Mandarin Oriental Singapore
May 29th 2025
Submission Deadline is April 28th 2025
Markets Media Group is pleased to present the 2025 Women in Finance Asia Awards. The seventh-annual event will be held as an evening dinner gala in Singapore on Thursday, May 29, 2025.
Last year's WIFAA program recognized and celebrated more than 30 of the most dynamic, talented and accomplished professional women who drive excellence in the financial centers of Hong Kong, Singapore, Tokyo and Sydney.
Winners included Stella Jang of Citadel for Excellence in Hedge Funds; EeLeen Yueh of BlackRock for Excellence in Buy-Side Trading; Clare Witts of JP Morgan for Industry Advocate; Carol Fong of CGS International Securities for Leadership; Bonnie Chan of HKEX for CEO of the Year; and Cathie Armour of Cboe Australia for Lifetime Achievement.
The WIFAA program has come a long way since its inaugural luncheon in Hong Kong in 2019. The event pivoted to a virtual format in 2020-2022 and expanded its reach with winners from PIMCO, BNP Paribas, Credit Suisse, HSBC Asset Management, Morgan Stanley, and other large, influential global financial firms. The 2023 and 2024 WIFAAs brought back the energy, spirit and fun that only in-person events can provide.
Through the evolution of the event, the goal remains the same: to convene top women traders, technologists and senior capital markets executives in Asia - and their male allies - for an evening of networking, inspiration and fun.
As with other Markets Media awards programs, the WIFAA program recognizes the most talented and accomplished women in multiple categories across the business of finance: buy-side and sell-side trading desks, institutional investors, wealth managers, securities exchanges, technology providers, corporate finance, venture capital firms, and fintech start-ups.
Nominees are put forth by readers of Global Trading and Markets Media, and shortlists and winners are determined by the editorial staffs of the two platforms, in conjunction with the WIFAA Advisory Board. Our methodology in selecting nominees and then winners for Women in Finance is simple yet thorough, and keeps the focus on the important opinions: the colleagues, clients and competitors who know the women best.
Please join us at Mandarin Oriental Singapore on May 29, 2025 as we recognize and celebrate the best of the best women in Asian financial markets!
2025 SPONSORS
WINNERS
Rising Star | Yolande Escher, BlackRock |
Rising Star | Michelle Hosea, Virtu Financial |
Rising Star | Karina Kam, Nasdaq |
Rising Star | Karen Leung, Liquidnet |
Rising Star | Anne Zhang, Deutsche Bank |
Excellence in Fintech | Grace Lin, Citi |
STEM Champion | Holly Brooker, Instinet |
Excellence in Exchanges | Minah Kim, CME Group |
Excellence in Banking | Charlotte Yu, Bank of Singapore |
Excellence in Sustainability | Chaoni Huang, BNP Paribas |
Excellence in Asset Management | Theresa Tan, PIMCO |
Excellence in Hedge Funds | Stella Jang, Citadel |
Excellence in Legal & Compliance | Victoria Chen, DTCC |
Excellence in Regulation | Tze Min Yeo, FIA |
Excellence in Risk Management | Agnes Koh, SGX Group |
Excellence in Corporate Culture | Payal Ray, BNP Paribas |
Excellence in Talent Management | Alana Newman, Cboe Australia |
Excellence in Talent Management | Melanie Tan, Marex Spectron |
Excellence in Diversity & Inclusion | Shui Yee Leung, Nomura International |
Excellence in Buy-Side Trading | EeLeen Yueh, BlackRock |
Excellence in Sell-Side Trading | Serene Cai, SGX Group |
Excellence in Trading Platforms | Indu Rajeev, Citadel Securities |
Excellence in ETFs | Keri Neo, Tradeweb |
Excellence in Marketing & Communications | Angela Nguyen, BNP Paribas |
Excellence in Operations | Stephanie Lai, PIMCO |
Excellence in Commodities | Kellee Campbell, ICAP |
Excellence in Derivatives | Jerine Chia, UBS |
Industry Advocate | Clare Witts, JP Morgan |
Crystal Ladder | Kimberly Kim, BlackRock |
Trailblazer | Cristina Chang, Citi |
Individual Achievement | Julia Raiskin, Millennium Capital Management |
COO of the Year | Maria Levanti, Intercontinental Exchange (ICE) |
Excellence in Leadership | Carol Fong, CGS International Securities |
CEO of the Year | Bonnie Chan, HKEX |
Lifetime Achievement | Cathie Armour, Cboe Australia |
Rising Star | Chloe Lam, Millennium |
