Rainer Phua has announced his new role as Head of Liquidity Management at TMGM. He will be working on-site in Singapore, managing liquidity operations directly from TMGM's regional office. According to the firm, this location will allow him to engage closely with the team and oversee critical functions in person.
TMGM Hires Liquidity Expert
Phua brings over a decade of experience in risk and technology management. Before joining TMGM, he spent more than nine years at Fullerton Markets. His roles there included Head of Risk Management for over eight years and Head of Technology for nearly five years.
Earlier in his career, Phua held positions as a Risk Management Analyst at Blackwell Global for over two years and as an Equity Dealer at UOB Kay Hian for two years.
TMGM’s Asia-Pacific Partnership with Chelsea
Earlier, Trademax Australia Limited, operating as TMGM, confirmed that the Australian Securities and Investments Commission (ASIC) has revoked interim stop orders issued in June 2024 concerning its contracts for difference (CFDs).
The stop orders had restricted TMGM from engaging in specific activities with retail clients, including CFD trading and account openings, as reported by Finance Magnates.
In response, TMGM reviewed and enhanced its retail investor questionnaire and onboarding processes. With the orders lifted, TMGM is now authorized to onboard new retail clients for CFDs.
Meanwhile, Chelsea FC and TMGM have extended their partnership, which began in 2023, for multiple years. TMGM remains the club’s Official Regional Online Forex and Trading Partner in the Asia-Pacific region.
The collaboration aims to strengthen fan engagement in the region, leveraging TMGM’s market presence and multilingual platforms. TMGM will continue to connect with Chelsea's Asia-Pacific fanbase through this partnership.
“Our continued collaboration with Chelsea FC underscores our commitment to excellence and innovation. We are excited to integrate our trading expertise with the passion of Chelsea’s fanbase in the Asia-Pacific region,” Nick Yang, TMGM’s Chief Commercial Officer, commented.
“This partnership will create unique opportunities, foster deeper connections, and deliver exclusive experiences for both TMGM and Chelsea fans,” he added.
