Discover your dream Career
For Recruiters
There’s a new kid on the block.

This bond trading platform is hoovering up talent in Hong Kong

A new trading platform for the Asian bond market that was spun out of the Singapore Exchange (SGX)  is bulking up  in Hong Hong.
XinTru is a joint venture between  SGX, US credit trading specialist Trumid and private equity firm Hillhouse Capital. It launched in February and has made a series of eye-catching hires.

The JV operates Trumid XT,  a trading platform that connects SGX’s Bond Pro and Trumid’s Market Center. Loh Boon Chye, CEO of SGX refers to TrumidXt as “the missing link between Asian and U.S. markets.”

Trumid XT’s status as a new fintech has already attracted trading talent in Hong Kong. This month it hired Killian Tracey, the former head of Asian credit trading at Credit Agricole CIB as a managing director. Tom Carlone also joined as an MD from Citi Securities-owned brokerage CLSA.

Trumid has also been hiring for business development roles. Joseph Li, a former director in fixed income currencies and commodities (FICC) at Huatai Financial Holdings,  has joined as head of business development. Anshul Birla who spent seven years at Barclays before helping develop Bond Pro at SGX, has joined as head of business development in Singapore.

SGX led a $53 million funding round for Trumid in 2018. In 2019, Hillhouse Capital came on board as an investor.

Trumid XT’s management team is headed by chief revenue officer Ben Falloon, a former head of fixed income at Morgan Stanley who is based in Hong Kong,  and chief operating officer Mark Leahy, the former head of fixed income at SGX who works in Singapore, according to their LinkedIn profiles.

Have a confidential story, tip, or comment you’d like to share? Contact: sbutcher@efinancialcareers.com in the first instance. Whatsapp/Signal/Telegram also available. Bear with us if you leave a comment at the bottom of this article: all our comments are moderated by human beings. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. Eventually it will – unless it’s offensive or libelous (in which case it won’t.)

Photo by The Creative Exchange on Unsplash

author-card-avatar
AUTHORDavid Rothnie Insider Comment

Apply for jobs

Find thousands of jobs in financial services and technology by signing up to eFinancialCareers today.

Boost your career

Find thousands of job opportunities by signing up to eFinancialCareers today.
Latest Jobs
Selby Jennings Technology
AWS Windows Engineer
Selby Jennings Technology
New York, United States
Selby Jennings
Software Engineer - C++, Low Latency
Selby Jennings
Austin, United States
Selby Jennings Technology
VP Product Manager
Selby Jennings Technology
Meriden, United States
Asian Infrastructure Investment Bank
Procurement Specialist (4973) (Base in Beijing)
Asian Infrastructure Investment Bank
New York, United States
Asian Infrastructure Investment Bank
Social Development Associate (4972) (Base in Beijing)
Asian Infrastructure Investment Bank
New York, United States
Stanford Black
Full Stack Engineer – Typescript Node React
Stanford Black
Chicago, United States