LMAX Exchange has added two salespeople to its roster in Asia-Pacific with the hiring of Jason Huang and Shang Lin.
Huang has joined as head of sales for Asia Pacific, based in Hong Kong, he joins from CFH Systems Asia, where, as a managing director, he established and led the firm’s Asia office. He has also held senior management positions in FXCM USA, FXCM Asia and Admis Hong Kong.
He will be responsible for leading distribution teams focused on South East Asia and Greater China and the oversight of key existing client relationships, Huang has been mandated to expand the company’s distribution capabilities in the region, the firm says, adding he reports to Scott Moffat, managing director, Asia Pacific.
Lin has joined as institutional sales executive for Asia Pacific, based in Singapore and joins from Refinitiv (formerly Thomson Reuters), where she focused on financial institutions and corporates for the FXall business. LMAX says she will be responsible for driving growth in the institutional client segment across regional banks, reporting to Quentin Miller, head of institutional FX, Asia Pacific.
“The build out of our distribution team demonstrates our continued commitment to servicing our Asian client base and growing our capabilities in line with client demand,” says Moffat. “We have identified a genuine need among institutional market participants for order-driven firm liquidity and a growing focus on transparency, precision and consistency in execution. Crucially, both Jason and Shang possess extensive experience servicing institutional clients and have a deep understanding of the Asia Pacific FX market. I believe that their industry knowledge and expertise will help us accelerate our regional growth in the years to come.”
LMAX Exchange CEO, David Merceradds, “Asia’s contribution to our global business continues to grow at a tremendous rate. In 2018, our Asia Pacific franchise doubled volumes and delivered 28% growth in execution revenue. Among institutional clients we saw even steeper levels of growth.
“With our offices in Singapore, Hong Kong, Tokyo, Sydney and Auckland, Asia Pacific will be a key region for LMAX Exchange in 2019 and beyond,” he continues. “Having added to our already talented regional team over the past two years, and as the only independent global player for institutional currency trading, we are uniquely positioned to meet the needs of our client base in Asia”.
Separately, LMAX Exchange has confirmed the departure of Qilin Wang, a member of the firm’s Asia Pacific distribution team, who recently left the company to take a career break from the industry.