Exclusive – KVB Kunlun Global Sales Director Ryan Tsui leaves the company

After just over two years as Global Sales Director, Ryan Tsui has left Cayman Islands-based, Hong Kong-focused retail FX brokerage KVB Kunlun Financial Group Ltd (HKG:8077) and is currently in search of his next leadership position within one of the most important regions for this industry.

His leaving the company comes at a time during which KVB Kunlun has not had an easy ride, with the firm having announced losses last year, and subsequently entered into a discussion about acquisition with Chinese investment bank CITIC Securities which in January this year put forward a plan to purchase the public shares of the company for $42 million.

The dialog between the two firms was fraught and, although CITIC close in February on a deal which involved purchasing a controlling stake (59%) of the company in February, by July this year, the deadline for an agreement on purchasing the remaining shares was missed, with CITIC’s stake remaining at 59%, causing investor discourse and affecting the company’s share prices.

Mr. Tsui joined KVB Kunlun in August 2013 from GKFX Asia where, as Managing Director for the Asia Pacific region, he set up and managed three offices in mainland China, and one in Hong Kong.

Prior to joining GKFX, Mr. Tsui was Customer Service and Sales Manager at Goldenway Investments in Hong Kong, a position that he held for one and a half years after joining the firm from FXCM Asia, where he spent five years as Assistant Sales Manager.

Mr. Tsui holds a BBA in Accounting and Management of Information Systems from City University of Hong Kong, from which he graduated in 2002, and is a regular speaker at FX industry events on issues relating to how to operate in the all-important Asia Pacific region.