Singapore Private Market Exchange ADDX Appoints Ex-SGX Chew Sutat as ADDX Chairman, Board Director of ADDX Parent ICHX Tech Since 2018
15th June 2023 | Hong Kong
Singapore headquartered private market exchange ADDX has appointed ex-SGX (Singapore Exchange) Senior Managing Director Chew Sutat as ADDX Chairman. Chew Sutat is also a Board Director of ADDX parent ICHX Tech since 2018 and chairs ADDX platform’s listing committee since 2019. Chew Sutat has 25 years of experience in the financial services industry including 14 years at SGX (Singapore Exchange, Global Head of Sales Origination). Prior to SGX, he was at Standard Chartered Bank, OCBC Securities and DBS Bank. Chew Sutat is currently a lead independent director at Yangzijiang Financial Holding, Board Member & Chair of Sustainability Committee at Income Insurance (Singapore), Corporate Advisor to CGS-CIMB Securities Group CEO, and Senior Advisor at Teneo. ADDX: “As chairman, Mr 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.” Danny Toe remains as ICHX Tech Chairman & CEO, and Oi-Yee Choo remains as ADDX CEO. ICHX Tech Pte Ltd is the holding company for ADDX.
” Singapore Private Market Exchange ADDX Appoints Ex-SGX Chew Sutat as ADDX Chairman, Board Director of ADDX Parent ICHX Tech Since 2018 “
ICHX Tech CEO Danny Toe,: “Sutat has demonstrated his ability to drive innovation and growth in a highly competitive and regulated industry – the transformation of SGX from an Asian gateway into a global multi-asset exchange over his 14 years of service is testament to that. His regulatory know-how, experience and expertise from his time at SGX will be invaluable as we set our sights on regional expansion. Sutat will play a critical role in ensuring ADDX is well-governed and positioned for long-term success. I am confident that he will provide the high-level strategic thinking and leadership needed to help ADDX penetrate and navigate markets beyond Singapore’s shores.”
ADDX Chairman Chew Sutat:: “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. Together, we will continue to drive growth and innovation to democratise private markets and unlock opportunities for investors.”
Singapore Private Market Exchange ADDX Appoints Ex-SGX Chew Sutat as ADDX Chairman
ADDX appoints ex-SGX (Singapore Exchange) Senior Managing Director Chew Sutat as ADDX Chairman. Chew Sutat is also a Board Director of ADDX parent ICHX Tech since 2018 and chairs ADDX platform’s listing committee since 2019.
Chew Sutat has 25 years of experience in the financial services industry including 14 years at SGX (Singapore Exchange, Global Head of Sales Origination). Prior to SGX, he was at Standard Chartered Bank, OCBC Securities and DBS Bank. Chew Sutat is currently a lead independent director at Yangzijiang Financial Holding, Board Member & Chair of Sustainability Committee at Income Insurance (Singapore), Corporate Advisor to CGS-CIMB Securities Group CEO, and Senior Advisor at Teneo.
ADDX
ADDX is a global private market exchange headquartered in Singapore. The company is on a mission to make investing fairer by democratising private markets. The full-service capital market platform has raised a total of US$140 million in funding since its inception in 2017, including US$50 million in its Series A round in January 2021 and US$78 million in its Pre-Series B round, which began in May 2022 and was extended in November that year. Its shareholders[i] include Singapore Exchange (SGX), the Stock Exchange of Thailand, Temasek subsidiary Heliconia Capital, the Development Bank of Japan, UOB, Hamilton Lane, Tokai Tokyo Financial Holdings and KB Securities, a subsidiary of Korea’s largest banking group KB Financial Group. >ADDX has been approved by the Monetary Authority of Singapore as a recognised market operator (RMO). It also has a capital markets services (CMS) license to deal in securities and collective investment schemes as well as to provide custodial services. It currently serves individual accredited investors from 39 countries spanning Asia Pacific, Europe and the Americas (except the US). ADDX also serves wealth managers and corporate investors through its institutional service, ADDX Advantage.
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