Regulated Digital Asset Derivatives

Arnab Sen is our Chief Executive Officer, responsible for setting the firm’s strategic direction and overseeing its overall growth, investment philosophy, and execution. He brings extensive experience as a founder, portfolio manager, and investor across Asian and global markets, with a career spanning hedge funds, proprietary trading, and asset management. His leadership combines strong investment judgment with disciplined risk management and a long‑term, fundamentals‑driven approach. Prior to co‑founding the firm, Arnab was Founder and CIO of Harbour Capital Management and held senior portfolio management roles at Nezu Asia, HSZ Limited, and UBS Warburg. Across these roles, he managed multi‑strategy equity portfolios, led both quantitative screening and bottom‑up research processes, and operated in highly complex market environments. A Cambridge graduate, Arnab is recognised for his deep market insight, entrepreneurial mindset, and ability to build and lead high‑performing investment organisations.

Rajesh Melwani is our Co‑Founder of the firm and serves as Chief Commercial Officer and Chief Financial Officer, with responsibility for commercial strategy, financial oversight, and operational governance. He plays a central role in shaping the firm’s growth trajectory, revenue model, and financial discipline, drawing on broad experience across trading, institutional client coverage, and regulated business operations. Rajesh has held senior leadership roles across global financial institutions and asset managers including Harbour Capital Management, Bank of America Merrill Lynch, UBS Securities Asia, and Barclays Capital. His background spans APAC equities and derivatives, institutional sales, and licensed business oversight, including serving as a Responsible Officer. He brings a strong combination of market insight, commercial judgment, and governance focus to building scalable businesses in complex, highly regulated environments.

Jon Mann is our Chief Technology Officer, bringing over twenty years of senior leadership experience across software development and technology operations. He has led large‑scale engineering and systems teams of more than 200 people, delivering high‑performance, resilient platforms in highly regulated, mission‑critical environments. Jon has held senior roles at IBM Global Services, Sun Microsystems, and Orc Software (OMX/NASDAQ), and was an original member of Eclipse Trading, where he led software development for proprietary high‑frequency, low‑latency derivatives market‑making systems. He has been actively involved in blockchain and digital asset technology since 2012, advising major digital asset exchanges and trading firms, and brings deep expertise at the intersection of advanced technology, capital markets, and next‑generation financial infrastructure.

Sabrina Wilson is our Chief Operating Officer. She brings deep expertise in financial markets and market infrastructure, with a career spanning electronic and algorithmic trading, clearing, prime brokerage, and digital assets. She works closely with the executive team on its growth strategy as well as to ensure the firm operates with strong controls, scalability, and regulatory discipline. Sabrina has held senior leadership roles across global financial institutions and high ‑ growth fintech environments, including Goldman Sachs, JPMorgan, Deutsche Bank, and Citi where she served as Managing Director, Global Head of Futures, OTC Clearing, and FX Prime Brokerage, as well as Global Head of Listed Electronic Execution. More recently she held the role of Group Chief Operating Officer of Copper Technologies (UK) Ltd, a leading institutional digital‑asset infrastructure firm. She brings a strong track record of building and leading complex global organisations, delivering transformation and sustainable growth while maintaining rigorous standards of governance and regulatory engagement. Sabrina is also an experienced Board Member across the banking industry (NatWest Markets UK plc – Chair of Risk Committee) and the FinTech sector.

Mark Woodward is our Global Head of Compliance and Regulatory Affairs, responsible for defining and overseeing the firm’s regulatory strategy, compliance framework, and global regulatory engagement. He brings deep experience across financial markets and market infrastructure, with particular expertise in the trading and clearing of derivatives and commodities together with navigating complex regulatory regimes. Prior to joining the firm, Mark spent nearly two decades at Intercontinental Exchange, where he played a key role in the creation and growth of ICE Clear Europe and ICE Futures Europe and worked closely with regulators, boards, and market participants on major strategic and regulatory initiatives. He has also held senior regulatory and compliance roles at BP and the UK Financial Services Authority and brings a strong track record of disciplined regulatory engagement, governance, and execution in highly regulated environments.

