SINGAPORE - Media group Singapore Press Holdings (SPH) has appointed Mr Chua Boon Ping as the chief executive officer (CEO) for its SPH Media Fund with effect from today.

Mr Chua, 43, was a senior vice president of EDB Investments prior to joining SPH.

He also worked for ST Electronics and SingTel.

SPH had earlier announced that it will be establishing a $100 million new media fund to invest in media-related business.

These investments will play a critical role to support its aspiration to be the leading multi-media company in Asia.

As CEO of the fund management entity, Mr Chua will be responsible for sourcing and acquiring new media investments.

SPH group CEO Alan Chan noted that Mr Chua has strong background and interest in corporate planning, business development and strategic investments.

"I am confident that he can contribute to SPH's long term growth and prosperity," he said.

"As SPH is Singapore's leading media player, we will continue to shape the local media landscape by identifying and growing media related start-ups," Mr Chua said.