MonFX Pte Ltd, the independent Asia-Pacific (APAC) subsidiary of the Monex Group, has appointed Alvin Lai as Chief Executive Officer (CEO) and Lim Mei Shern as Head of Compliance. Lai’s appointment is subject to regulatory approval.
Lai has over 12 years of experience across APAC and has worked for Bloomberg and most recently as Regional Sales Director for Deutsche Börse Group 360T. His extensive experience in driving revenue, strategic planning and market knowledge will be crucial to the long-term growth strategy of MonFX.
Lai says: “I am excited about this opportunity at MonFX during such an important time for the industry. The COVID-19 pandemic has shown the vital role that FinTech must play in supporting businesses through this difficult economic situation. I look forward to working with our amazing team at Monex in our commitment to add value and grow together with the businesses, communities and people in this region.”
MonFX has also appointed Mei Shern, the former Deputy Director of the Monetary Authority of Singapore, as Head of Compliance. Most recently she was Head of Compliance of a digital securities exchange.
Mei Shern, Head of Compliance at MonFX says: “I am really pleased to have joined MonFX together with Alvin at an important juncture in our growth strategy and am excited to help shape the future of the business.”
Nick Edgeley, Non-Executive Director and CEO of Monex Europe, adds: “We’re delighted to welcome Alvin and Mei Shern to the MonFX team. We’re in an ideal position to strengthen our global presence. By anchoring our expertise in Singapore, we can provide expert advice and support forex trading in the Asian time zone.”
