Chi-East, a joint venture of Chi-X Global and Singapore Exchange Limited, has appointed Ned Phillips as its CEO, effective immediately. Mr Phillips was most recently the CEO of BlocSec, an Asia-based crossing network, where he focused on agency and electronic equity trading, in particular, on growing the alternative crossing network community.
He began his career in the financial industry in 1994 when he joined Edinburgh Financial Publishing in Hong Kong. In 1999, he joined E*Trade to work in its agency equity division, specalising in the Asian equity markets. Four years later, he joined Investment Technology Group (ITG) as head of sales and established its Singapore office. He then returned to E*Trade in 2006 to be its Asian and Japan MD, responsible for its entire regional institutional equity business.
Gan Seow Ann, chairman of Chi-East, said: “We are very pleased to welcome Ned onboard to lead Chi-East. His wealth of experience will be invaluable as we establish the leading trading platform for Pan-Asian securities for our customers.”
