Broctagon Fintech Group, a multi-asset liquidity and brokerage technology provider, announced that it has appointed Michael Lee, an industry veteran with nearly 20 years of experience in the futures markets, as its new Head of FX Sales.
In an official announcement shared exclusively with Finance Magnates, Broctagon mentioned that the company is planning to expand its presence in the APAC region. Earlier this year, the multi-asset liquidity provider appointed Cecilia Chan as Head of FX at Broctagon Prime Markets, the group’s Asian Liquidity division.
Broctagon mentioned that Lee will be responsible for the expansion of the company’s liquidity solutions. Additionally, the company is planning to take advantage of Lee’s extensive experience in the financial markets to onboard new licensed entities, including hedge funds, asset management companies and institutional brokers.
Commenting on the latest appointment, 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,” he added.
Earlier this year, Broctagon secured Labuan Money Broking license to strengthen its position in Asia. The latest license has enabled Broctagon to offer regulated bank-grade FX liquidity to different clients.
Profile of Michael Lee
Lee has approximately two decades of experience in global financial markets. In 2008, Lee facilitated Phillip Futures in the set up of the company’s branches in Malaysia, Singapore and Hong Kong. Moreover, he served as the Regional Head of Maybank.
“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 commitments of the company to transform trading across Asia are what drove me to join in their journey. Cecelia 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,” Lee said.
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