Firm Achieved US$1.5 Billion in Transaction Volumes in December 2017; Established as "Go To" Institutional Cryptocurrency Brokerage
HONG KONG, Feb. 22, 2018 /PRNewswire/ -- Octagon Strategy Limited ("OSL") (www.octfinancial.com), a global top three cryptocurrency brokerage firm, today announced the appointment of Wayne Trench as Chief Executive Officer and Julia Pang as Chief Operating Officer. Founder and Managing Director, Dave Chapman, is named OSL Chairman following Trench's appointment. OSL simultaneously announced close to US$1.5 billion in cryptocurrency transactions for December 2017 as it charts course for global industry leadership and forecasts 2018 as the "Year of Adoption" for cryptocurrencies across the international markets.
OSL is the largest OTC digital asset brokerage in Asia-Pacific and manages the buying and selling of all major cryptocurrencies with clients in more than 50 countries worldwide, including financial institutions, family offices and high net worth individuals. With these appointments, OSL adds to its extensive risk management expertise and exemplary over-the-counter (OTC) trading services across 20+ time zones. Key OSL advantages are access to deep pools of liquidity, extensive industry connections, unique market insight and sophisticated trading strategies. These are backed by the team's proven expertise in the cryptocurrency and blockchain industries, as well as trading, banking and technology experience. OSL has established itself as the "go to" institutional brokerage for the fast-growing cryptocurrency market due to its strength in trading, risk management, compliance and security.
Trench and Pang are the first of a series of OSL management appointments planned for 2018, marking a clear trend of senior professionals moving from traditional financial institutions into the digital asset space. Trench joins OSL from Morgan Stanley Asia where he was Executive Director and Head of Electronic Trading Coverage, responsible for the largest, most profitable electronic trading team in the region. He brings more than 15 years of trading and investment banking experience to OSL, having previously held senior roles in leading financial institutions across the APAC region, including Macquarie Bank. Trench has been an active investor in the blockchain and cryptocurrency space since 2014. Julia Pang has more than 20 years of corporate and institutional banking experience, including Standard Chartered Bank, Citibank and ANZ. Prior to OSL, she held the position of Managing Director, Financial Institutions Group, Asia Pacific at Banco Santander.
Dave Chapman, Chairman of OSL said today, "We are delighted that Wayne and Julia are joining our fast-growing firm. Their experience will be invaluable as we see ever-increasing inflows of institutional funds, both into OSL specifically and the cryptocurrency market generally. Their appointments signify a clear maturation of the industry and it is a natural progression that talent will follow. This marks a new growth chapter for OSL and we are forecasting 2018 as the year cryptocurrencies become mainstream. Growth in the cryptocurrency space shows no signs of slowing and having talented professionals, with strong financial and investment backgrounds, means we can deliver world-class OTC trading services."
Wayne Trench, CEO, said today, "My vision for the business is to ensure OSL builds and retains global market leadership in cryptocurrency brokerage, attracting world-class clients and talent in the process. As a strong believer in the utility of digital assets, as well as the underlying blockchain technology, I am delighted to have joined the OSL team. This is a particularly exciting time in the crypto-space as institutional adoption is ramping up aggressively. This is precisely where OSL can deliver significant value in terms of execution, regulatory compliance, best in class security and bank-like risk controls."
Julia Pang, COO, continued, "OSL is the largest and most experienced Asia-based digital asset broker, consistently ranking amongst the top three globally. OSL is respected within the industry for strong corporate governance and a robust risk framework. Our focus for 2018 is to become the "go to" resource for institutional crypto investment flow and my appointment is part of this mission. OSL leads in the vital areas of trading, risk, compliance and security and this is what differentiates us," concluded Pang.
Octagon Strategy Limited
OSL is the largest digital asset broker in Asia Pacific, harnessing the combined potential of seasoned professionals in the financial trading and banking technology space. The firm has a selection of relevant offerings in addition to its market-leading OTC trading services including API/RFQ integration, market making and tailored services covering pre- and post-ICO trades as well as bespoke fund account servicing.