Rising Star | Nicole Lee, Jefferies |
Rising Star | Neha Narang, FactSet |
Rising Star | Helen Ren, Virtu Financial |
Rising Star | Shirley Yip, Instinet |
Rising Star | Sisi Zhang, Citadel Securities |
Excellence in Marketing & Communications | Sze Phing Chuah, Kenanga Investment Bank Berhad |
Excellence in Sustainability | Herry Cho, SGX |
Excellence in Operations | Noriko Ogino, BlackRock |
Excellence in Asset Management | Annisa Lee, PIMCO |
Excellence in Fintech | Elin Tan, Liquidnet |
Excellence in Trading Platforms | Regina Tan, Tradeweb |
Excellence in Buy-Side Trading | Puja Bharwani, Fidelity |
Excellence in Sell-Side Trading | Wendy Ding, Morgan Stanley |
Excellence in Hedge Funds | Christine Kim, Citadel |
Individual Achievement | Penelope Chin, BlackRock |
Excellence in Legal and Compliance | Janaki Vaithianathan, SMBC Nikko Securities |
Best in Custody | Laure Ly, BNP Paribas |
Excellence in HR and Talent Management | Serina Lim, PIMCO |
Excellence in Diversity & Inclusion | Janet Hung, Nomura |
Excellence in Regulation | Grace Mok, SGX |
Trailblazer | Olivia Frieser, BNP Paribas |
Crystal Ladder | Chen Ni, Citi |
Excellence in Banking | Maki Inoue, SMBC Nikko Securities |
Excellence in Exchanges | Vanessa Lau, HKEX |
CEO of the Year | Joyce Woo, Leo Wealth |
Excellence in Leadership | Priya Kundamal, DTCC |
Lifetime Achievement | Susan Chan, BlackRock |
Individual Achievement | Angela Leong, Head of Liquidnet Singapore, Liquidnet |
Excellence in Banking | Laurianne Curtil, Managing Director, Co-Head of Financing Distribution, Goldman Sachs |
Rising Star | Tassie Brakenridge, Product Strategist, APAC Regional Sustainability Lead for Active Investments, BlackRock |
Rising Star | Mari Kato, Sales Trader, Asia Pacific Electronic Trading, BofA Securities |
Rising Star | Natalie Lo, Vice President, State Street Global Advisors |
Rising Star | Shiho Miyanaga, VP, Technology, Media & Telecom Group, SMBC Nikko Securities Inc. |
Excellence in Marketing and Communications | Cynthia Lin, Head of Marketing, Asia Pacific (ex Japan), Fidelity |
Excellence in Operations | Sherleen Tong, Head of Operations, Asia, Instinet |
Best in Custody | Vaisshali Babu, Head, Relationship Management, Product & Market Intelligence, BNP Paribas Securities Services |
Excellence in Trading Platforms | YiLin Lee, Credit Product Manager APAC, Tradeweb |
Excellence in Exchanges | Jennifer Ilkiw, Head of ICE, Asia Pacific, Intercontinental Exchange Inc. |
Excellence in HR and Talent Management | Kristina Knoll Martinez, Managing Director, Citadel and Citadel Securities |
Lifetime Achievement | Rachel Lord, Senior MD, BlackRock’s Chair and Head of Asia Pacific, BlackRock |
Best in Fintech | Florence Kwan, Head of APAC IT Production, Sales & Research, BNP Paribas |
Excellence in Asset Management | Cindy Lai, Executive Director, JP Morgan Asset Management |
Excellence in Sell-side Trading | Kitty Li, MD, Head of APAC Agency Electronic Trading, UBS |
Excellence in Buy-side Trading | Marija Janchovski, Equities Head Trader – Asia Pacific & Portfolio Manager, Vanguard Australia |
Excellence in Hedge Funds | Julia Tsai, Analyst, Citadel |
Excellence in Legal and Compliance | Emily Hengeveld, Legal & Client Onboarding APAC, Virtu Financial |
Excellence in Sustainability | Mathilde Swierczynska, MD, Head of Private Wealth Compliance, APAC, SMBC Nikko Securities (Singapore) Pte. Ltd. |
Trailblazer | Mariko Ishikawa, Head of Equity Sales, Japan, Credit Suisse |
Crystal Ladder | Malavika Shanker, Head of Asia Listed Derivatives Execution and Platform Sales, Morgan Stanley |
Excellence in Leadership | Laura Atherley, MD, Head of APAC Senior Relationship Management, Citi |
CEO of the Year | Caecilia Chu, CEO and Co-founder, YouTrip |
Individual Achievement | Simone Turtle, Virtu Financial |
Rising Star | Aya Asanuma, MarketAxess |
Rising Star | Lucy Liu, BlackRock |
Rising Star | Ako Nishi, JP Morgan Asset Management |
Rising Star | Jessie Xu, FMR |
Excellence in Operations | Jo Tong, BNP Paribas |
Best in Custody | Vicky Tsai, Citi |
Best in Fintech | Elsa Lau, Tradeweb |
Excellence in Trading Platforms | Anri Koike, Citi |
Excellence in Marketing & Communications | Rowena Kwok, BlackRock |
Excellence in Asset Management | Joanna Kwok, JP Morgan Asset Management |
Excellence in Sell-Side Trading | Melissa Cooper, Credit Suisse |
