Sucden Financial HK, the Hong Kong subsidiary of Sucden Financial Limited, has announced the appointment of Phil Kim as Head of eFX Sales, Asia Pacific, to help expand the company’s institutional eFX liquidity offering within the APAC region.
Phil Kim joined Sucden Financial from LMAX Exchange, where he was responsible for establishing the firm’s institutional presence in Hong Kong. His 13 years experience in institutional eFX sales include senior positions at FXCM and Deutsche Bank. Over half of his institutional sales experience was within the Asia Pacific region.
The new head of eFX sales will report to Co-Heads of eFX at Sucden Financial Limited, Peter Brooks and Wayne Roworth. Brooks commented on the appointment:
“The appointment of Phil, who is highly experienced and well regarded within the industry, is a reflection of our continued commitment to expansion within this important business area for us.”
Kim will be based at Sucden Financial’s Hong Kong subsidiary and will execute the company’s Asian growth strategy as well as introduce new clients to the company’s products and services. The eFX sales team in Hong Kong will be under his charge in order to further expand Sucden Financial in the Asia Pacific Region.
Sucden Financial has recently announced record growing revenues and profits for the year 2017. The report states a net profit of £10.9 million for the year ending 31 December 2017, against £8.4 million in 2016. The firm’s record-high financial results also include net revenues of £48.7 million, against £46.5 million in 2016, and total net assets of £101.6 million, against £90 million in 2016.
Earlier in May, Sucden Financial announced the appointment of former RJ O’Brien Darren Barker to help expand the institutional client base of the company’s FX services, including the broad range of electronic and voice capabilities.
Sucden Financial offers ECN access, over-the-counter FX Options, deliverable FX and voice execution. Its OTC FX options service was launched in May 2017 to provide greater price transparency as users are able to price their own option structures online and benchmark them against independent data.