Greg Griffin is our Chief Product Officer, responsible for defining and delivering the firm’s product strategy across trading, market structure, and technology‑enabled capabilities. He brings an extensive background in quantitative trading, derivatives, and software development, with deep expertise in designing and scaling automated trading systems and market‑facing products in complex, fast‑moving environments. Greg has held senior leadership and trading roles across global financial institutions and proprietary trading firms, including as a member of the senior management team at Eclipse Trading and as an Executive Director at Morgan Stanley, where he helped build and expand automated market‑making businesses across the US, Europe, and Asia. More recently, he founded and led a quantitative cryptocurrency trading firm Demarc Capital and brings a strong track record of combining quantitative insight, engineering depth, and commercial judgment to build high‑performance products at the intersection of markets and technology.

Thavy Read is our Chief Human Resource Officer, responsible for setting and delivering the firm’s people strategy across talent, culture, governance, and organisational effectiveness. She partners closely with executive leadership to ensure the organisation attracts, develops, and retains high‑performing teams, while maintaining strong alignment with business objectives in a highly regulated, international environment. With extensive experience leading complex HR agendas across multiple jurisdictions, Thavy brings a pragmatic, commercially focused approach to people leadership. She is recognised for her sound judgment on sensitive employee matters, her emphasis on fairness and compliance, and her ability to communicate with clarity and empathy at all levels of the organisation. Based in Hong Kong, she plays a central role in supporting the firm’s global workforce and leadership team.

Nicholas Studholme‑Wilson is our Chief Operating Officer, Asia, responsible for overseeing the firm’s risk management and regional operations and governance. He brings over thirty years of experience across alternative investments, hedge funds, and asset management, with deep expertise in building and operating investment platforms, managing operational and regulatory risk, and working with global institutional investors. Nick has held senior leadership roles as Partner, Portfolio Manager, and Chief Operating Officer across hedge fund and private investment firms in Hong Kong and the UK. His experience spans fund launches, infrastructure build‑outs, regulatory engagement, and investment risk oversight, including managing businesses through periods of market stress. He brings a strong track record of disciplined operational leadership, sound judgment, and execution in complex, multi‑asset investment environments.

Huong Hauduc is our Head of Legal, responsible for leading the firm’s legal strategy, governance framework, and legal risk management across all jurisdictions. She brings extensive experience advising boards and executive teams across financial markets, fintech, trading, and digital asset businesses, with deep expertise in regulatory engagement, complex transactions, and operating in evolving regulatory environments. Prior to joining the firm, Huong held senior legal leadership roles across global financial institutions and market infrastructure firms, including serving as General Counsel and Chief Compliance Officer at regulated digital asset and brokerage businesses, and as Head of Legal at a major derivatives clearing house. She has led cross‑border licensing, regulatory investigations, market entry initiatives, and legal frameworks for new products, and brings a strong track record of pragmatic, commercially grounded legal leadership in highly regulated and high‑growth environments.

Neil Thomas is our Head of Business Development, responsible for driving the firm’s growth strategy, institutional client relationships, and strategic partnerships across global markets. He brings deep experience across financial market infrastructure, exchanges, data services, and digital assets, with a strong track record of building scalable revenue streams and expanding regulated businesses. Neil has held senior commercial and leadership roles at global organisations including SIX Group and Thomson Reuters and was a founding leader of a MAS‑regulated digital asset and digital securities exchange. His experience spans launching new exchange businesses, working closely with regulators, and growing institutional client franchises across regions. He is known for combining commercial insight with disciplined execution to deliver sustainable growth in complex, highly regulated markets.

Luke Lam is our Head of Software Development, responsible for leading the development and performance optimisation of the firm’s core software platforms. He oversees the build and evolution of low‑latency, high‑reliability trading systems, ensuring engineering standards support scalability, resilience, and production‑grade performance across market‑facing technology. Luke brings a strong background in electronic trading systems and core platform engineering, with hands‑on experience across market data processing, order management, execution engines, and infrastructure. He has developed and supported automated trading and market‑making systems used across major Asia‑Pacific exchanges, and is known for combining deep technical judgment with a pragmatic, delivery‑focused approach to building and maintaining mission‑critical trading software.

