Jon Vollemaere’s R5FX enters Singapore

Emerging markets FX firm R5FX, headed by FinTech entrepreneur Jon Vollameare, has received full authorization from the Monetary Authority of Singapore (MAS), Singapore’s official financial markets regulator, to begin live trading in the third most prominent destination for interbank FX in the world.

R5FX’s entry into Singapore begain quite some time ago, and the firm has taken considerable time in enlisting some prominent talent to its board in the quest for entering the Asia Pacific region.

Back in September 2015, despite its emphasis on the five BRICS economies, the company began to display that blue blood was for certain an integral part of the board at R5FX, with Lord Flight having been elected.

Lord Flight is a Conservative politician in Britain, as well as a member of the House of Lords and is a director of several financial organizations with a bent toward the emerging markets. He is also on the board of directors of several well known companies including Investec asset Management as well as being Chairman of CIM Investment Management.

Emphasizing the company’s drive toward making a significant entry into Singapore, Eng Huat Tan joined the board alongside Lord Flight, bringing with him thirty five years of experience across large institutions, most recently having held the position of Head of Global Treasury at OCBC in Singapore, preceded by senior executive positions at Dresdner Bank, Swiss Bank Corporation and Overseas Union Bank, all in Singapore.

In January this year, Ben Li-Wong, a former Integral Development Corporation executive based in Singapore joined R5FX as Sales Executive.
The authorization from MAS and the company’s foray into Singapore’s sophisticated and established electronic currency trading market makes for a very stable location from which R5FX can approach some of its target emerging markets, which are located in the Asia Pacific region.