ADDX Appoints Former SGX Senior MD Chew Sutat as Chairmanby Fintech News Singapore June 15, 2023
Global private market exchange ADDX has appointed Chew Sutat, former senior Managing Director at the Singapore Exchange (SGX), as its chairman.
He has sat on the board of ICHX Tech, parent company of ADDX, since 2018 and chaired the ADDX platform’s listing committee since 2019.
ADDX began regulated activities in September 2022, after it was approved by the Monetary Authority of Singapore to take over operations of the ADDX platform from ICHX Tech.
Chew will serve as chairman of ADDX and board member of ICHX Tech concurrently. Danny Toe will remain chairman and Chief Executive Officer of ICHX Tech, while Oi-Yee Choo will remain CEO of ADDX.
As chairman, Chew will provide high-level guidance and leadership to help entrench ADDX’s position in the global private market space.
He will work closely with the executive team to set the company’s strategic direction as well as drive growth and innovation, as the business looks toward regional expansion.
Chew has 25 years of experience in the financial services industry, having served in various leadership roles throughout his career.
With extensive experience at SGX, where he headed the global sales and origination team and managed the bourse’s international offices across 10 cities. Prior to SGX, he held senior roles at Standard Chartered Bank, OCBC Securities and DBS Bank.
Chew Sutat said,
“I am delighted to join ADDX as chairman and to work with the team on strategies to increase liquidity and scale in the private market sector.
ADDX has already made significant strides in this area, and I am excited to work with the team to build on this success and bridge the gulf between public and private markets.”