iSTOX Names UBS MD Choo Oi Yee as its First CCO

iSTOX, a platform that offers end-to-end issuance, custody, and trading of digitized securities announced this Thursday that it has appointed Choo Oi Yee as its first Chief Commercial Officer (CCO).

iSTOX is a platform established and operated by ICHX Tech Pte Ltd., which was admitted into the Monetary Authority of Singapore's (MAS) Fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term Regulatory Sandbox Sandbox A sandbox is a commonly deployed term in the fintech universe, referring to a mechanism for developing regulation that keeps up with the fast pace of innovation.In scope of the computer science world, a sandbox is also associated with a closed testing environment that designed for experimenting safely with web or software projects.Sandboxes are very important to the regulatory field, though is also utilized within the digital economy space.The first regulatory sandbox was launched in the United A sandbox is a commonly deployed term in the fintech universe, referring to a mechanism for developing regulation that keeps up with the fast pace of innovation.In scope of the computer science world, a sandbox is also associated with a closed testing environment that designed for experimenting safely with web or software projects.Sandboxes are very important to the regulatory field, though is also utilized within the digital economy space.The first regulatory sandbox was launched in the United Read this Term earlier this year.

As the CCO of iSTOX, Choo will be in charge of leading the company’s overall business growth. According to the statement from the company, this will be achieved by building its network of investors and issuers. She will officially join the company’s management team in January 2020.

Choo joins iSTOX from UBS

Choo joins the company from UBS, where she has spent the past almost six years. While here, her most recent role is a Managing Director and Head of Singapore Corporate Client Solutions. In this position, she was responsible for the bank’s Singapore investment banking business.

Commenting on the appointment, Danny Toe, Founder and Chief Executive Officer of ICHX, said: "It was clear to us that we needed someone with Oi Yee's stature, reputation, and experience for our CCO role.

“Among other requirements, we needed someone with deep securities, issuance, and trading experience at a very senior level; someone with outstanding relationships with major institutional investors, business leaders, family offices, and others; and, most importantly, someone with a deep and instinctual understanding of the challenges and opportunities facing issuers and investors.”

During her career, which spans for more than two decades, Choo has worked at a number of tier-1 banks. This includes Morgan Stanley, where she was an Executive Director and Nomura’s operations in Singapore and Citigroup investment bank, among other roles.

According to iSTOX, Choo is joining the company at a strategically important period, as the platform has put in place plans to grow its base of issuers and investors, as well as graduate from MAS’s Fintech Regulatory Sandbox in early 2020.

"I see some truly fundamental changes on the horizon for capital markets and I believe that Singapore -- and the iSTOX team -- are uniquely well positioned to take advantage of them," Choo said. "I'm very excited to be joining the team and look forward to helping iSTOX grow into the platform of choice for 21st century issuance and investment."