London based market leading FX electronic trading solutions provider BidFX recently revealed that it now has a new head for business operations in Asia Pacific region. The move was first made public via changes made to the executive’s LinkedIn profile according to which he began his tenure at the firm earlier this month. The firm has managed to hire industry veteran Wai Kin Chan to serve as the head of its APAC business operations and Mr. Wai Kin Chan is expected to serve from the firm’s Singapore office. Mr. Chan has nearly 19 years of experience serving in financial services industry handling Fixed Income, FX Sales and Prime Brokerage divisions of top tier firms during his vast career. Prior to taking up his current role at Bid FX, Mr. Chan served as head of distribution for XTX Markets for their Asian market business operations.
Prior to XTX Markets, he served at Morgan Stanley for period of six years during which he held several high level roles. Wai Chan started his tenure at the investment banking service provider back in September 2008 as Head of FICC eCommerce for Asian Pacific region and was promoted to the role of Head of Sales for Banks, Prime Brokerage divisions along with his previous role of Head of FICC eCommerce division. Wai Chan started his career as Application Technology Associate for J.P Morgan serving in their Fixed Income Markets division and focused on Credit & Rates and served at the firm for three years. Post J.P. Morgan, he took up the role of e-Commerce Client Services Group Manager at Barclays Investment Bank and handles clients dealing in Fixed Income, Foreign Exchange, Futures & Options, Commodities and Equities.
He remained at Barclays for three years post which he moved on to Deutsche Bank, where he served as eFX Sales Manager for their operations in Asian-Pacific region aside from Japan. However, his tenure at Deutsche bank was the shortest in all of the firms he had served till date having remained at the firm for just 23 months. On a different note, the firm was recently in news for its partnership with Jump Liquidity enabling the firm to expand its liquidity pool. With this partnership, the firm’s electronic market space which is known for its cutting edge execution management system and leading workflow technology now becomes one of the largesse market markets in FX central limit order books and ECNs. The firm was also in news earlier this year as Singapore Stock Exchange purchased a 20% stake making it highly attractive and trusted firms for firms from Asia-Pacific market region.
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