ADDX Appoints Former SGX Senior MD Chew Sutat as Chairman

World non-public market alternate ADDX has appointed Chew Sutat, former senior Managing Director on the Singapore Trade (SGX), as its chairman.

He has sat on the board of ICHX Tech, mum or dad firm of ADDX, since 2018 and chaired the ADDX platform’s itemizing committee since 2019.

ADDX started regulated actions in September 2022, after it was accredited by the Financial Authority of Singapore to take over operations of the ADDX platform from ICHX Tech.

Chew will function chairman of ADDX  and board member of ICHX Tech concurrently. Danny Toe will stay chairman and Chief Government Officer of ICHX Tech, whereas Oi-Yee Choo will stay CEO of ADDX.

As chairman, Chew will present high-level steerage and management to assist entrench ADDX’s place within the international non-public market house.

He’ll work intently with the chief staff to set the corporate’s strategic path in addition to drive development and innovation, because the enterprise appears to be like towards regional enlargement.

Chew has 25 years of expertise within the monetary companies trade, having served in numerous management roles all through his profession.

With in depth expertise at SGX, the place he headed the worldwide gross sales and origination staff and managed the bourse’s worldwide workplaces throughout 10 cities. Previous to SGX, he held senior roles at Normal Chartered Financial institution, OCBC Securities and DBS Financial institution.

Chew Sutat mentioned,

“I’m delighted to affix ADDX as chairman and to work with the staff on methods to extend liquidity and scale within the non-public market sector.

 

ADDX has already made important strides on this space, and I’m excited to work with the staff to construct on this success and bridge the gulf between private and non-private markets.”