Broctagon Names Lee FX Sales Head
Posted by Colin Lambert. Last updated: June 15, 2021
Broctagon Fintech Group has named Michael Lee as head of FX sales as part of its efforts to increase its Asia Pacific footprint.
Lee has 19 years’ experience in the futures markets in 2008, he led the set up of the Hong Kong, Singapore, and Malaysia branches of Phillip Futures. He was also part of the team that initiated the roll out of an online trading platform for local and global markets to its clients. Prior to joining Broctagon, he held numerous senior positions in trading, including heading up the futures and options business at Maybank Investment Bank before being promoted to regional head of Maybank.
At Broctagon, he will be responsible for driving the growth of its liquidity solutions, targeting the institutional space as a priority. Lee will also identify opportunities and implement strategies to onboard new licenced entities, such as institutional brokers, hedge funds, family funds, and asset managers.
The hire follows the recent appointment of Cecilia Chan to head of FX at Broctagon Prime Markets, the group’s Asian Liquidity division.
“I started my career on the trading floor in 1995 and have witnessed the gradual growth in demand for more sophisticated technology,” says Lee. “There’s plenty of opportunity in the Asian FX markets and Broctagon is well-positioned to play a big role in the region’s trading innovation, particularly with its newly established Labuan business.”
Don Guo, CEO of Broctagon, adds, “The aim is to onboard big players in Asia and, like us, Michael believes that our liquidity solutions can play a pivotal role in deepening liquidity and empowering financial institutions to improve their trading abilities holistically. We believe that offering solutions that are purpose-built with his knowledge will give us greater insight into the inner workings and operational challenges of leading financial institutions.”