Saturday, 31 July 2021

Broctagon Targets APAC for Growth with New Head of FX Sales

Wednesday, 16 June, Singapore : Broctagon Fintech Group, the multi-asset liquidity and brokerage technology provider, today announces the appointment of Michael Lee as Head of FX Sales to support its move towards establishing a greater presence in the APAC region.

Lee comes from 19 years’ experience in the futures markets and has been at the forefront of trading innovation throughout his career. In 2008, he led the set up of Hong Kong, Singapore, and Malaysia branches of Phillip Futures. He was also part of the team that initiated the roll out of an online trading platform for local and global markets to their clients. Prior to joining Broctagon, he held numerous senior positions in trading, including heading up the Futures and Options business at Maybank Investment Bank before being promoted to Regional Head of Maybank.

At Broctagon, he will be responsible for driving the growth of its liquidity solutions, targeting the institutional space as a priority. Michael will also identify opportunities and implement strategies to onboard new licenced entities, such as institutional brokers, hedge funds, family funds, and asset managers.

This hire follows the recent appointment of Cecilia Chan, who is another sell-side veteran, to Head of FX at Broctagon Prime Markets, the group’s Asian Liquidity division. 

Michael Lee, Head of FX Sales at Broctagon Fintech Group, said: “Broctagon is perfectly aligned with the future of trading. I started my career on the trading floor in 1995 and have witnessed the gradual growth in demand for more sophisticated technology. There’s plenty of opportunity in the Asian FX markets and Broctagon is well-positioned to play a big role in the region’s trading innovation, particularly with its newly established Labuan business. The vision, aspiration, and the commitments of the company to transform trading across Asia are what drove me to join in their journey. Cecilia and I have also had successful partnerships before at both Phillip Futures and Maybank, so I look forward to seeing what we can accomplish together this time around.” 

Don Guo, CEO of Broctagon, said: “We’re pleased to have Michael on board to help manage the growth of our FX business. It’s clear that Michael has always strongly believed that successful trading will become increasingly dependent on technology, so he’s a natural fit for the company. The aim is to onboard big players in Asia and, like us, Michael believes that our liquidity solutions can play a pivotal role in deepening liquidity and empowering financial institutions to improve their trading abilities holistically. We believe that offering solutions that are purpose-built with his knowledge will give us greater insight into the inner workings and operational challenges of leading financial institutions.”

 

Re-disseminated by The Asian Banker