About Us

Who are we

Hg Exchange (HGX) is a private exchange formed by an alliance of leading financial intermediaries, individually licensed and regulated by the Monetary Authority of Singapore.

Our technology infrastructure is underpinned by advanced blockchain technology and proven exchange solutions to enable secure and efficient cross-border issuance and trading of both digital and non-digital capital market products.

We open up access to private market opportunities — in private equity and venture capital funds, and high-growth companies — to a global network of 500,000 investors.

Redefining status quo

The very first stock exchange was founded in the 1900s. It was member-owned and self-regulated. Over time, it evolved to what we are familiar with today — stock exchanges are private entities driven by profit.

As a consortium-led private exchange, we take a bottoms-up approach to build the Exchange of the Future. By uniting financial institutions, broker-dealers, corporate finance advisors, and other leading capital markets entities, HGX offers the most comprehensive network for buyers and sellers in the ecosystem.

Our mission is to create an equitable trading platform by bringing operational transparency, fair competition and cost-efficiency to the private capital markets.

Our Leadership

Amrit Kumar Advisory Board Member

Amrit Kumar is the President, Chief Scientific Officer and co-founder of Zilliqa.

Focusing predominantly on areas of security, privacy and applied cryptography, Amrit’s research has been widely published at conferences such as IEEE/IFIP and IFIP TC-11 SEC. Amrit received his PhD from Université Grenoble-Alpes, France and was hosted at Inria's Grenoble center.

Prior to his PhD, Amrit obtained a Master’s Degree in Security, Cryptology and Coding of Information Systems from École Nationale Supérieure d’Informatique et Mathématiques Apliquées de Grenoble, France.

Gerald Ong Advisory Board Member

Mr Gerald Ong Chong Keng is Deputy Chairman and Executive Director of the PrimePartners Corporate Finance Group and is Chairman of Aseana Properties Ltd (listed on the London Stock Exchange Main List). He is also a Director of Metro Holdings (listed on the SGX-ST).

Mr Ong has more than 25 years of corporate finance-related experience. He has held senior positions at various financial institutions including NM Rothschilds & Sons (Singapore) Ltd, the DBS Bank Group, Tokyo-Mitsubishi International (Singapore) Pte Ltd and Hong Leong (Malaysia) Group. During his time with these institutions, Mr Ong’s duties encompassed the provision of a wide variety of Corporate Finance services including advisory, M&A activities and fundraising exercises incorporating various structures such as equity, debt, equity-linked and derivative-enhanced issues.

Mr Ong has been recognised as an IBF Distinguished Fellow and sits as a member of various MAS-led committees. He is also a Council Member and Treasurer of the Singapore Institute of International Affairs (SIIA). He is an alumnus of the National University of Singapore, University of British Columbia and Harvard Business School.

Juzar Motiwalla Advisory Board Member

Juzar Motiwalla is the co-founder of Zilliqa Research and Anquan Capital. He was a venture capitalist responsible for investments in Silicon Valley and Asia. He has been involved in several international M&A transactions.

Previous to that he was CEO of a 400-person research corporation where he led the formation of several global R&D centres, including with Apple and IBM. He was also a Professor at the National University of Singapore. He holds a PhD from the University of Wisconsin - Madison.

Kelvin Lee Advisory Board Member

Kelvin is the co-founder and Chief Executive Officer of Fundnel — Southeast Asia's largest private investment platform — where he is responsible for driving growth and strategic initiatives across every facet of the business.

Under his leadership, the company has achieved a total deal origination value of US$6 billion. Fundnel has also since expanded its footprint out of Singapore to Malaysia, Indonesia, Brunei and India.

The former investment banker was previously with J.P. Morgan covering clients in North and Southeast Asia and had raised over US$20 billion for them. Prior to which, he was with Standard Chartered working on leveraged and acquisition finance, balance sheet and capital structure optimisation, and other alternative structured capital raising solutions.

Luke Lim Advisory Board Member

As the Managing Director of Phillip Securities Pte Ltd (PSPL), Luke oversees PSPL's daily operational businesses, strategic directions and executes management decisions for performance-driven results in consultation with the board of directors. He honed his management leadership style having been responsible for various roles in the PhillipCapital Group of companies since 2004. His experience covers research solutions, overall strategy and business development. ​

He co-founded Poems Venture and was appointed Deputy Chairman of Securities Association of Singapore (SAS) in 2015, where he provided stewardship and guidance to fellow members.

Luke graduated from Imperial College London with a Bachelor of Electrical and Electronic of Engineering and obtained a Master's degree in Business Administration from Nanyang Technological University.

Benjamin Twoon Director

Benjamin is the co-founder and Chief Operating Officer of Fundnel — Southeast Asia's largest private investment platform — where he is responsible for investments, business development and the operations of the company across five countries.

He spearheaded Fundnel’s expansion into Indonesia in 2015, and Brunei in 2017 and continues to play an integral part in formulating the strategy for each country.

Benjamin’s diverse career has spanned financial services, corporate finance and financial technology across various business levels. He was previously with Temasek Holding’s Oil & Gas investment arm, Pavilion Energy, CVCI Private Equity, and Citibank.

News Room

The story behind our name

Hg is the elemental symbol for Mercury.

Mercury is the sole metallic element that is liquid at standard conditions for temperature and pressure. It is utilised in thermometers for its trustworthiness and reliability – drawing a parallel to the fundamental ethos of the exchange.

Mercury also refers to the Roman deity who was the messenger to the gods – akin to the role of the exchange which bridges the gap between buyers and sellers to facilitate trade.


Get in Touch

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