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7 Questions on Leadership with Dr Lanz Chan


Name: Dr Lanz Chan


Title: President & CEO


Organisation: EVES ENERGY


As the President & CEO of EVES ENERGY, I lead a team of data scientists and energy traders who leverage artificial intelligence and cybernetics to optimize the production and distribution of renewable energy from algae. With over 25 years of experience in fund management, I also oversee the strategic direction and financial performance of the company, which aims to create a sustainable future for humanity.


I am also the CEO and founder of Finamatrix.NET, a platform that provides data-driven insights and forecasts for investors and traders across various markets and asset classes. Through my PhD in Management and Gaming Cybernetics, I developed a proprietary algorithm that combines machine learning, game theory, and behavioural finance to generate optimal strategies and solutions. I am passionate about sharing my knowledge and expertise with others, and I have been a professor, lecturer, and author of multiple publications and books on finance, management, and cybernetics.


Thank you to the 2,000 leaders who’ve generously done the 7 Questions on Leadership!


I hope Dr. Lanz's answers will encourage you in your leadership journey. Enjoy!


Cheers,

Jonno White



1. What have you found most challenging as a leader?


At EVES ENERGY, I'm exploring innovative avenues by collaborating with Professor William Chen, the Director of the Food Science Technology Programme at Nanyang Technological University, Singapore². Together, we're working on developing a revolutionary technology for bulk microalgae oil production². The potential of this technology is immense, as it could revolutionize traditional oil production methods while addressing critical sustainability challenges within the food industry². However, it's important to acknowledge that the production process involves the use of pyruvic acid and ultraviolet (UV) light to stimulate photosynthesis in the algae², which might pose technical challenges. Additionally, our ambitious growth plans at EVES ENERGY involve establishing 400,000 tanks in Indonesia within a two-year span², which may present logistical and operational challenges.


At Finamatrix, I'm dedicated to integrating AI-driven asset classes with Blockchain³. The company strives to provide exciting hedging or arbitrage opportunities on top of DeFi and Web3 integration³. Nevertheless, it's crucial to recognize the challenges inherent in the rapidly evolving nature of blockchain technology and the regulatory landscape.


These challenges are inherent in the realm of technology and innovation, and addressing them is an integral part of the process of bringing groundbreaking ideas to fruition.


Source:

(1) EVES ENERGY (SG): Significant Milestone in Sustainable Oil Production .... https://www.businesswire.com/news/home/20231019376652/en/.

(3) Lanz Chan - Founder, CEO & Data Scientist @ Finamatrix - Crunchbase. https://www.crunchbase.com/person/lanz-chan.

(5) Interview of Dr.. This document is used for informational… | by .... https://medium.com/@StirlingMansel/interview-of-dr-c20764a60052.

(6) EVES ENERGY (SG): Significant Milestone in Sustainable Oil Production .... https://finance.yahoo.com/news/eves-energy-sg-significant-milestone-130000517.html.

(8) Make the World a Better Place: A.I.+CleanTech Investing. https://finamatrix.medium.com/leading-in-a-i-cleantech-investing-cc27d01d597f.

(9) What is low-carbon hydrogen and what are the challenges in Singapore's .... https://www.todayonline.com/singapore/explainer-low-carbon-hydrogen-supply-power-2028576.

(10) undefined. http://bit.ly/3PW96OB%29.


2. How did you become a leader? Can you please briefly tell the story?


My path to leadership has been shaped by an innovative mindset, my academic background, and the experiences gained in my professional journey. I am the founder and CEO of Finamatrix, a company established in 2006 to provide financial technology (FinTech) services, incorporating an AI-driven asset class integrated with Blockchain¹. In leading Finamatrix, my commitment revolves around continuously improving self-learning algorithms and refining machine-learning processes¹.


Before founding Finamatrix, I had the privilege of working as a banker with UBS and JP Morgan¹, an experience that equipped me with valuable insights and skills applicable to my leadership roles.


Additionally, I am involved in guiding EVES ENERGY, a company focused on sustainable investments². At EVES ENERGY, my leadership style is characterized by a humble attempt to explore innovative avenues, such as a pioneering partnership for sustainable oil production².

In my perspective, effective leadership requires a blend of innovation, experience, and a commitment to ongoing education.


