Edgewater Taps FX Veteran Chan Chong San to Consolidate APAC Presence

Thursday, 09/02/2023 | 12:32 GMT by Solomon Oladipupo
  • Chan was previously the MD of GFI Group.
  • He brings over three decades of experience to his new role at Edgewater.
Edgewater Taps FX Veteran Chan Chong San to Consolidate APAC Presence
Chan Chong San is Edgewater Markets' new Managing Director for Asia Pacific.

Edgewater Markets, a provider of technology, trade execution and liquidity aggregation for the foreign exchange (FX) and precious metals industries, has hired forex veteran, Chan Chong San, as its Managing Director for the Asia Pacific (APAC) region.

Chan, who was previously the Managing Director of GFI Group, brings over 30 years of industry experience to the new role. He spent five years and a month in his last role at GFI Group, which is a provider of trading technologies to the global over-the-counter and listed markets for cash and derivatives products.

Edgewater Seeks APAC Expansion

In a statement released on Wednesday, Edgewater noted that Chan helped CFI Group Singapore double its targeted revenue for APAC over the course of three years and will head its Singapore office and support its continued investment and growth in the APAC region.

Matt Kassel, Edgewater’s Chief Operating Officer, noted that the company is channeling “unprecedented power and access to banks and financial institutions” in Asia to consolidate on having a presence of more than a decade in the region. This consolidation plan will see Edgewater introduce new technology for trading Asian non-deliverable forward (NDF) pairs, the company said.

“Chong San is the perfect person to lead this effort, and we’re thrilled to welcome him to the team,” Kassel added.

The new development comes days after Edgewater Markets boosted its presence in Latin America by opening a new office in São Paulo, Brazil. The company, which already operates a Mexican office, has tasked Charles Achoa, an executive it hired in October last year, to lead the new office.

Furthermore, Edgewater in the statement noted that it had expanded its data centers last year to include Equinix Singapore SG1 in addition to recently increasing its operations, development and sales teams in the region.

An APAC FX Veteran

According to Edgewater, Chan has “repeatedly spearheaded significant growth of FX trading volumes and revenues” in the APAC region. On top of that, he has wide industry experience working with NDFs.

Apart from the GFI Group, the veteran has served in senior roles at Nittan Capital, OCBC Bank, UBS, HSBC and the Industrial Bank of Japan, among others.

“I’m excited to be joining Edgewater at a time of tremendous expansion in the APAC region,” Chan said in the statement.

Edgewater Markets, a provider of technology, trade execution and liquidity aggregation for the foreign exchange (FX) and precious metals industries, has hired forex veteran, Chan Chong San, as its Managing Director for the Asia Pacific (APAC) region.

Chan, who was previously the Managing Director of GFI Group, brings over 30 years of industry experience to the new role. He spent five years and a month in his last role at GFI Group, which is a provider of trading technologies to the global over-the-counter and listed markets for cash and derivatives products.

Edgewater Seeks APAC Expansion

In a statement released on Wednesday, Edgewater noted that Chan helped CFI Group Singapore double its targeted revenue for APAC over the course of three years and will head its Singapore office and support its continued investment and growth in the APAC region.

Matt Kassel, Edgewater’s Chief Operating Officer, noted that the company is channeling “unprecedented power and access to banks and financial institutions” in Asia to consolidate on having a presence of more than a decade in the region. This consolidation plan will see Edgewater introduce new technology for trading Asian non-deliverable forward (NDF) pairs, the company said.

“Chong San is the perfect person to lead this effort, and we’re thrilled to welcome him to the team,” Kassel added.

The new development comes days after Edgewater Markets boosted its presence in Latin America by opening a new office in São Paulo, Brazil. The company, which already operates a Mexican office, has tasked Charles Achoa, an executive it hired in October last year, to lead the new office.

Furthermore, Edgewater in the statement noted that it had expanded its data centers last year to include Equinix Singapore SG1 in addition to recently increasing its operations, development and sales teams in the region.

An APAC FX Veteran

According to Edgewater, Chan has “repeatedly spearheaded significant growth of FX trading volumes and revenues” in the APAC region. On top of that, he has wide industry experience working with NDFs.

Apart from the GFI Group, the veteran has served in senior roles at Nittan Capital, OCBC Bank, UBS, HSBC and the Industrial Bank of Japan, among others.

“I’m excited to be joining Edgewater at a time of tremendous expansion in the APAC region,” Chan said in the statement.

About the Author: Solomon Oladipupo
Solomon Oladipupo
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About the Author: Solomon Oladipupo
Solomon Oladipupo is a journalist and editor from Nigeria that covers the tech, FX, fintech and cryptocurrency industries. He is a former assistant editor at AgroNigeria Magazine where he covered the agribusiness industry. Solomon holds a first-class degree in Journalism & Mass Communication from the University of Lagos where he graduated top of his class.
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