BPI Financial Group Limited. (BPIF Group) through its subsidiaries, has license to operate regulated businesses in Hong Kong and Singapore. BPIF is a subsidiary of a Hong Kong Exchange listed company – Theme International Holdings Limited.
Theme International Holdings is a listed company on the Hong Kong Exchange since 1994 with a market capitalisation of HKD 1.5 billion (as of 25 Jan 2018). The promoters of BPIF acquired majority shares of Theme International Holdings with the aim of transforming it from a garment business into a financial powerhouse. The rationale behind this is to create a strong footprint in both global derivatives and equity markets including asset management and other financial services.
The shareholders collectively represent different segments of the industry including producers and miners (of bulk commodities – iron ore and coking coal), consumers of bulk commodities (top steel producer) and commodity trading funds (bringing a financial trading perspective which is distinct from physical commodity market).
BPIF Group aspires to establish a financial services platform facilitating international trade in commodities with combined access to both physical and derivatives market.
The spirit and aspiration in starting BPIF Group is to establish a financial services platform facilitating international trade in commodities with combined access to both physical and derivatives market. The service providers in the market in general and more so in Asia, are fragmented. Traditional market participants operate either solely in physical commodity market or entirely in the financial space.. The ability to combine services access to both the derivatives and physical market powerful and allows firms in that combined space with greater reach to its customers.
BPIF Group through its subsidiaries, hold a Securities and Futures Commission (SFC) Type 2 license in Hong Kong and has a regulatory exemption in Singapore to offer interdealer brokerage services for negotiated large trades in commodity futures. The SFC Type 2 license allows BPIF Group's subsidiary, Bright Point International Futures Limited, to collect customer funds for the purposes of dealing, clearing and settlement of derivatives across multi assets and multi exchanges and clearing houses globally.
Mr Kenny Mah is the CEO of BPIF. Previously, he was the Director of Sales and Dealing with Straits Financial. He was responsible for the establishment and management of the Sales and Dealing desk of Straits Financial Group.
In his previous experience, Mr Mah has acquired and serviced clients including investment banks, oil majors, hedge funds, State-owned companies, trading companies and high net worth individuals. He brings strong experience in sales, trading and dealing of derivatives of various asset classes including dry bulk commodities, precious and base metals, energy, agricultural, equity indices and FX.
Mr Mah holds a Bachelor's degree with double major in Economics and Finance (Cum Laude) from the Singapore Management University.
Ms Wang XuanYi is the head of the interdealer broking team at BPIF Group. Previously, she was Director of the derivatives trading team at Concord Fortune Resources in Singapore. She brings well over 10 years of experience in commodity and derivatives trading, brokering and sales. Ms Wang is well regarded in the bulk commodities business and particularly so among the Chinese bulk commodity networks.
Ms Wang holds a Bachelors degree in Business from the University of Brighton in UK.
Mr Phoon Wing Kit heads the dealing desk for BPIF. Previously at Straits Financial, Mr Kit was a commodity dealer and broker at Straits Financial Group. He has been with Straits Financial since the inception for over 6 years and was instrumental in the growth and development of the CFD (Contract for Differences) business for Straits Financial.
Mr Phoon holds a Bachelors degree in Mechanical Engineering from the National University of Singapore.