The European trading and investing platform has appointed a regional CEO, as it selects Singapore as its regional headquarters.
Capital.com has hired former Exness Asia head Chul Lim as its chief executive officer in Asia, the company announced in a statement on Tuesday.
Lim brings more than 15 years of experience driving strategy and growth operations in Asia, and joins from global brokerage firm, Exness, where he was regional director of Asia. He previously held senior leadership positions with leading global technology and e-commerce companies including JD.com, AstraZeneca, GoBear, Samsung Group and Cisco Systems.
Based in Singapore, Chul will be responsible for building the business and growing the marketing team out of Singapore to help Capital.com expand across Japan, Korea, and the wider Asian region
Growth Plans
Capital.com said it will establish Singapore as its regional headquarters and will begin the process of growing its team and seeking regulatory approval in key Asian markets immediately. It aims to gain a Capital Markets Services licence from the Monetary Authority of Singapore by early 2022.
«We see great opportunities for growth across Asia. Younger, tech-savvy Asian investors are becoming increasingly active in financial markets through online trading platforms,» Jonathan Squires, group CEO, said int he announcement.
In 2020, the platform reported a 700 per cent growth in its client base, making it one of Europe’s fastest growing investment trading platforms with more than 2 million clients. The company recently expanded into Australia with a license granted by the Australian Securities and Investments Commission.
