The head of Singapore-based Spartan Group’s $100 million venture studio has quietly left after less than a year in the role. It remains unclear what motivated the departure. Shaun Heng, who was appointed to head of Spartan Labs in March 2022, parted ways with the business, said Kelvin Koh, co-founder and managing partner at Spartan Group, who added that Adrian Lai, previously Spartan Labs’ creative and design lead, is now heading up the venture studio. Heng's departure was confirmed by two people familiar with the matter, who added that he left in December. Heng did not respond to a request for comment. (The Block)
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