Sucden Financial has onboarded a key industry veteran in the Asia Pacific region. The company hired Phil Kim as Head of its eFX Asia division in Hong Kong. He has a raft of experience in the industry with over 12 years in various roles at leading brokerages.
Phil Kim is going to lead the team in Asia after holding the Head of Institutional Sales role at LMAX Exchange for almost three years. He was also Vice President at FXCM Pro and Fastmatch between 2005 and 2015.
Based at Sucden Financial’s Hong Kong subsidiary, Kim will be responsible for executing its Asian growth strategy. As well as introducing new clients to the company’s products and services, he will manage and develop the eFX team in Hong Kong, further expanding the firm’s presence in Asia Pacific. He will report to Co-Heads of eFX, Peter Brooks and Wayne Roworth.
Peter Brooks, Co-Head of eFX in London said; “The appointment of Phil, who is highly experienced and well regarded within the industry, is a reflection of our continued commitment to expansion within this important business area for us.”
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Sucden’s Business in Hong Kong
Sucden Financial established its operations in Hong Kong in 2008. The company significantly expanded its operations in 2012 when it moved to a larger office. The regional hub has been an important base of operations for many brokers in the foreign exchange industry. The regional of Sucden Financial has been focused on expanding the firm’s presence in the institutional market.
Back in March last year the company partnered up with BSO, to provide clients with low-latency connectivity to execute derivative trades between London and Hong Kong. The firms have been operating closely to deliver adequate service to clients in the region.
Hong Kong is currently the third largest FX center in Asia, closely following Singapore and Tokyo. The regional hub is crucial to getting more market share in China, which has become one of the most lucrative markets for the industry. The company also obtained an SFC license in 2013.