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 listing 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.

You can download our rulebook here

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 bottom-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

Willie Chang Chief Executive Officer

Willie Chang is the CEO of Hg Exchange. He has twenty years of experience spanning fintech, investment banking and management consulting.

He most recently built and launched Wowoo Exchange Singapore, where he also served as CEO. Previously, Willie was the Head of Strategic Planning and Business Development at Mizuho Securities in Singapore and also held management positions at Lehman Brothers and Deloitte Consulting.

He has an MBA with Honours from the Kellogg School of Management at Northwestern 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.

Khai Lin Sng Director

Khai Lin is the co-founder and Chief Financial Officer of Fundnel — Southeast Asia's largest private investment platform — where is responsible for formulating financial and growth strategies across five country markets.

In recognition of her achievements, Khai Lin was conferred an honouree of the Spirit of Enterprise Award in 2019. In the preceding year, she received the Entrepreneur Award at the 2018 Women of the Future South East Asia Awards. She was also presented with the Stellar at the Women Entrepreneur Awards 2018, for her outstanding entrepreneurial qualities exhibited in pioneering private equity investments in Singapore.

Khai Lin has significant expertise in banking and private investments, possessing more than five years of experience working at JP Morgan, Citibank and CIMB-GK Securities. She graduated with top honours from University College London (UCL) with a Bachelor of Science (BSc) in Economics.

Gerald Ong Advisory Board Member

Gerald Ong Chong Keng is the Deputy Chairman and Executive Director of the PrimePartners Corporate Finance Group. 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.

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 of the Singapore Institute of International Affairs (SIIA).

Juzar Motiwalla Advisory Board Member

Juzar Motiwalla is a Co-Founder of high-performance and high-security blockchain platform Zilliqa.

He was a venture capitalist, focusing on technology investments in Silicon Valley and Asia. Previously, Juzar has spearheaded the development of several multi-year international R&D partnerships with Apple, IBM Ericsson and Johns Hopkins. Dr. Motiwalla has 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

Luke Lim is part of the advisory board member of Hg Exchange.

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 He has held various roles within PhillipCapital Group of companies since 2004.

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.

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.

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