Edgewater hires Chan Chong San to expand APAC business with new approach to Asian NDF trading

Rick Steves

“Chong San joins Edgewater at a moment when technology is transforming FX markets globally, but especially in the APAC region.”

Edgewater Markets has appointed Chan Chong San as Managing Director of APAC to lead the firm’s Singapore office, supporting continued investment and growth in the region.

Chan Chong San’s hire comes as Edgewater has made significant investment in Asia in response to client and market demand, growing headcount across development, operations and sales teams in the region.

These new hires come on the heels of the firm’s 2022 expansion of its data center footprint to include Equinix Singapore SG1, and its adding capacity and redundancy to its presence at TY3 Equinix Tokyo.

FinanceFeeds has recently interviewed Edgewater COO Matt Kassel and CPO Brian Andreyko about the rise of Non-Deliverable Forwards (NDFs), the company’s success, the future of global FX and commodity markets, and Edgewater’s white label solution.

“Tremendous expansion in the APAC region”

Chan Chong San, Managing Director of APAC at Edgewater Markets, said: “I’m excited to be joining Edgewater at a time of tremendous expansion in the APAC region. Edgewater’s commitment – with both experience and ‘boots on the ground’ – to understanding local markets truly sets the firm apart and provides clients with capabilities and opportunities that cannot be found elsewhere.”

Matt Kassel, Chief Operating Officer at Edgewater, commented: “Chong San joins Edgewater at a moment when technology is transforming FX markets globally, but especially in the APAC region. While we have had an presence in Asia for more than a decade, we are now bringing unprecedented power and access to banks and financial institutions locally, exemplified by new technology for trading Asian NDF pairs. Chong San is the perfect person to lead this effort, and we’re thrilled to welcome him to the team.”

Chan Chong San is a 30-year industry veteran who has repeatedly spearheaded significant growth of FX trading volumes and revenues and has demonstrated deep experience in the non-deliverable forward (NDF) space.

He joined Edgewater after serving as Chief Executive Officer of GFI Group Singapore, where he doubled the firm’s regional targeted revenue over a three-year period.

He has also held senior positions at Nittan Capital and OCBC Bank, and previously worked at firms including HSBC, UBS, SinoPac and Industrial Bank of Japan.

Edgewater opens office in Brazil, covers top 5 LATAM currencies

The provider of technology, trade execution and liquidity aggregation across foreign exchange (FX) and precious metals is enjoying significant global momentum as demand grows beyond Asia, including in the LATAM region, where the company recently opened an office in Sao Paulo, Brazil and made key senior hires there.

Industry veteran Charles Achoa, whose hiring was announced by Edgewater in October, will run the São Paulo office.

Edgewater facilitates foreign exchange trading for financial institutions around the world, including the top 5 LatAm currencies: the Chilean Peso (CLP), the Mexican Peso (MXN), the Brazilian Real (BRL), the Colombian Peso (COP) and the Peruvian Sol (PEN). The company recently added several new local providers for MXN and BRL to its robust roster.

The firm’s white-label solutions, customized technology, and liquidity aggregation will be at the service of Brazilian financial institutions looking to advance their technology and access Edgewater’s extensive network of global FX market participants.

Throughout a year of significant growth, Edgewater has made a substantial number of senior hires globally in technology, operations, sales and support. This includes new Asia- and London-based development teams and operations leadership, a senior sales hire in London, and numerous hires across the front-, middle- and back-office at the firm’s Connecticut headquarters.

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