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About AFMF 2022
Since the Global Financial Crisis, the financial markets are undergoing fundamental changes and banks and financial institutions are facing increased challenges through digital disruption, new technologies and new capital and regulatory standards amidst revenue and cost pressures and more recently talent retention issues.
The Asia Financial Markets Forum (AFMF) is organised by Financial Markets Association of Singapore (FMAS) and co-hosted by Bloomberg, is especially relevant to the treasury and markets professionals in banks, financial institutions and hedge funds who face a major challenge in a how to stay ahead of the game. COVID-19 has further accelerated the transition towards a more digital customer base and workforce but has created a world where growth prospects are highly challenged.
Whilst the market volatility seen in 2021 and now 2022 has generally cause much realignment and transformation of the financial markets business, there is an open question about how to align the cost base with revenue drivers for the next phase.
C-suite leaders within our industry, more than ever before, need to carefully navigate their way through this tricky period by making important, strategic investment decisions today about their business, their people and their future. We are keenly aware of these challenges the industry is facing and it is our intention through the Asia Financial Markets Forum that the themes and speakers will bring new insights and thought leadership that’s required to help our leaders of today and nurture the leaders of tomorrow. The topics will showcase the current opportunities and challenges within our business and will deliver content that is thoughtful and unique. This forum event would provide an opportunity for regional Financial Markets practitioners to come together and will bring them closer to the market leaders and decision-makers in within the industry. This is especially relevant to the treasury and markets function in banks, financial institutions and corporates who face a major challenge in how to stay ahead of the game.
For this year, AFMF 2022 will be a physical face-to-face event this year which will feature a Keynote message by Mr. Tharman Shanmugaratnam, Senior Minister & Coordinating Minister for Social Policies, Chairman of Monetary Authority of Singapore, and a Keynote speech by Mr Alvin Tan, Minister of State, Ministry of Culture, Community and Youth & Ministry of Trade and Industry, Board Member of the Monetary Authority of Singapore. The forum will also include many other thought leaders from our industry sharing their valuable insights in panel discussions.
The content will focus on the three important themes that we have identified, which are:
Participants attending this forum will be key professionals in the treasury and capital markets ecosystem including banks, regulators, buy side professionals, C-suite leaders and important intermediaries such as vendors and brokers and platform providers.
Chairperson
AFMF 2022 Organising Committee
Global Head of FX Flow, FX Forwards Trading and EFX
Nomura Singapore
Treasurer
AFMF 2022 Organising Committee
Managing Director,
Head of Global Market Sales, Group Global Markets, UOB
Head of Marketing, ASEAN, ANZ and South Asia,
Bloomberg L.P.
Group Head of Trading, Treasury & Markets
DBS Bank Ltd
Head of Corporate Sector Coverage, APAC
ING Bank N.V. Singapore Branch
Head of Fixed Income, Currencies and Commodities (FICC)
Singapore Exchange Limited
Visiting Professor-in-Practice (IDEAS), Board of Systemic Risk Centre, Emeritus Governor
The London School of Economics and Political Science (LSE)
Events Manager
Bloomberg L.P.
Managing Director,
Financial Markets Association of Singapore
Deputy President,
FMAS
Head of Global Treasury International
OCBC Bank Ltd
Head of Institutional Investors, FIG
Institutional Banking Group
DBS Bank Ltd
Managing Director
Bank of America
Head of ASEAN Corporate Communications,
Bloomberg L.P.
Financial Markets Association of Singapore
Independent Non-Executive Director, Chairman of the Risk Committee & Member of the Audit Committee,
HSBC Bank (Singapore) Limited
Managing Director, Head of Markets & Securities Services
HSBC
Financial Markets Association of Singapore
Head of Events - ASEAN, Australia & New Zealand,
Bloomberg L.P.
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Chairperson
AFMF 2024 Organising Committee
Global Head of FX Flow & EM Linear Rates Trading
Global Markets, AEJ
Nomura Singapore
Mr. Leng Hoe Lon is Global Head of FX Flow & EM Linear Rates Trading Global Markets, AEJ at Nomura Singapore. He also leads Nomura’s Cross Markets proprietary trading business in Asia.
