Invast Global poaches Johan Koo from CMC Markets
Sydney-based prime-of-prime provider Invast Global has hired Johan Koo as it doubles down on investing in its liquidity franchise. He steps into the role of Head of Prime Services for the APAC region (ex. Japan) with immediate effect.
Koo served most recently at CMC Markets Connect, the institutional business arm of UK’s biggest spread better, as an institutional sales manager. He joined the group’s APAC regional hub in Sydney, which provides a bespoke brokerage service for banks, brokers, funds and trading desks.
Johan brings to the role 13 years of financial market experience spanning a combination of boutique brokerages and major institutions. His addition will augment the team’s sales of liquidity solutions and he will be focused on further developing the global sales of Invast Global’s growing wholesale brokerage, as well as technology sales and client acquisition.
Prior to landing at the Australian broker, Johan had served in an analogous role with Sydney-based FX and CFDs broker, ACY Securities. He also spent more than two years as Head of Trading and Senior Derivatives Dealer at easyMarkets, based out of Sydney, New South Wales. This was preceded by a short stint as a senior corporate trader at the Australian subsidiary of Canadian firm, FIRMA Foreign Exchange.
Earlier in his career, Koo worked for nearly three years as a Sales Consultant/PBE at HSBC, his LinkedIn profile shows.
Andrew’s wealth of experience in Prime Services, with a focus on global hedge funds uniquely positions him to work with Invast’s sophisticated investors. The unit caters to a client segment that includes mid-sized hedge funds and family offices and other buy-side institutions, which are currently experiencing a variety of challenges, such as accessing the wholesale foreign exchange price matching community via a prime brokerage model.
Invast Global has been ramping up hiring to capture more market share in a booming PoP environment. Traditionally, only the largest funds and institutions have been able to get access to the benefits provided by the non-bank market makers. This is because access has relied on the client having a tier one prime broker relationship.
The new hires also follow growing global demand for Invast’s PurePrime facility. Tailored for institutional clients, brokerages, hedge funds and sophisticated traders, PurePrime offers optimised FX and CFD liquidity via multiple trading GUIs or API, backed by tier one prime brokers.