B2C2 Expands in APAC

Digital asset liquidity provider B2C2 has announced the expansion of its Asia-Pacific business by opening a Singapore office and naming David Rogers to run the expanded business.

The new office joins London, Paris, Luxembourg, New Jersey and Tokyo as B2C2 locations – the firms says it will be applying for a Major Payment Institution licence from the Monetary Authority of Singapore.

Rogers has been named CEO Asia-Pacific and has spent 17 of his 24 years in markets in the region. He joins from digital assets algo trading firm Auros, where he was chief operating officer for 18 months. Prior to that he head of multi-asset trading, Asia-Pacific at State Street Global Advisors for three years, having joined from Fidelity investments, where he worked in the programme and e-trading team. Prior to that Rogers spent just over two years as head of Asia portfolio sales and trading at Deutsche, having joined from over six years at UBS where he was head of APAC portfolio trading. He started his career at Goldman Sachs in London as a portfolio trader, a role he held for just over two years.

“B2C2 has had a longstanding connection with Asia thanks to our partnership with SBI,” says Thomas Restout, group CEO of B2C2. “As a leading financial centre both in the region and globally, Singapore was a logical choice for the expansion of our APAC footprint. David brings a wealth of expertise to the chief executive role, and we look forward to supporting him in growing our operations in the region.”

Rogers adds, “The firm’s strong balance sheet, unparalleled settlement capability, and extensive pricing and credit capabilities make it the leading counterparty of choice for financial institutions globally. With an already very strong APAC team, we will augment this in Singapore, which is on track to be an international hub for regulated digital asset trading. We are excited to work with regulators and partners to grow this ecosystem.”