Magda Barszczewska is our Head of Finance, responsible for overseeing the firm’s financial operations, reporting, budgeting, and regulatory finance requirements across multiple jurisdictions. She brings deep expertise across management accounting, financial planning, tax, capital adequacy, and regulatory reporting, with a strong track record of building scalable finance functions in complex, regulated environments. Magda has held senior finance leadership roles within global financial services organisations, progressing from early‑stage finance build‑out to Finance Director‑level responsibilities. She has led multi‑entity finance teams, supported international expansion and post‑Brexit restructuring, implemented robust financial controls and systems, and partnered closely with senior leadership on long‑term financial strategy. She brings a practical, commercially focused approach to financial stewardship and operational excellence.

Lee Hogarth is our Head of Market Surveillance, responsible for overseeing market monitoring, benchmark surveillance, and market integrity across the firm’s trading activities. He brings over three decades of experience across derivatives, fixed income, FX, commodities, and equity markets, with a strong focus on surveillance design, escalation processes, and regulatory reporting. Lee has held senior surveillance and trading roles across major exchanges and market participants, including leading benchmark surveillance functions and working closely with regulators and oversight committees. His background spans both front‑line trading and market oversight, and he is known for combining strong market intuition with disciplined controls, robust surveillance frameworks, and effective engagement with regulators in highly regulated environments.

Francesca Fiorilli is our Head of Quantitative and Data Analysis, leading the firm’s quantitative and data strategy across analytics, modelling, and systematic decision‑making. She brings deep expertise across multi‑asset classes, including equities, fixed income, FX, derivatives, and digital assets, and oversees the design and governance of advanced quantitative frameworks that support trading, risk management, and strategic growth. With a career spanning global financial institutions and high‑growth environments, Francesca combines strong technical depth with proven leadership and regulatory fluency. A former academic with a Ph.D. in mechanical engineering from NYU Tandon and a Master in space engineering from La Sapienza, she is recognised for translating complex quantitative insight into clear, commercially relevant outcomes, and for building high‑performing teams that operate effectively within fast‑moving, highly regulated environments.

Dom Penton is our Strategic Advisor, supporting the firm’s leadership team on strategic positioning, institutional engagement, and governance. He brings extensive experience across global investment markets and has held senior leadership roles within international financial institutions, including serving as Managing Director and Head of Equity Sales at Bank of America Merrill Lynch in both Hong Kong and the UK. He has acted as a key relationship manager to top‑tier institutional clients across a broad and complex product suite, including prime brokerage services. Dom brings considerable experience in implementing and overseeing compliance with internal governance frameworks and external regulatory requirements. His more recent work includes product development at Floww, a venture capital platform, and strategic financial consulting on digital asset initiatives. An active investor in early‑stage fintech companies, he also brings prior regulatory licensing experience, supporting informed and practical advisory input across traditional and emerging financial markets.

Simon Fraser is our Strategic Advisor, supporting the firm on market structure, execution, clearing, and the design of institutional trading and post‑trade solutions across listed derivatives and OTC markets. He brings a practitioner’s perspective shaped by hands‑on leadership in futures and options execution, clearing, and client solution development across global venues. Simon has held senior leadership roles within global financial institutions, including leading APAC Futures & Options client solutions and product development at Bank of America Merrill Lynch. He has managed regional teams delivering clearing and trading solutions across a broad range of exchanges and CCPs, and established client‑facing coverage for proprietary trading and high‑frequency firms. In addition to senior advisory roles, Simon has contributed to industry governance through participation in market committees and forums, bringing a grounded, market‑infrastructure‑focused perspective to strategic decision‑making.

