Penguin Securities

Graduated from Sophia University (Japan) in 2004 with a B.A. in Economics.

After working at Deutsche Bank Tokyo Branch, BofA Securities Japan and JPMorgan Securities Japan, he joined BNP Paribas Securities Japan and led as the Head Electronic and Algorithmic trading services, Head of Cash Equities (Japan) and most recently headed the Market Access Product Sales team in the Global Markets division.

With 19 years of experience in securities business, extensively covered/managed the business areas such as Equity execution service, Electronic Trading, Alternative liquidity access, Equity Derivatives trading, ETF/Delta-One trading, Securities financing/repos and Prime Origination Sales in FX.

As part of the management role, focused on team management, business development, client relationships, risk control management, vendor/platform integration, internal project management with IT/Compliance/Legal/Operations and engagements with vendor/exchange operators/regulators.

Degree in Economics from the Faculty of Economics at Tokyo University

In 2014, moved to Barclays Bank's Singapore branch, providing a wide range of forex products and solutions not only to Japanese clients but also to global macro hedge funds, financial institutions, and major global corporations. This trading coverage was extended beyond G10 currencies to include those of Asia, EEMEA, and emerging markets including Latin America.

Managed all types of forex trading, including vanilla options of hundreds of billions based on JPY, volatility swaps, forward Vol Agreements, multi-currency options (Dual/Triple Digital, Dual DNT, Cross currency Knock-out, Worst-of), and even more exotic tailor-made financial products.

From 2021 to 2023, engaged with Bastion Trading, the Hong Kong-based crypto hedge fund as one of the main asset traders including crypto.

In addition, has experience in handling and dealing with crypto assets, even prior to the COVID-19 pandemic.

Dropped out of the political and Economics of Waseda University prior to entrepreneurship. In 2013, founded Cocon Inc. (GMO Cybersecurity by Ierae, Inc.) while a university student.

From the start-up phase to later stages of the founded company, dedicated and managed to expand cybersecurity business utilizing M&A as the Founder and CEO.

Succeeded to raise fund of USD 52 million in equity – primary investors being JIC VGI of Japan sovereign fund, Z Venture Capital of Softbank group CVC, SOMPO of the leading insurance company in Japan and SBI CVC subsidiary of Japanese financial company etc.​

In February 2022, sold founded company for an equity value of approximately US$ 173 million to the GMO Internet Group, Inc.(TSE:9449).

Entrepreneurial accomplishments have been recognized, including being listed on Forbes Asia's Under 30 list.

Degree in Asian Studies (Chinese) from the Faculty of Arts at Latrobe University.

An accomplished professional in Digital Assets and Banking, serves as Chief Client Officer at Penguin Securities. He oversees the client relationships across a wide spectrum, including digital asset firms, institutional investors, hedge funds, external asset managers (EAMs), single family offices (SFOs), multi-family offices (MFOs), and private accredited investors.

Prior to Penguin Securities, Steve cultivated strong business ties across Australia, Singapore, and the ASEAN region for over 16 years. He played a key role in building ANZ Singapore in 2010. He joined Mizuho Bank in 2013 and built out the Global Transaction Banking unit.

In 2019 his focus shifted to the burgeoning digital asset market, where he has carefully guided and educated accredited and institutional investors, most notably at Sygnum Bank, as they evolved their investment portfolio to embrace digital assets.

Bachelor of Science in Business Information Systems from the University of Portsmouth, United Kingdom. Notably, he was awarded the prestigious Pingat Bakti Masyarakat (PBM), a Singaporean national honour recognizing his outstanding contributions to the community.

Over 20 years of experience leading and driving success in technology and business development. Throughout his career, he has honed his skills at Schroder & CO (Asia), NCS Singapore, and Nodeam, a Singaporean IT management firm acquired by Penguin Securities. Possesses a deep and broad skillset that empowers him to:

• Design innovative, custom-built portfolio management solutions

• Develop digital asset trading ecosystems

• Manage business accounts across finance, wealth management, and government domains

• Deliver successful projects in these same sectors

His expertise extends beyond technical skills and is a trusted advisor who can effectively advocate for and sell key innovations and technological solutions, ensuring they align with the ever-changing needs of today's dynamic business environment.

Graduated from HKSI Hong Kong with a major in Business in 1999.

With over 20+ years of banking experience acting as an Operations leader who oversees the teams across different regions to run daily operations supporting business-critical functions across multiple Business units. Also, managed overall scopes to deliver external and internal audit exercises, risk and control management, resources management, budgeting and transformation projects involving system upgrades or migrations and innovation processes aligned with the business strategy of driving increased revenues and reducing manual tasks/processes across the organization.

Overall, scope of experience generally covers full end to end operations experiences including AML and KYC, Credit Documentation, Client & Product data management, Settlements, Clearing, Custody Services, Asset Servicing, Stock Borrowing/Lending, Client Asset Management, Tax Operations, Payments, and Syndicated transactions across business divisions in a bank. Utilized experience and expert knowledge to consistently deliver successful outcomes on projects related to processes re-engineering, operational efficiency, resource management and transformation of operating models.

Graduated from National University of Singapore with a major in Business Administration.

With extensive years of experience in risk and compliance, Chung Yee is adept at driving control, compliance, and governance systems, conducting enterprise risk assessments, and carrying out internal auditing, forensic, and investigative procedures. Her ability to identify gaps within companies and create practical solutions has made her services valuable to a diverse range of businesses, including multinational corporations and SGX-listed companies with a presence across the Asia Pacific region.

During her recent employment with both Sparrow Tech and PayPal, she has deepened her expertise in fintech operations, specifically focusing on payment and digital payment token services. Notably, she played a pivotal role in assisting Sparrow Tech and PayPal throughout their applications for the Major Payment Institution (MPI) license.

Chung Yee will play a pivotal role within Penguin Securities Holdings Pte. Ltd. as Chief Compliance and Risk Officer to obtain necessary licenses for our core business and to stay ahead of the regulatory curve.

Graduated from Hong Kong University of Science and Technology with a BBA in Accounting in 2000.

With over 20 years of experience, Simon is a highly skilled professional in the financial services industry, with a strong background in fund accounting, global custody operation, process re-engineering and optimization, product development and project management. Prior to joining Penguin Securities, Simon was the senior manager at fund administration at HSBC Institutional Trust Services (Singapore) Ltd heading the operations of unit trusts, hedge funds and private equity funds. His scopes covered fund valuation with accurate securities pricing and appropriate accounting treatment, financial statements, asset servicing and payment.

In addition, he drove operational efficiency across Asean countries. He was also seconded to Taiwan leading a strategic client onboarding project.

At Penguin, Simon will closely work with all the key stakeholders to manage the daily operations of the accounting department, establishing and enforcing proper record in accordance with Singapore’s financial reporting standards and its regulatory requirements.

Graduated from the Faculty of Science at Tokyo University of Science.

Joined Daiwa Securities in 1992. Since April 2021, he serves as the Deputy Head of Planning and IT Operations. As of April 2024, Senior Managing Director (in charge of IT and Operations) at Daiwa Securities Group, and Executive Managing Director of Daiwa Securities.

Since 2019, serving as a member of the board of directors of Japan Security Token Offering Association, and since 2021, as an outside director of Osaka Digital Exchange.

Since 2021, leading the security token business and digital asset business within the Daiwa Securities Group.

Appointed as a Director of our company in March 2024.