Penguin Securities Holdings Pte. Ltd. announcing their Co-founders and appointment of the Directors.
Penguin Securities group, provider of institutional-grade cryptocurrency derivatives products that are not offered by an approved exchange as defined under the Securities and Futures Act 2001, is announcing the following members as Co-founders and Directors of Penguin Securities Holdings Pte. Ltd., effective July 25th, 2023:
- Kentaro Kawabe, Co-founder/CEO, Director
- Sho Setoguchi, Co-founder/Head of Trading and Structuring, Director
- Yuya Kuratomi, Co-founder
- Kaman Wong, Head of Operations, Director
Kentaro Kawabe said: “We are thrilled to announce this first big step as a new innovator in the industry, and to provide our unique products and services to our customers. I’m proud to have this strong team and am confident in helping our customers achieve their investment goal. We are looking forward to working closely with our customers as well as our business partners and the industry-at-large to grow this new ecosystem…”
Sho Setoguchi said: “As a co-founder, I am both proud and humbled to announce the launch of our new company and my appointment as a director. In this era of rapid technological advancement, we recognise the paramount importance of setting high standards for ourselves and operating with integrity. We are committed to conducting our business in an honest and ethical manner. We sincerely believe that this approach will not only build a solid foundation for our company, but also contribute to the overall confidence and development of our industry.”
Yuya Kuratomi said: “I am very glad to announce the establishment of Penguin Securities Holdings Pte. Ltd., a financial startup with an experienced and sophisticated team. I will do my best to realize our mission: ‘Achieve a digital ecosystem where investors can solely focus on market risks to grow their wealth’. Please look forward to our business expansion.”
Kaman Wong said: “I am very proud to join the adventure of the establishment of Penguin Securities Holdings Pte. Ltd. and am definitely enjoying the excitement of the journey with the team. With our strong momentum and work ethic, we are very confident that we will be able to achieve our targeted goals and mission, and we are excited to finally be able to provide our customized services/products to our prestigious clients.”
About Kentaro Kawabe
- 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.
- Joined Penguin Securities Holdings Pte. Ltd. in July 2023.
About Sho Setoguchi
- 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.
- Joined Penguin Securities Holdings Pte.Ltd. in May 2023.
About Yuya Kuratomi
- 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).
- As the serial entrepreneur, in February 2023, established Penguin Securities Holdings Pte. Ltd.
- Entrepreneurial accomplishments have been recognized, including being listed on Forbes Asia’s Under 30 list.
About Kaman Wong
- 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.
- Joined Penguin Securities Holdings Pte. Ltd. in May 2023.
About Penguin Securities group:
Penguin Securities group and its affiliates offer institutional-grade cryptocurrency derivative investment products with innovative structures using cutting edge and the traditional finance. Such products are not offered by an approved exchange as defined under the Securities and Futures Act 2001 and none of the entities in the Penguin Securities group, including Penguin Securities Holdings Pte. Ltd., are regulated by the Monetary Authority of Singapore or any other regulatory authority in Singapore or in any other jurisdiction. This press release has not been reviewed by the Monetary Authority of Singapore.
Our mission is to achieve a digital ecosystem where investors can solely focus on market risks to grow their wealth. For more information, please visit https://penguinsecurities.sg/