Penguin Securities group announced the appointment of Simon But as Head of Finance and Accounting

Simon But joins from HSBC Institutional Trust Services (Singapore) Ltd who was a Senior Manager oversight the overall fund administration in Singapore for Unit Trusts, Hedge funds and Private Equity Funds.
Simon But said: “I am delighted to have this opportunity to be part of Penguin Securities Group and work with the talented founding members to achieve the company mission together. Integrating traditional financial markets with the latest technology is an exciting and interesting journey.”
Kentaro Kawabe, Co-founder/CEO said: “Simon brings tremendous experiences and proven track record of financial services and operational workflows, we are pleased to welcome Simon to Penguin Securities Group and confident he will help us achieve our goals as we continue to focus on building our platform, product, and services.

About Simon But

• 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.

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/