London-based LMAX Exchange has strengthened its management team in Asia-Pacific. The FCA-regulated Multilateral Trading Facility (MTF) today announced two new hires in the region, appointing Jason Huang as head of sales and Shang Lin who joins as institutional sales executive.
The new appointments help position the company to leverage its liquidity solutions in key growth markets. It also strengthens LMAX Exchange’s presence in Asia/Pacific, improving its offering’s accessibility and providing users with regional resiliency and enhanced performance. Both Huang and Lin will be based out of the LMAX Exchange office in Singapore.
LMAX offers exchange style execution for OTC-traded FX products, such as spot FX. In addition, the company’s portfolio covers several assets and markets segments including cryptocurrency, precious metals, commodities and equity indices.
The new sales head, Jason Huang, steps into his new position with immediate effect, bringing nearly two decades of expertise in the FX space to the role. He joins LMAX Exchange from CFH Systems Asia, where he most recently served as a Managing Director, focusing exclusively on South East Asia and Greater China. Additionally, he has held other positions at FXCM USA, FXCM Asia and ADMIS Hong Kong, helping pave the way for his most recent appointment.
LMAX also strengthened its institutional sales team for Asia Pacific with the addition of Shang Lin, who will report to the region’s head of institutional FX, Quentin Miller. Prior to LMAX Exchange, Shang worked at Thomson Reuters for seven years focusing on financial institutions and corporates for the FXall business.
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Head of Asia Pacific Departs
Meanwhile, LMAX Exchange is losing a core member of its team, with Head of Asia Pacific Queenie Wang parting ways with the group. Ms. Wang has been a mainstay at LMAX since 2011 and her departure comes after a lengthy stint.
She was originally appointed as international development executive, while subsequent stops included heading the sales operations at LMAX’s arm in Hong Kong, from January 2015 to April 2016.
Prior to joining LMAX, Wang worked as a customer service specialist at City Credit Capital, followed by an 18-month tenure at London Capital Group as head of Far East sales.
Commenting on the appointments, Scott Moffat, LMAX’s managing director of Asia Pacific said: “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 also noted: “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.”