SINGAPORE, 27 APRIL 2023 – Agridence , a leading agri-tech company, is proud to announce the appointment of Ian Potter as the new Non-Executive Chairman of the Board. Ian succeeds Ray Ferguson, who has served as Chairman since 2019. With over 30 years of experience in commodity trading, financing, investment, and risk management, Ian brings a wealth of knowledge to the role. Previously, he was a Managing Director with Morgan Stanley in Singapore, where he established the Commodity trading and risk management business in Asia. Ian was responsible for the group’s private investments, and part of the management team that oversaw the scaling of Morgan Stanley’s investment in the Intercontinental Exchange (ICE).

Ian is an INSEAD Distinguished Fellow with INSEAD’s Global Private Equity Initiative, a partner of Foundational Capital, and an independent non-executive director of several companies. He also lectures at INSEAD and sits on the INSEAD Endowment Committee. Ian has also previously served on NYSE and NASDAQ listed company boards.

“I am honoured to be appointed as the Non-Executive Chairman of Agridence.” said Ian. “The company stands out for its exceptional combination of institutional capital and industry support. Agricultural flows are ripe for digitalisation and Agridence is positioned to benefit from the tailwinds of sustainability and regulatory change. I look forward to working with the Board and the management team to build on the company’s successes in the agricultural technology space.”

Ian’s appointment comes at a time when Agridence is experiencing significant growth and expansion, driven by its innovative technology solutions for the agri-commodities space. Under the leadership of outgoing Chairman Ray Ferguson, Agridence has progressed from its infancy in 2019 to its Series A investment round last year, launching new products and services, and strengthening its partnerships with key industry players.

“We would like to thank Ray Ferguson for his contributions to Agridence over the past four years,” said Gerald Tan, CEO of Agridence. “Under his chairmanship, Agridence has made significant progress in driving innovation and growth in the agricultural industry. We are grateful for his leadership and wish him all the best in his future endeavours.”

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About Agridence Pte Ltd

Founded and based in Singapore, Agridence brings you the future of commodities trading. We are at the forefront of digitalising the agri-commodities supply chain across the globe to create a data-enriched and technology-powered ecosystem. This digital transformation enables deeper analysis of the supply chain to uncover environmental, social and financial risks allowing targeted interventions.

At Agridence, we use technology to enable data transparency and strengthen trust. We provide industry intelligence and insights to empower our customers to make smarter decisions. We strive to identify issues and deliver solutions that will redefine how commodities are produced and traded.

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