FCA-regulated prime brokerage and execution venue, iS Prime has onboarded a key industry veteran in the Asia Pacific region. The company hired Phil Kim as head of its Asian sales and responsible officer.
Kim has a raft of experience in the industry with over 18 years in various roles at leading brokerages. Most recently, he spent nearly five years in an analogous role with FX broker and liquidity provider Sucden Financial.
Prior to that, Phil Kim was head of institutional sales role at LMAX Exchange between 2015 and 2018. His career encompasses other roles including vice president at FXCM Pro and Fastmatch, where he spent 10 years.
Based at IS Prime’s Hong Kong subsidiary, Kim will be responsible for executing its Asian growth strategy, as well as introducing new clients to the company’s products and services. He will also manage and develop the eFX team in Hong Kong, further expanding the firm’s presence in Asia Pacific.
Since opening its Hong Kong office in 2017, the company has furthered its expansion in the Asia Pacific region with several key hires as part of a continued commitment to build a global PoP franchise. Looking ahead, it is apparent that IS Prime is intent on entering the cryptocurrency industry, aiming to leverage its technology integration capabilities across the surging industry.
iS Prime was in the news recently after its co-founders Raj Sitlani and Jonathan Brewer left the business they established back in 2014. The move came shortly after ISAM Capital Markets, which includes IS Prime Limited (FCA), IS Prime Hong Kong Limited (SFC), IS Risk Analytics Inc (CFTC) and IS Prime Markets Limited (CIMA), has become iSAM Securities to reflect the culmination of its extensive business transformation.
ISAM said the new corporate name would better encompass what it does. The rebranding shows that the company has completely evolved into an all-encompassing, global financial services provider and paves the way for the introduction of a new suite of products. The new websites as part of the rebranding are: securities.isam.com, prime.isam.com and risk.isam.com.
The new group name also leverages the close alignment between the individual entities and their parent company iSAM, a $4.8 billion systematic hedge fund manager. Before the founder’s exit, the structure of the group remained the same, with Raj Sitlani as Managing Director of iSAM Securities and Jonathan Brewer as Commercial Director.
