(Bloomberg) — Dymon Asia Capital has hired Lee Beng Hong, the former head of wholesale markets and platforms at Singapore Exchange Ltd., to oversee its treasury, trading and technology functions.

Lee will be a partner at the Singapore-based hedge fund, according to a spokesperson for the firm. Dymon Asia manages $4.7 billion in assets.

The firm has been expanding across the region after announcing a plan in 2019 to switch from a macro investment fund to a pod shop that employs teams of investors with different strategies.

Dymon Asia has opened or expanded offices in places including Hong Kong, Dubai, Tokyo, Mumbai and its home base of Singapore since then, and employs almost 300 staff.

Lee’s “deep expertise in the financial markets and leadership experience will be invaluable as we embark on our next phase of growth,” Dymon Asia Capital co-CEO Mark Wong said in a statement.

Lee was one of the most senior executives at the company that runs Singapore’s bourse before his resignation earlier this month. He had spent over 16 years at Deutsche Bank AG where he headed its financing and solutions group for North Asia.

To contact the reporter on this story:
David Ramli in Singapore at dramli1@bloomberg.net

To contact the editors responsible for this story:
Lulu Yilun Chen at ychen447@bloomberg.net
Jun Luo, Anshuman Daga