Pop Group Holdings (POP), a prominent investor in M&A and specialist data & technology-enabled insurance businesses, has announced the appointment of Sergei Korol as its Chief Operations & Finance Officer.
Korol, with his extensive experience in the financial services and insurance industry, will be based in Singapore and will play a vital role in driving profitability and revenue globally, supporting POP’s mission to become the leading global boutique M&A and specialty insurance group.
Korol’s appointment comes on the heels of POP’s recent strategic minority investment from private equity fund Direct Capital, as the company aims to expand rapidly and establish a robust client base worldwide.
In his new position, Korol will also oversee POP’s future fundraising plans and capital structure, as well as contribute to external investor projects and strategic ventures to facilitate POP’s accelerated growth.
Prior to joining POP, Korol served as the Managing Director at Grab Financial Group, where he played a crucial role in establishing the company’s first financial segment team for its fintech division.
Before that, he held the position of CFO/COO at ACR Capital Holdings, where he drove the company’s transformation and directed finance, IT, and operational functions for the US$600 million premium pan-Asian group, leading the investor exit.
Killian McDermott, co-founder, and co-CEO of POP, expressed his delight at Korol joining the team, stating, “With Sergei’s expertise in leading finance and operations functions, we are confident that we can further build efficiencies across Fusion and io.insure, that drive top quality services with high-impact results that will benefit our ecosystem partners, including customers, brokers, advisors and insurers.”
David Rogers, co-founder, and co-CEO of POP, added, “Sergei joins us at an exciting, opportune time, as we continue to grow our global footprint to deliver industry leading M&A tech and InsurTech solutions to key markets across Asia Pacific, US, the UK and Europe. With his guidance, we will build greater synergies across borders and teams, and fulfil our promise of being an organisation with real purpose and sustainability, differentiated by our expert people and cutting-edge innovations.”
Korol brings a wealth of experience to his new role, having held senior positions at renowned insurance firms such as Chubb, MetLife, and AIG.
Expressing his enthusiasm about joining POP, Korol stated, “Having grown up in insurance, and more recently ventured into the tech world, I believe that technology driven modernisation is the key to the industry’s continued relevance and that is best driven by those who know the industry well. In this respect, POP has a unique track record of bringing together insurance capabilities and emerging technology driven ideas.”
