ADDX appoints Oi-Yee Choo as CEO

Oi-Yee Choo will be appointed CEO, subject to the Monetary Authority of Singapore's (MAS) approval. Ms Choo joined the company as Chief Commercial Officer in January 2020, moving from UBS, where she was Head of Investment Banking for Singapore. MAS approval is being sought for ADDX Pte Ltd, a newly established entity which Ms Choo will lead as CEO, to operate the ADDX platform. ADDX Pte Ltd is fully owned by parent company ICHX Tech, which will continue to operate the ADDX platform under existing licenses until new MAS approvals are obtained for ADDX Pte Ltd. Following Ms Choo's appointment, Mr Danny Toe, who has been at the helm of the ADDX platform via ICHX Tech, will remain CEO of ICHX Tech 1. With more than 20 years of capital markets experience at banks, including Morgan Stanley, Nomura and Citigroup, Ms Choo has worked on notable M-A and IPO deals, including the listing of Suntec REIT and Parkway Life REIT on Singapore Exchange (SGX).

Additional appointments include Darius Liu as Group Chief Strategy Officer (COO) of ICHX Tech (having previously held the position of Chief Operating Officer) and Inmoo Hwang as COO (having previously been Head of Business Strategy and Growth).