Board of Commisioners and Directors

Our Board of Commissioners and Directors has the duty of representing the balanced interests of the shareholders in attaining long term business and financial objectives and enforcing an oversight framework that ensures the integrity of our markets and business operations.

Michael Wang

President Commissioner ACM, ACCH

Mr Wang is the Chairman and CEO of CWT International Limited, a position he has held since February 2022.

He is also Chairman and Group CEO of CWT Pte. Limited and a director of Shanghai Stock Exchange A-Share-listed HY Energy Group Co. Ltd and NASDAQ listed Tuniu Corporation. Mr Wang has management and working experience in investment and financing, financial accounting and compliance.

Prior to joining CWT, he held senior positions with Deloitte LLP UK, Hung To Capital Limited, Qingdao Haier Co., Ltd. and several companies under HNA Group.

Michael holds a Bachelor’s degree in German from Shanghai International Studies University and a Master’s degree in Translation from the University of Bath in the United Kingdom. He is a Certified Public Accountant of the Hong Kong Institute of Certified Public Accountants and an associate of the Institute of Chartered Accountants in England and Wales.

Jeremy Ang

Commissioner ACM, ACCH

Mr Ang is the Global CEO of Straits Financial Group, the financial services arm of CWT Group, and has more than 30 years of experience in the commodities and derivatives industry. Straits Financial has been recognized by Futures and Options World (FOW) International Awards in various categories, including Best Non-Bank FCM (Futures Commission Merchant) in Asia.

Prior to joining Straits Financial Group, Jeremy was the CEO of the Singapore Commodities Exchange, expanding the exchange from a single-product to a multi-product commodity exchange.

He also headed the SGX Asia Clear Commodities initiative, launching Asia’s first multi-asset class clearing platform offering a one-stop clearing facility for freight, energy and agricultural products.

Prior to SGX, Mr Ang was part of the management team at DBS Vickers Securities (Singapore) and the REFCO group.

Patrick Chan

President Director of ACM

Mr Chan joined ACM in April 2023. He has been involved in the financial industry and derivatives since 2001.

After graduating from the National University of Singapore, Mr Chan worked for Citibank, UOB Bank, OCBC Private Bank in wealth management and investment advisory capacities. He joined CME Group in 2009 and worked in various sales and strategic functions. He established CME Group’s Hong Kong office in 2011 and was their head of North Asia as well as Head of Sales for Asia.

After leaving CME Group in 2017, he joined Asia Pacific Exchange as Managing Director, Head of Sales and Marketing. He subsequently left the exchange for Tiger brokers, serving as Managing Director, International and was Tiger Brokers Singapore’s founding CEO. Mr Chan is a director and shareholder of Marketslogix Singapore, a capital markets advisory firm, and The Alternative Renewables Company, an energy renewables company. He also serves as a director and on the investment committees of a number of charitable organizations.

Arwadi J. Setiabudi

President Director of ACCH

Prior to joining ACM, Mr Setiabudi was the Director of ICDX from its founding in 2009 till 2013. He has been involved in the futures and derivatives industry since 2000 and founded a software vendor providing back-office systems to futures and derivatives brokerage houses in Indonesia.

Mr Setiabudi actively contributes to the formulation of the regulatory framework of the commodities trading industry in Indonesia.

He holds a Bachelor of Science degree in Electrical Engineering from the University of Portland, Oregon, and a Master of Science degree in Computer Engineering from the University of Southern California.

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