Retail broker MultiBank Group has parted ways with Chun Lung Tang, who had served with the company as vice president of institutional sales for nearly two years. Tang left the Hong Kong-headquartered firm to take on the position of senior vice president at Zeal Capital Market (UK) Limited.
Zeal Capital is a financial institution specializing in providing multi-asset trading services to institutional investors through proprietary technology. The privately-held company is a wholly owned subsidiary of Zeal Holdings Limited.
Chun joins the FCA-regulated firm with six years of experience to enhance its institutional sales team in Asian markets, with the group eyeing a broader focus and growth in the region. Based out of Hong Kong, he will be focused on further developing the global sales of Zeal PoP business, as well as technology sales and client acquisition.
Tang’s career, which dates back to 2014, includes a range of electronic trading and sales roles. He had worked as an administration assistant at HSBC for less than a year. The bulk of his career was spent at ADSS where he originally joined the Abu Dhabi headquartered international brokerage as sales associate in 2015. During a three-year tenure, he worked his way up through several sales roles until he left and went to MultiBank in November 2018.
MultiBank Group is currently licensed and regulated by BaFin in Germany, FMA in Austria, CNMV in Spain, FSC in the BVI, ASIC in Australia, CIMA in the Caymans, and RAK in the UAE.
Interestingly, MultiBank is looking to employ a marketing manager in Dubai, part of whose responsibilities will be to oversee the company’s products related to cryptocurrencies. The job ad has been published amid FX brokers’ efforts in the region to unlock access to crypto-centric products using mainstream platforms, such as the Metatrader.
Crypto products in the Middle East are also targeted at wealthy investors seeking to enter the crypto market but don’t want to risk too much overexposure to underlying coins.