Lily Chia has been named the new head of equities and FICC sales, SGROA at Singapore Exchange (SGX), working across Singapore, ASEAN, Middle East, India, and Australia.
In this new position, Chia, who has spent almost two decades at SGX in various roles, will lead sales for equity, equity derivatives and FX derivatives.
Most recently, Chia was head of business integration & portfolio management, technology and prior to this, worked as head of commodities specialists and execution/clearing specialists.
Before joining SGX, she spent three years as middle office and credit manager at DBS Vickers Securities, and before that worked as a senior associate working in corporate strategy at SIMEX.
Back in 2021, SGX agreed to acquire FX trading platform, MaxxTrader, from FlexTrade Systems, for $125 million in a bid to further expand its FX remit. The turnkey FX trading platform is designed to allow sell-side institutions to privately manage and issue price information to clients and the market.
At the time, SGX said its strong sell-side client base complimented the buy-side clientele of BidFX, which it agreed to acquire the remaining stake of for $128 million in June last year. The exchange added the combined offerings of MaxxTrader and BidFX would enable it to create an FX ecosystem connecting the buy- and sell-side.