The former Executive Director of Standard Chartered will be taking up a dual role to expand XREX’s global footprint and optimize product offering for clients.
Taiwan-based Blockchain TradeTech company XREX has welcomed Christopher Chye who will be taking the role of Managing Director of XREX Singapore and Director of Product.
Prior to his new role he was the Executive Director of Regional CEO Office at Standard Chartered Bank, and he brings with him a wealth of experience commercial and consumer banking, wealth management and financial crime compliance from his previous role as Director of Financial Crime.
“There is tremendous headroom for traditional finance and emerging technologies not to merely co-exist, but to spar, cross-pollinate, and indeed thrive together. With its robust infrastructure, access to top talent and supportive government posture, Singapore provides the quintessential platform for like-minded technopreneurs to zealously embrace human ingenuity and, together, advance the frontiers of technology and finance.” said Christopher.
In support of the bank’s concerted efforts to combat financial crime, Christopher also previously led Standard Chartered in implementing the bank’s enhanced Client Due Diligence standards in South Korea. With his latest role, he will be helping XREX spearhead their businesses and operations in Singapore, and play an instrumental role in bringing new value propositions to XREX’s clients.
“Christopher’s rich experience and deep knowledge in compliance and ability to work closely with local regulators add immeasurable value to XREX and its customers,” said Winston Hsiao, Chief Revenue Officer and XREX co-founder. “Singapore has a mature and clear regulator framework for the digital currency industry; XREX is looking forward to working with Christopher to expand our services in Singapore and beyond.”
The latest addition to the team is part of the expansion move by XREX. With the recent round of funding that raised over $17 million in investments, XREX is looking to acquire additional licenses and forge partnerships with financial institutions in emerging markets like India, Africa, Latin America, and Southeast Asia.