Prime broker Invast Global announced a new appointment to its executive team this Friday. Alex Wang looks set to join the firm’s Shanghai office, working on growing the company’s investment bank business.
Based in China, Wang will likely be a useful addition to the Invast Global team as he has worked in the investment banking industry itself.
“Alex brings a wealth of experience, having already worked with our management team at global Investment Banks previously,” said Invast Global. “He will be a valuable contributor to Invast Global’s growth throughout Asia.”
The move comes shortly after Invast Global held its annual meeting with its parent company – Invast Securities – in Japan. Following that meeting, Invast Global, which is based in Australia, said that it would be making several announcements in the near future. Whether or not Wang’s appointment is one of those is unclear.
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“Invast Global executives and our non-executive director have spent the past week in Tokyo visiting our parent company, Invast Securities, for our Annual Strategy Meeting and off-site activities,” said the company. “It has been incredibly valuable to work closely with everyone in our Japanese HQ.”
Invast Global Expansion
Wang’s appointment comes as the firm continues to broaden its global client base. In March of this year, the firm joined liquidity manager oneZero’s liquidity hub in the London-based LD4 data center.
Two weeks later, the two companies partnered again to connect Invast Global to oneZero’s liquidity hub in Tokyo’s TY3 data center.
More recently, the company has been trying to tap into the Asian hedge fund market. In October of this year, the company sponsored and attended a Hedge Funds Club event in Hong Kong.
How Wang will contribute to the development of business in China is unclear. Finance Magnates reached out to Invast Global for comment on this story but, at the time of publication, we had received no response.