Hoe Lon has 25 years of experience in trading and investing in financial markets. He started his career at Deutsche Bank, followed by trading roles across Asia and London with JP Morgan, ABN AMRO, Goldman Sachs, and Tudor Capital. Prior to joining Nomura, Hoe Lon was Head of Financial Markets (Singapore, Brunei and Australia) and Head of Macro Trading (ASEAN and South Asia) at Standard Chartered Bank.
In addition to his sellside and buyside experience, Hoe Lon has been a founder, advisor, and investor of various startups in Artificial Intelligence, Data Analytics, and Blockchain. He has published two books: Decrypted – A Financial Trader’s Take on Cryptocurrency and Deflated – How To Find Your Footing in a Shaky Blockchain Investment World.
Hoe Lon earned a bachelor’s degree from the University of Warwick, and he is a CFA charterholder.
Deputy Chairperson
AFMF 2024 Organising Committee
Managing Director,
Regional Head of Corporate Advisory, Global Financial Markets
DBS Bank Ltd
Ms. Eileen Chia is the Regional Head of Corporate Advisory Group at DBS. With over 25 years of banking experience in global financial markets, Eileen has an acute sense in driving business through cross border collaboration that harness the potential of network and resources. She is also a strong believer in tapping on expertise of teams across markets and product specialisation to customise client-centric solutions that best support customers’ needs.
Prior to DBS, Ms. Chia leads the global markets sales team at UOB supporting various client segments from financial institutions to large corporates, SMEs and retail customers. Ms. Chia spent the earlier part of her banking career in Bank of America before assuming leadership roles in Nomura and Bank of Tokyo Mitsubishi. Ms. Chia serves as the deputy president of Financial Markets Association of Singapore and is a supporter of the mentorship program under Financial Women’s Association of Singapore.
Head of Marketing, ASEAN, ANZ and South Asia,
Bloomberg L.P.
Eric is a curious marketer who had the privilege to enable brands and businesses achieve tangible results for more than 20 years. He prefers to think without boxes and believes in continuous learning. He also still harbours hope to be a professional footballer one day.
President, FMAS
Managing Director,
Group Head of Trading & Structuring
Global Financial Markets
DBS Bank Ltd
Jacky Tai is the Group Head of Trading & Structuring for Global Financial Markets at DBS Bank. Assuming this role since 2018, Jacky has been responsible for the management of trading, market making, product structuring and risk warehousing activities across asset classes regionally.
He joined Treasury & Markets at DBS in 1999 and was tasked to build up DBS Greater China trading operations in Hong Kong, Taiwan, and China. In addition to driving business outcomes, the teams in Greater China have also won many awards and accolades in local and derivatives markets from Asian Risk, Global Finance, Banker, and other leading market intelligence under Jacky’s stewardship.
An avid innovator and market pioneer, Jacky has also represented DBS Hong Kong, Singapore, and China in public forums and associations initiated by regulators such as the Hong Kong Treasury Market Association committee, ACI, ASFIMA task force, China QFII, Singapore RQFII, FX Global Code, Blue Book, China Bond Connect. Most recently, he was appointed as President of the Financial Markets Association of Singapore in January 2024 and previously held the role of Treasurer since 2021. Jacky is also a strong believer in embracing Asian connectivity and digitalisation for the advancement of financial markets. He was recently conferred the Singapore IBF Fellow Award in Financial Markets in 2022.
Before joining DBS Bank, Jacky was Head of Asian Derivatives Trading at Dresdner Bank AG. He has also worked at Nomura, and JP Morgan in Hong Kong, Singapore, and New York.
Jacky graduated with a Bachelor of Science (Hons) in Computer Science from the Chinese University of Hong Kong.
