Singapore’s Digital Asset Exchange (SDAX) has announced the appointment of Sunil Mascarenhas as its new Chief Executive Officer.

Mascarenhas brings over three decades of experience in international banking, with a background in risk, governance, and cross-border business management.

He has held senior roles at several major financial institutions, including Barclays, Deutsche Bank, Morgan Stanley, and ANZ, where he led teams across Singapore, Hong Kong, London, Australia, and India.

His career spans investment and corporate banking, private wealth, asset management, and alternative investments.

Mascarenhas has overseen large-scale initiatives across the three lines of defence, focusing on product governance, regulatory compliance, and enterprise-wide risk frameworks.

He has also led the development of global product approval structures, including those related to digital assets, and played a role in regulatory and governance reforms across key markets.

His cross-border work includes due diligence and integration efforts in the United Kingdom, Spain, and the Asia Pacific, aligning business objectives with regulatory requirements.

Commenting on the appointment, Azman Jaafar, Chairman of SDAX Financial Group, said:

“SDAX is taking steps to strengthen its leadership and sharpen its strategic focus. Sunil brings that rare combination of strategic clarity, regulatory depth, and operational rigour. His experience across global financial institutions and ability to navigate and lead through complexity make him well-placed to guide SDAX forward with purpose.”

Mascarenhas holds a Master of Arts (Honours) in Economics from St John’s College, University of Cambridge.

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