Roger is a highly respected figure in the European futures industry and a leading expert in financial market infrastructure. He has extensive experience engaging with regulators across the UK, US, EU, and Abu Dhabi, providing strategic insights into the evolving regulatory landscape for exchanges and clearinghouses. Roger served for 12 years as a Non-Executive Director on the boards of Intercontinental Exchange’s (ICE) European and Middle Eastern futures exchanges, CCPs, and trade repositories. He also chaired Risk Committees at both ICE Clear Europe and LCH.Clearnet Ltd playing a key role in strengthening risk governance and regulatory compliance. His deep expertise in clearing, trading, and post-trade infrastructure makes him a valuable contributor to global financial markets.

David Kenmir is a seasoned financial services leader with extensive experience in regulatory oversight, governance, and risk management. He spent 13 years at PwC as a Partner in the Financial Services Risk & Regulatory Practice, advising firms on conduct, culture, and licensing. He also served on the PwC UK Supervisory Board, chairing the Partner Affairs Committee and overseeing governance in areas such as strategy, performance, culture, ethics, and diversity. Prior to PwC, David spent 20 years at the UK’s financial regulatory bodies, including the FSA (now FCA), where he held senior leadership roles, including Chief Operating Officer and Managing Director of Retail Markets. With a deep understanding of regulatory frameworks and boardroom governance, he now serves as an Independent Non-Executive Director and Advisor across several financial institutions.

Pierre-Dominique has 30-years of experience in financial markets, especially in Market Infrastructures such as Euronext, Clearnet SA and LCH SA, the Paris-based CCP of LSEG. Pierre-Dominique was appointed Chief of Staff of LCH SA in 2014 after occupying various positions in the company as Executive Director – Customer, Market & Infrastructure Director and Head of Repo & Exchanges Director. He managed the relationships with upstream (Exchanges and MTFs) and downstream (I-CSDs) partners and market participants. Pierre-Dominique was responsible for implementing major European marketplace projects such as EMIR, CCP Recovery & Resolution, Target 2 and Target 2 Securities implementations, MiFiD 1 & 2 and CSDR reforms. Pierre-Dominique was an active member of many financial market institutions such as EACH (European Association of Clearing Houses), ICMA, ESMA post Trade Working Group, France Post-Marché (ex AFTI), AMAFI (Association Française des Marchés Financiers) and AFEI (Association Française des Entreprises d’Investissement). Pierre-Dominique is currently the Lead Manager of CBDC experiments program at Banque de France. In parallel, he is teaching digital currencies and CCP clearing at Université Paris 1 Panthéon-Sorbonne.

Frederick Towfigh is our Chairman, providing strategic oversight and guidance to the board and executive leadership. He brings a long‑standing career across Asia‑Pacific financial markets and currently serves as a strategic advisor to a number of early‑stage fintech businesses, supporting their growth, governance, and market positioning. Fred previously held senior leadership roles at Goldman Sachs, including serving as an Operating Partner at SoftBank Investment Advisors and as a Partner and President of Goldman Sachs (Singapore). During his tenure, he led major regional franchises across prime brokerage, futures, electronic trading, synthetic products, equities, and fixed income. Beyond his professional roles, Fred is active in philanthropy as a regional board member of Room to Read, and brings a global perspective shaped by leadership experience across Hong Kong, Tokyo, and Singapore.

James Paradise is our Senior Board Advisor, providing strategic guidance to the board and executive leadership on market structure, global markets strategy, governance, and risk oversight. He brings extensive experience across global financial markets, with a career spanning senior leadership roles in equities, prime brokerage, derivatives, and institutional client businesses. James previously held senior leadership positions at Goldman Sachs, including serving as co‑President of Asia Pacific ex‑Japan and Head of the Global Markets Division in Asia Pacific. He has served on a range of firmwide and regional management, risk, and governance committees, contributing to strategic decision‑making, conduct oversight, and enterprise risk management. Earlier in his career, he played a key role in establishing and growing prime brokerage, derivatives, and equity‑linked businesses across Asia and Europe. He brings a board‑level perspective grounded in large‑scale market operations, governance, and global institutional markets.