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Rainer Phua has stepped into a key role as Head of Liquidity Management at TMGM, a major trading and financial services firm.
Phua will work from TMGM’s regional office in Singapore, where he will oversee liquidity operations and manage important functions on-site. According to the firm, his presence in Singapore will let him work closely with the team and take care of vital tasks in person.
Phua brings over a decade of experience in risk and technology management to TMGM. Before joining the company, he worked at Fullerton Markets for more than nine years. During his time there, Phua served as Head of Risk Management for eight years and also as Head of Technology for nearly five years.
Phua Reveals Previous Work Experience
Before his role at Fullerton Markets, Phua held other roles that added to his expertise. He worked as a Risk Management Analyst at Blackwell Global for over two years. Before that, he spent two years as an Equity Dealer at UOB Kay Hian. Phua’s early jobs taught him how to handle financial risks and trading, skills he uses in his leadership today.
In a related update, TMGM got approval from Australian regulators after facing stop orders from the Australian Securities and Investments Commission in June this year.
According to the update, the stop orders limited TMGM from opening new accounts for retail clients and offering contracts for difference (CFDs). They prevented TMGM from doing some activities with retail customers.
ASIC Lifts Restrictions After TMGM Improvements
TMGM has reviewed its onboarding process and updated its retail investor questionnaire to meet regulatory standards. After these updates, ASIC lifted the stop orders.
Along with the changes in regulations, the company extended its alliance with Chelsea Football Club, a partnership that began last year. The company remains Chelsea’s Official Regional Online Forex and Trading Partner in the Asia-Pacific region.
The collaboration focuses on connecting with Chelsea’s fanbase in Asia. TMGM plans to use its multilingual platforms and strong market presence to create better fan experiences. The company believes this partnership will help it grow in the region and deepen its connection with sports fans.
Nick Yang, Chief Commercial Officer at TMGM, announced the extension of the partnership. Yang said the collaboration shows TMGM’s commitment to innovation and excellence. He explained that the partnership will create new opportunities and provide special experiences for fans and clients alike.
Yang said the partnership brings more excitement from Chelsea to fans in Asia-Pacific while using TMGM’s trading knowledge. He also said it will create stronger bonds with fans and expand the company’s reach.
With Rainer Phua’s appointment and TMGM’s renewed partnerships, the company is positioning itself for further success in the financial and trading sectors. Phua’s experience, combined with TMGM’s strategic decisions, is expected to strengthen the firm’s global influence and create new growth opportunities in the Asia-Pacific region.
