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The Singapore-based firm offering end-to-end issuance, custody, and trading of digitized securities, has hired a banking and investment industry veteran as its first chief commercial officer.
Singapore-based capital markets platform iSTOX has hired Choo Oi Yee as the firm’s chief commercial officer, to commence in January 2020, the firm announced in a press release on Thursday.
Choo has spent more than two decades in banking, including six years at UBS, where she most recently was the lender’s managing director and head of Singapore corporate client solutions. She has also held senior roles at Morgan Stanley, Nomura Singapore and Parkway Holdings, according to her LinkedIn profile.
In her new role, Choo will be responsible for driving the platform’s business growth and building its network of issuers and investors, the statement said, noting that iSTOX plans to grow its base of issuers and investors as it works towards graduation from MAS’s Fintech Regulatory Sandbox in early 2020.
In September, the Temasek and SGX-backed firm hired former Monetary Authority of Singapore deputy director Lim Mei Shen as its chief compliance officer, saying it hopes to leverage her technical expertise and experience to build its position as a trusted and transparent capital markets platform.
iSTOX shareholders include Singapore Exchange, Temasek Holdings subsidiary Heliconia, ICH Group and Kiatnakin Phatra Financial Group.
Questions & Answers
Q.When will Choo Oi Yee begin her new role at iSTOX?
When will Choo Oi Yee begin her new role at iSTOX?
Choo Oi Yee is scheduled to commence her role as chief commercial officer in January 2020, according to the firm's announcement.
Q.What will Choo Oi Yee's primary responsibilities be at iSTOX?
What will Choo Oi Yee's primary responsibilities be at iSTOX?
Her new role involves driving the platform’s business growth and expanding its network of both issuers and investors.
Q.Which other companies has Choo Oi Yee previously worked for?
Which other companies has Choo Oi Yee previously worked for?
She has held senior positions at UBS, Morgan Stanley, Nomura Singapore, and Parkway Holdings during her two-decade career in banking.
Q.What is the significance of iSTOX's plan to graduate from the MAS Fintech Regulatory Sandbox?
What is the significance of iSTOX's plan to graduate from the MAS Fintech Regulatory Sandbox?
Graduation from the Sandbox, expected in early 2020, suggests the platform is moving towards full regulatory approval for its operations.