SBI Digital Markets Adds Five in Singapore
Posted by Colin Lambert. Last updated: August 31, 2021
Just three months after opening for business in Singapore, SBI Digital Markets has unveiled a raft of hires for its capital markets division.
Andrew Pal, Marilyn Tan, EE Wern Hoe, Jeremy Kwan and Russell Toop have all joined what the firm says is the “first phase of the hiring rollout” and all will report to Kris Hopkins, head of capital markets, Asia-Pacific, at SBI Digital Markets.
Pal and Tan will be responsible for business development and institutional sales across digital securities and cryptocurrencies. After spending more that 20 years at UBS in its futures business, Pal joins from digital assets exchange GSX Asia, where he was CEO for almost three and a half years. In the interim he also spent 30 months as executive director of Singapore fintech Stacs. Tan also has a futures background, working for ADB Amro/RBS as a listed derivatuives trader, before moving in sales for that business at Deutsche Bank in Singapore. She also spent five years as head of business development for United Overseas Bank’s futures and bullion business in Singapore, before moving into a consultancy role ahead of the switch to SBI.
Hoe and Kwan will focus on debt markets capital origination. Hoe joins from Maybank in Singapore, where he was in transaction banking sales – he also has spells at Cathay United Bank, ANZ, Credit Agricole and DBS Bank in their fixed income businesses. Kwan, meanwhile, has worked in origination, structuring and pricing of asset-backed and corporate financing.
Toop has been named product manager for the capital markets business, and has an extensive background in software development and sales, including spells with Bankers Trust/Deutsche Bank, Deutsche Borse, Trading Technologies and FIS before his last role at Chronicle Software.
“We are growing our presence in the region and look forward to helping shape the digital asset ecosystem as well as contribute towards making Singapore one of the world’s leading digital asset hubs,” says Hopkins