Head of Corporate Sector Coverage, APAC
ING Bank N.V. Singapore Branch
Jack was appointed as Head of Corporate Sector Coverage, APAC in 2022 overseeing a team of 200+ Sales professionals throughout the ING Wholesale Bank network. He joined ING in September 2011 and served as Head of Financial Markets, Hong Kong, and Regional Head of Client Solutions Group, before assuming the Head of Asia Sales role in 2015.
Jack started in the banking industry in 1993. Prior to ING, Jack was a Managing Director in Morgan Stanley where he joined in 2005 and headed the Regional Corporate Sales and solutions businesses. He also worked at JPMorgan Chase in New York, Hong Kong and Singapore for 8 years in various cross-assets roles covering institutional investors and corporates.
Jack holds a MS degree from Stanford University and a BS from The Ohio State University.
Treasurer
AFMF 2024 Organising Committee
Senior Managing Director
Head of Wholesale Markets & Platforms
SGX Group
As the Head of Wholesale Markets & Platforms, Mr Lee Beng Hong spearheads the growth and development of the Group’s off-exchange marketplace and cutting-edge technology services, in the areas of digitalisation and automation.
Mr Lee leads the Group’s platform technology, including its global leading electronic FX trading workflow platforms BidFX and MaxxTrader, and oversees the Group’s strategic investments in Trading Technologies, Trumid and Marketnode.
He has management responsibility for SGX CurrencyNode, the Group’s FX electronic communication network and Energy Market Company, the market operator of the National Electricity Market of Singapore. He also heads up SGX’s fixed income business, from origination, listing to trading.
Mr Lee joined the Group on 1 August 2019 to spearhead its fixed income, currencies and commodities business, as part of SGX Group’s efforts to build scale in multiple asset classes. Under his leadership, the Group’s FX business
expanded substantially beyond FX derivatives to include FX technology and workflow solutions.
With over 20 years of experience in financial markets, Mr Lee held various senior roles in Deutsche Bank, specialising in Asian FICC trading, structuring, sales and coverage. He most recently led Deutsche Bank’s financing and solutions group for North Asia, in addition to his responsibilities as Executive Vice President of Deutsche Bank China and Head of Global Markets, China.
He started his career in Deutsche Bank Singapore, where he managed rates and FX trading books across G3 and Asian markets.
Mr Lee holds a Master of Science in Financial Engineering from Nanyang Technological University, as well as a Master of Engineering (Civil) from National University of Singapore.
Master of Ceremonies
AFMF 2024
Visiting Professor-in-Practice
London School of Economics
Lutfey Siddiqi is a Visiting Professor-in-Practice at the London School of Economics where he also sits on the advisory boards of the Systemic Risk Centre, the foreign policy think-tank LSE IDEAS, and the Inclusion Initiative in the Behavioural Science department. He is an Emeritus Governor of LSE and a former member of LSE investment committee.
Concurrently, he is an Adjunct Professor at the National University of Singapore and advisory board member at the centre for governance and sustainability, NUS Business School.
He is a member of the governing board of UWC Atlantic College, Wales and a former member of the governing board of New City College Group, England.
Lutfey is a member of the World Economic Forum global future council on fiscal and monetary policy, having previously served on the councils for inclusive finance, capital markets, and infrastructure investment.
He was previously Global Head of Emerging Markets for Foreign Exchange, Rates & Credit at UBS Investment Bank where he was also the founding head of UBS Knowledge Network. Prior to that, he worked at Barclays and Deutsche bank in both London and Singapore.
Managing Director,
Financial Markets Association of Singapore
Ravi started his career in the financial markets as a broker followed by a couple of years’ stint in Tokyo. In 1994, Ravi joined HSBC’s Global Markets sales team in Singapore where he worked for twelve years covering execution flow in treasury products before joining Traditions to establish the THB IRS Desk. In 2006, Ravi joined SCB Singapore to cover the SEA Financial Institutions and Central Banks on flow execution and soon after, headed the bank’s sales desk. Ravi has always dedicated himself in building lasting relationships in Singapore and in the region.
