MonFX Enhances Presence in APAC with Larger Singapore Office, Appoints New Head of Sales

MonFX Pte Ltd, the independent Asia-Pacific (APAC) subsidiary of the Monex Group, has moved into a larger Office Space in Singapore to accommodate its expansion plan in the region. Meanwhile, David Venn has been appointed as the Head of Sales at the company to lead the business expansion.

Founded in 2018 and headquartered in Singapore, MonFX has obtained both a Capital Markets Services (CMS) license​ and a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS).

Alvin Lai, CEO of MonFX, explained: "Singapore is a key global hub for our clients, with world-class infrastructure and business-friendly policies. As we continue serving existing clients and expanding our clientele among institutional and corporate entities, the new office will allow us to scale up, attract talent, and elevate service standards."

The newly appointed sales executive David Venn is an industry expert with several years of experience in building institutional and corporate client bases. He has been with Monex Europe, a European subsidiary of Monex Group, for over 10 years, having held roles including Senior Account Manager, Head of Desk, and Sales Manager during his tenure.

Venn said: "Our clients are turning to us and our products and services frequently to help them meet their FX risk management needs. I am honored to lead the Singapore Sales team as we work towards expanding our institutional and large corporate client base in the Asia Pacific and continue driving business growth."”