Singapore-based private market exchange ADDX welcomes a former senior managing director from the Singapore Exchange as its chairman.
ADDX appoints Chew Sutat as chairman, according to a statement, tasked with providing guidance and leadership in the global private market spaces. He will also work closely with the executive team to set the firm’s strategic direction as well as drive growth and innovation.
«I am delighted to join ADDX as chairman and to work with the team on strategies to increase liquidity and scale in the private market sector,» Chew said.
ADDX is a private markets platform that aims to broaden investor access by lowering the asset class' traditionally high barrier of entry, such as the minimum investment amount which can be as low as $10,000 at the firm.
SGX Experience
Chew has 25 years of experience in the financial sector, including 14 years at the Singapore Exchange (SGX) where he was a senior managing director. At SGX, he headed the global sales and origination team and managed the bourse's international offices across 10 cities.
Prior to that, he also held senior roles at Standard Chartered, OCBC and DBS. He is currently a lead independent director at Yangzijiang Financial Holding and a board member at Income Insurance.
«[Chew’s] regulatory know-how, experience and expertise from his time at SGX will be invaluable as we set our sights on regional expansion,» added ADDX group CEO Danny Toe.