In 2019, Ravi joined FMAS as the Managing Director, spearheading the association’s mandate for its members’ networking, education courses as well as mooting of the Asia Financial Market Forum. Ravi is also a member of ACI FMA Global Board of Education. Most importantly, Ravi is very proud and passionate about being part of the committee, instrumental in setting up the FMAS Trampoline Fund in 2020, an annual charity fundraising initiative of FMAS with more than 31 years of legacy
Deputy President,
FMAS
Head of Global Treasury International
OCBC Bank Ltd
Mr Samuel Koh joined Global Treasury, OCBC Bank in April 2013. His current role is the Head of Global Treasury International. With more than thirty years of experience in the financial market, he has been a thought leader at various stages of the development in the emerging markets in Asia. He started his career with Citibank Singapore in 1990 and has worked in various capacities in Citibank, Pacific Asset Management and OCBC Bank in Singapore, as well as HSBC and Bank of China in Hong Kong.
During the span of his career, he was involved in the development and trading of Asian regional currencies Interest Rate and FX Derivatives. In 1998, he transacted the first interbank Singapore Dollar interest rate option contract. On top of that, he spends time training and mentoring the newer generations of financial market professionals across many countries.
He is the Deputy President of the Financial Markets Association of Singapore (previously known as ACI Singapore). Within the organisation, he promotes the welfare and education of financial market practitioners in Singapore. He was the Chairman of the ACI Charity Golf which raises funds for charity organisations in Singapore in 2007, 2008 and 2017. He was awarded the 2019 Institute of Banking and Finance, IBF Fellowship Award, recognising his contribution to the financial industry in Singapore.
Mr Koh holds a Bachelor of Business Administration from the National University of Singapore and a Masters in Applied Finance from Macquarie University Australia.
Head of Institutional Investors, FIG
Institutional Banking Group
DBS Bank Ltd
Sneha joined DBS in 2022 as the Head of Institutional Investors within the FIG team in the Institutional Banking Group. Her responsibilities include coverage of NBFIs such as real money managers, sovereign wealth funds and hedge funds.She leads a team of specialists providing financing, investment and other banking products and is based in Singapore. Prior to this, she was the Head of Financial Markets, Asia for Westpac Banking Corporation where she was responsible for Westpac’s trading, sales and structuring activities across Fixed Income, Foreign Exchange and Commodities in dealing with corporate and institutional clients.
Sneha is actively engaged in the financial markets community through representation at the Executive Committee of FMAS, Singapore. She is a passionate advocate for about diversity and inclusion within financial markets.
Managing Director, Global Head of EFX Liquidity, Product & Governance Head of Asia EFX &
Transactional FX Trading Global Markets, FICC Trading
Bank of America
Ping Tan is a Managing Director at Bank of America (BofA). She heads the Asia EFX & Asia Transactional FX trading teams based out of Singapore, with global oversight of the principal EFX traders managing risks for the electronic FX franchise. Besides her trading risk mandate, she is also responsible for product development strategy across Global FX & Emerging Markets, including EFX to continue expanding BofA’s electronic offering, in addition to overseeing all regulatory and governance-related matters for EFX business globally.
Ping joined the BofA Singapore office in 2004 as an Emerging Markets FX trader before being posted to the London office in 2006 and established the EFX trading desk operation globally in 2007. She relocated to Hong Kong office in October 2015 to and had the opportunity to move back to the Singapore office in May 2022 on the back of her expanded global role into Product Strategy.
Beyond her day job, Ping is heavily involved in various D&I initiatives at the firm including BofA Philanthropy Committees in Hong Kong and Singapore, as well as past leadership roles chairing the APAC FICC Employee Engagement Committee, co-chair of Hong Kong Parents & Caregivers Network, APAC Women Leadership Council, Global Markets Campus Committee, and proud recipient of 2016 Global Volunteer Award. Outside the firm, she sits on FMAS (formerly ACI Singapore) Executive Committee and chairs the Women@FMAS sub-committee, represents FMAS in the Global ACI Women in Global Markets sub-committee.
Ping graduated from Nanyang Technological University of Singapore with a Bachelor’s Degree in Accountancy.