Edgewater Adds in APAC

Edgewater Markets has hired Chan Chong San as managing director of its Asia Pacific business, he will be based in Singapore.

Chan joins from inter-dealer brokerage firm GFI Group, where he served as CEO of the Singapore operation. Edgewater says he has more than 30 years of experience – prior to GFI he worked at Nittan Capital and also had spells with OCBC, HSBC and Industrial Bank of Japan – and is a specialist in the NDF space.

The firm adds it has made “significant investment” in Asia, growing headcount across development, operations and sales teams in the region. It has also added connectivity in Equinix Singapore SG1, adding capacity and redundancy to its presence at TY3 Equinix Tokyo.

“Chong San joins Edgewater at a moment when technology is transforming FX markets globally, but especially in the APAC region,” says Matt Kassel, COO at Edgewater. “While we have had a presence in Asia for more than a decade, we are now bringing unprecedented power and access to banks and financial institutions locally, exemplified by new technology for trading Asian NDF pairs.”