Source:

(1) Interview of Dr.. This document is used for informational ... - Medium. https://medium.com/@DerrickJuarez/interview-of-dr-b3cb23067f18.

(2) EVES ENERGY (SG): Significant Milestone in Sustainable Oil Production .... https://www.businesswire.com/news/home/20231019376652/en/.

(3) Lanz Chan - Founder, CEO & Data Scientist - Crunchbase. https://www.crunchbase.com/person/lanz-chan.

(4) undefined. http://bit.ly/3PW96OB%29.


3. How do you structure your work days from waking up to going to sleep?


I tirelessly address challenges as a key figure in the technology and finance domains. Most probably, my days are brimming with diverse responsibilities that revolve around overseeing my enterprises, including strategic planning, team gatherings, and project supervision.

4. What's a recent leadership lesson you've learned for the first time or been reminded of?


As the CEO of both Finamatrix and EVES ENERGY, the significance of continuous learning resonates deeply with me. It's not merely a principle I believe in; it's a guiding force that I actively integrate into every facet of my leadership journey.


Within the walls of Finamatrix, we take great pride in being acknowledged as a SkillsFuture-approved training organization in collaboration with the People's Association. This recognition not only underscores our dedication to nurturing a culture of perpetual learning but also emphasizes our responsibility to create avenues for others to explore and expand their capabilities.


In my view, leadership transcends mere decision-making; it involves an unwavering commitment to identifying gaps in policies and strategic decisions. It's an understanding that improvement is a constant pursuit and that success often lies in the meticulous details that others might overlook. This persistent pursuit, I believe, forms a critical component in the recipe for effective leadership.


However, I recognize that this journey is far from solitary. It's a collaborative endeavor, made possible by the diligence and dedication of every member of our team. I am sincerely grateful for their unwavering support, and I am dedicated to fostering an environment where each individual feels valued and empowered to contribute their very best.


In conclusion, while the role of a CEO comes with its share of challenges, it is the ongoing learning and the unrelenting pursuit of excellence that continually inspire and propel me forward. I am humbled by the privilege to lead and am genuinely enthusiastic about the future prospects for both Finamatrix and EVES ENERGY.


5. What's one book that has had a profound impact on your leadership so far? Can you please briefly tell the story of how that book impacted your leadership?


I have discovered "The Art of Thinking Clearly" by Rolf Dobelli to be a profound exploration of human psychology and reasoning. This book stands as a crucial resource for individuals, including myself, who are dedicated to steering clear of cognitive errors and enhancing decision-making in various aspects of life.


Comprising 100 concise chapters, the book delves into the most common judgment errors and imparts valuable insights on how to avoid them. It acts as a guide, aiding readers in identifying and circumventing cognitive biases that often lead to irrational decisions and beliefs.


I appreciate how the book covers a wide range of scenarios, such as investing time in pursuits that prove regrettable in hindsight, overpaying in auctions, or persisting in detrimental behaviors. These examples of cognitive biases are skillfully highlighted in the book, providing readers with the tools to recognize and avoid them.


By comprehending these biases and honing the ability to spot them, I believe individuals can make improved decisions, whether they are dealing with personal challenges, engaging in business negotiations, managing finances, or navigating life's choices.


"The Art of Thinking Clearly" is acclaimed for its simplicity, clarity, and the unexpected insights it offers into human thought processes and decision-making. I see this book as a transformative tool that can be applied to decision-making in professional, personal, and everyday life.


6. If you could only give one piece of advice to a young leader, what would you say to them?


Adopt the spirit of continuous learning and innovation. Show steadfast dedication. I encourage budding leaders to foster inquisitiveness, embrace open-mindedness, and bravely push the limits of what is possible.


7. What is one meaningful story that comes to mind from your time as a leader, so far?


In my attempt to dazzle the audience at a climate conference, I decided to spice things up a bit and talk about the Earth's "virgin state." You know, like the planet is waiting for that special someone to take it out for a cosmic date. Well, turns out, my attempt at humor caused quite the stir. The term "virgin" sparked a heated debate about whether our dear planet is blushing or rolling its eyes. Some folks thought it was a stroke of genius, while others were raising eyebrows faster than the Earth rotates. Despite the uproar, I stuck to my leadership guns: we need a collective, immediate response to give Mother Earth the spa day she deserves.

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