Broctagon Fintech Group, a multi-asset liquidity and brokerage technology provider, announced that it has appointed Michael Lee, an industry veteran with nearly 20 years of experience in the futures markets, as its new Head of FX Sales.
Broctagon mentioned that Lee will be responsible for the expansion of the company’s liquidity solutions. Additionally, the company is planning to take advantage of Lee’s extensive experience in the financial markets to onboard new licensed entities, including hedge funds, asset management companies and institutional brokers.
Commenting on the latest appointment, Don Guo, CEO of Broctagon, said: “We’re pleased to have Michael on board to help manage the growth of our FX business. It’s clear that Michael has always strongly believed that successful trading will become increasingly dependent on technology, so he’s a natural fit for the company.”
Lee has approximately two decades of experience in global financial markets. In 2008, Lee facilitated Phillip Futures in the set up of the company’s branches in Malaysia, Singapore and Hong Kong. Moreover, he served as the Regional Head of Maybank.
“The aim is to onboard big players in Asia and, like us, Michael believes that our liquidity solutions can play a pivotal role in deepening liquidity and empowering financial institutions to improve their trading abilities holistically. We believe that offering solutions that are purpose-built with his knowledge will give us greater insight into the inner workings and operational challenges of leading financial institutions,” he added.
Earlier this year, Broctagon secured Labuan Money Broking license to strengthen its position in Asia. The latest license has enabled Broctagon to offer regulated bank-grade FX liquidity to different clients.