BNY Mellon chooses Singapore for new FX dealing room
US bank establishes FX presence in anticipation of growing demand
Bank of New York Mellon (BNY Mellon) has opened a new foreign exchange dealing room in Singapore in recognition of the city's status as the largest FX trading location in Asia-Pacific and in anticipation of higher demand for such services.
Focused primarily on G-10 currencies, along with USD/KRW non-deliverable forwards, the new dealing room is led by Keon Ho Kang, head of FX trading for Singapore.
Ho Kang, who has relocated from Singapore, now reports to Richard Gill, global co-head of FX
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