news.

Media consumption plays a huge role on the purchasing behavior of these expats, as the survey shows that despite many of the respondents speaking English at home, 77% still tend to purchase brands that advertise in Chinese on a Chinese media channel. The survey reveals as well that campaigns running on Chinese digital platforms in simplified Chinese drive higher engagement and generate more leads with Chinese expats living overseas. This shows the power of communicating in a customer’s native language and the diversity of the platforms that can provide enhanced interaction with Chinese expats.

For Andrew, their latest data has shown that it can take up to 30 steps for a customer to make their purchase decision; the more expensive the products, the more steps the customers need.

“This survey reveals the unique ways in which Chinese expats spend their disposable income and consume media, which sheds light on how brands and businesses should tailor a personalized approach that best connects with their target customers. Demographics matter and therefore brands should embrace technology and innovative digital solutions that precisely target one of Singapore’s wealthiest segments [Chinese expats] in order to maximize the effectiveness of advertising campaigns,” he stated.

For this episode of MARKETECH Mondays, our feature showcasing marketing leaders’ career journey to inspire the next generation of marketers, we sat down with Royson Poh, the deputy director for corporate communications of the Singapore Institute of Technology (SIT). Royson has held the position since 2018 and no one would have imagined that with such an esteemed role in communications, Royson actually had his start as a credit analyst at a credit bureau.

The turning point was when within the said analyst job, a supervisor had challenged Royson to take on a responsibility meant for sales which became the spark for him to transition beyond his initial chosen profession. 

Since then, Royson forayed to roles in business development, and for his very first marketing position, he managed the advocacy & outreach efforts of the Society for the Physically Disabled (SPD) in Singapore. Today at SIT, Royson helms the corporate communications department where he watches over the university’s brand research, web, and social media efforts.

Watch the full interview with Royson on our YouTube channel

Royson’s very first campaign

Royson cut his teeth in campaign management when he was working at SPD. His very first campaign was a national IT literacy program for persons with disabilities with Singapore’s Infocomm Accessibility Centre. 

The campaign’s objective was to drive awareness and registrations for the said national IT training program. Royson shares that this was right at the point where Facebook had just become part of the marketing mix. 

I recall creating my own FB account, testing posts, and figuring out how I could use Facebook to achieve my campaign objectives.

On first marketing campaign

Fast forward to today where digital is now held at a premium, Royson’s leadership at SIT includes heading the school’s web communications and social media efforts. Royson shares in the MARKETECH Mondays interview that he sees his current role as becoming an advocate for digital media, serving as the middle man between on-the-ground social media specialists and senior management. 

“The leadership of the university is typically [going to] be a little bit more senior, [and] they may not be that familiar with social media and digital channels; so for me, I am the middle man working with the folks on the ground who know the channel and the technology [as well as] the agencies who are the specialists, and then kind [of] lobbying for that support or rationalizing with management and getting the buy-in,” shared Royson.

Royson entered SIT in 2014 and was first the assistant director for corporate communications prior to being elevated to the deputy director role. As assistant director, Royson was already responsible for the university’s online branding, communications, and reputation across web and social media. Meanwhile, rising through the ranks, the higher directorial position had him delivering the university’s first digital-led brand campaign which was conceptualized to address specific insights from brand research.

How a banking background helped Royson transition to marketing 

Royson admits that although quite distant, having had his beginning as a credit analyst served as a big help in helping him understand the demands of a marketing job, which has now grown to include data, analytics, and measurement at its heart. 

“[Like] many students, I studied what I was good at, and I was good with numbers. And so I took a banking major, and started working in the finance industry,” shared Royson. 

Obviously now speaking with more expertise and deep insight into the industry, Royson said that while marketing used to be a very subjective field, data has now become a very important part of marketing now involving analytics, web traffic, and social media metrics. 

I think for the young people who are entering the industry and the digital age, they will never realize that marketing used to be a very subjective field. You had a lot of creative types, people working with designs…but that has slowly gone away. I mean that is still a skill set that you need, but data has become very very important.

On how marketing has moved from being subjective to being data-driven

As deputy director for SIT, Royson actually developed a brand management framework alongside producing the first quantitative measure of the university’s brand equity.

Royson said, “The numbers part of the work has really helped me. I see a lot of common skillsets [between] finance [and] marketing especially in the area of data analytics to be able to digest and look at numbers and direct marketing efforts from there. That has been a common thread across my career,” said Royson.

On leadership: “Everyone needs a sense of role and purpose in the team.”

Entering SIT in 2014, Royson was assistant director for corporate communications for four years, where in 2018, he was appointed to his current role of deputy director. 

As a marketing leader, Royson strongly believes in entrusting a team member a specific role by which the person can grow with and eventually gain mastery of.

Everyone needs a sense of role and purpose in the team. They need to come to work knowing that ‘everyone is counting on me’ for this part of the work.

On leadership

Royson compares his preferred approach to the usual rotational work setup. He shares that while this is the way to be in many creative setups, where there is a ‘special assignment’ method and people get assigned to projects, he still believes in the positive result of charging someone a focused role.

“I think that if someone knows what they’re uniquely good at, and they have been entrusted that role, they will come back to work every day [having] a purpose, and they’re motivated.”

Royson adds, “My approach to leadership is really to be very clear about responsibilities, creating roles for individuals, trusting them to do it well, and encouraging them to give them that sense of purpose and that belonging in the team.”

For the new generation of marketers: Keep learning and re-learning 

As a marketer part of the generation that was at the cusp of traditional and digital marketing, Royson shares that it’s very important to never stop learning and to add to one’s experience and knowledge as this is the way to be at par with the ever-evolving industry of marketing. 

It’s very important to have this ability to keep learning and re-learning amid fast-evolving technological advancements in marketing.

On advice for budding marketers

Aside from this overarching view on marketing, Royson also shares his advice on dealing with day to day challenges of the job.

He shared that throughout his career, he learned that sometimes, there is a need to be able to say no and to be able to do that in a professional and mature way, and in a way that delivers value to the organization.

“The biggest challenge of my career is learning how to analyze something critically and having that skill to be able to deliver [an opinon] in a professional and non-confrontational way that would help to complete the final product.”

Royson said that in marketing, it’s important to find a way to express diverse opinions in order to successfully co-create as a team.

Also, his very simple advice, but one that’s equally crucial in the cutthroat world of marketing: becoming your biggest ally and supporter. 

“We face a lot of criticisms in a marketing profession so it’s important to be your biggest supporter and all,” he said.

Ultimately, Royson to the aspiring marketers, “You will never know everything that you need to know [in marketing], you just have to keep figuring it out as you go along.”

Listen to the full podcast of the interview with Royson on Spotify: