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).
Choo Oi Yee, CCO of iSTOX
Source: iSTOX
iSTOX is a platform established and operated by ICHX Tech Pte Ltd., which was admitted into the Monetary Authority of Singapore's (MAS) Fintech Regulatory Sandbox 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."
