LMAX Exchange Group has made two notable appointments in its Asia Pacific business as part of its expansion plans in the region.
Jason Huang has joined as Head of Sales for Asia Pacific, based in the LMAX Exchange Hong Kong office.
Prior to joining LMAX Exchange, Jason, an industry veteran with over 18 years’ experience in the FX industry, held senior roles at large global brokerages including CFH Systems Asia, where, as a Managing Director, he established and led their Asia office. Jason has also held senior management positions in FXCM USA, FXCM Asia and ADMIS Hong Kong.
Jason is responsible for leading distribution teams focused on South East Asia and Greater China. He oversees key existing client relationships and has been mandated to expand the Company’s distribution capabilities in the region. Jason reports to Scott Moffat, Managing Director, Asia Pacific.
Shang Lin has joined as Institutional Sales Executive for Asia Pacific, based in the LMAX Exchange Singapore office. Prior to joining LMAX Exchange, Shang held client and relationship management roles at Refinitiv (formerly Thomson Reuters), focusing on financial institutions and corporates for the FXall business.
Shang is responsible for driving growth in the institutional client segment across regional banks, hedge funds and asset managers as well as supporting distribution in Greater China. Shang reports to Quentin Miller, Head of Institutional FX, Asia Pacific.
Commenting on the appointments, Scott Moffat, Managing Director, Asia Pacific said: “We are delighted to welcome Jason and Shang to the Company. 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”.
“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 Mercer said: “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. 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 can confirm the departure of Qilin Wang, a long-time member of the Asia Pacific Distribution team, who recently left the Company with the best wishes of LMAX Exchange following her decision to take a career break from the industry.