Singapore-based global private market exchange, ADDX, has announced the appointment of Mr Chew Sutat as its chairman. Mr Chew, a former senior managing director at the Singapore Exchange (SGX), brings with him extensive experience and expertise in the financial services industry. With his appointment, ADDX aims to solidify its position in the global private market space and drive growth and innovation as it looks towards regional expansion.
Mr Chew has a distinguished career spanning over 25 years in various leadership roles within the financial services industry. Prior to his appointment at ADDX, he served as the senior managing director at SGX, where he headed the global sales and origination team and oversaw the management of the exchange’s international offices across 10 cities. His strategic thinking and expertise acquired during his time at SGX will prove invaluable to ADDX as it seeks to establish itself as a major player in the private market sector.
Before his tenure at SGX, Mr Chew held senior positions at esteemed financial institutions such as Standard Chartered Bank, OCBC Securities, and DBS Bank. Currently, he serves as a lead independent director at Yangzijiang Financial Holding and as a board member at Income Insurance. He is also actively involved in the social sector, contributing his expertise through various National Council of Social Service committees.
Headquartered in Singapore, ADDX is a regulated platform that aims to democratize private markets and make investing fairer. By leveraging blockchain and smart contract technology, ADDX streamlines the issuance, custody, and distribution of private market products, reducing manual interventions. The use of digital securities allows for fractionalization of investments, making it possible for investors to participate with minimum investment sizes as low as US$1,000, compared to the traditional minimum of US$1 million. This breakthrough widens investor access to private markets and paves the way for a more inclusive investment landscape.
Since its establishment in September 2022, ADDX has listed more than 70 deals on its platform, collaborating with prominent names in the industry, including Hamilton Lane, Partners Group, Investcorp, Singtel, UOB, CGS-CIMB, and Temasek-owned entities Mapletree, Azalea, SeaTown, and Fullerton Fund Management. The platform offers a diverse range of asset classes, encompassing private equity, hedge funds, venture capital, private credit, real estate, debt, and structured products.
As chairman of ADDX, Mr Chew will provide high-level guidance and leadership to the executive team, setting the company’s strategic direction and overseeing its growth and innovation initiatives. His extensive experience and regulatory know-how will be instrumental in ensuring ADDX’s long-term success, particularly as the company aims to penetrate and navigate markets beyond Singapore’s borders.
“I am delighted to join ADDX as chairman and work with the team on strategies to increase liquidity and scale in the private market sector. ADDX has already made significant strides in this area, and I am excited to build on this success and bridge the gap between public and private markets. Together, we will continue to drive growth and innovation to democratize private markets and unlock opportunities for investors.”Mr Chew stated, expressing his enthusiasm about his new role
With the appointment of Mr Chew Sutat as chairman, ADDX is poised to strengthen its position in the global private market landscape and drive transformative change in the investment industry. As the company expands regionally, it is expected to bring increased liquidity and accessibility to private markets, empowering a broader range of investors and revolutionizing the way investments are made.