Global custody bank, BNY Mellon, has joined an ongoing trend by launching its newly created foreign exchange dealing room, based out of Singapore, installing Keon Ho Kang as the room’s newest Head.

FX has been on the uptick in Asia with a mounting demand in the aftermath of a tranquil summer – this in turn has led to large scale personnel shifts and restructuring by banks and retail brokerages. The new FX desk will maintain a focus on G10 currencies, along with the Korean Won NDF

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In his new role as the Head of FX in Singapore, Mr. Ho Kang will be reporting to Richard Gill, Global co-Head of FX trading based in London, and Mark Militello, Head of Asia-Pacific global markets business in Hong Kong.