Excellence in Buy-Side Trading | Joanne Ong, M&G Investments |
Excellence in Hedge Funds | Nasrine Ghozali, Oasis Management |
Crystal Ladder | Kate Weidenhofer, Liquidnet |
Trailblazer | Felicity Chan, Credit Suisse |
CEO of the Year | Debra Lim, Instinet |
Excellence in Sustainability | Juliette Macresy, V.E |
Excellence in Leadership | Yvonne Tsui, Citadel |
Lifetime Achievement | Deborah Ho, BlackRock |
Rising Star |
Liesbeth Baudewyn, Systematic Trader, Citadel
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Rising Star |
Carrie Cheng, Trader, BNP Paribas
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Rising Star |
LeiLei Qu, Associate, JPMorgan Asset Management
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Best in Exchanges |
Joelle Yap, Director – Client Development and Sales, CME Group
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Best in Custody |
Angely Yip, Head of Sales and Relationship Management, North Asia, BNP Paribas Securities Services
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Best in Operations |
Edna Chan, Director, Asia Pac Head of Cash Equities Middle Office, Citigroup Global Markets Asia Ltd
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Best in Fintech |
Rebecca Sin, Head of Equities, Asia, Tradeweb
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Excellence in Trading Platforms |
Janice Lau, Executive Director, ET, Instinet
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Excellence in Buy-Side Trading |
Cheryl Chan, Equity Trader, Blackrock
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Excellence in Sell-Side Trading |
Mary-Anne Peril, Head of Execution Services Australia, Virtu Financial
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Best in Hedge Funds |
Elizabeth Lo, Chief Operating Officer, TX Capital
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Trailblazer |
Winnie Khattar, Head of Market Structure, BofA Securities
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Crystal Ladder |
Susan Chan, Head of Asia, and Head of ETFs & Index Investing and Trading and Liquidity Services Asia-Pacific, BlackRock
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Individual Achievement |
Erica Poon Werkun, Head of Securities Research Asia Pacific, Credit Suisse
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Excellence in Leadership |
Terecina Kwong, Chief Operating Officer, HSBC China, HSBC
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CEO of the Year |
Susan Soh, Singapore CEO and Co-Head of Asia Pacific, Schroder Investment Management (Singapore) Limited
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Lifetime Achievement |
Cecilia Chan, CIO Fixed Income, Asia Pacific, HSBC Asset Management
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CEO of the Year Azila Abdul Aziz, Kenanga Futures
Excellence in Leadership Nellie Dagdag, DTCC
Individual Achievement Lauren Degney, Citi
Crystal Ladder Jessica Morrison, Morgan Stanley
Trailblazer Carrie Cheung, BNP Paribas
Excellence in Sell-Side Trading Josephine Kim, BAML
Excellence in Buy-Side Trading Christine To, T Rowe Price
Best in Trading Platforms Shilesh Shekhawat, Virtu Financial
Excellence in Fintech Lisa O’Connor, SWIFT
Excellence in Asset Management Belinda Boa, BlackRock
Rising Stars
Nicola McGreal, State Street Global Advisors
Sandy Ngai, AllianceBernstein
Vivian Peng, JP Morgan Asset Management
Lily Xiong, BlackRock
ADVISORY PANEL
Ms. Azila Abdul Aziz is Chief Executive Officer / Executive Director & Head of Listed Derivatives at Kenanga Futures Sdn Bhd, a Listed Derivatives Brokerage Company based in Kuala Lumpur, Malaysia. Azila has been with company for more than 18 years and from the year 2012, she serves as the CEO. An accomplished Executive equipped with leadership, management and entrepreneurship & intraprenuership capabilities. Azila currently leads the overall running of the Listed Derivatives Broking Company that includes both in-bound & out-bound businesses overseeing the entire Front Office Sales to Back Office Operations. She sits on the Board of Kenanga Futures Sdn Bhd as an Executive Director, an appointed member of Senior Management Team for the Group Executive Committee and a member of several other committees within the Kenanga Group. Prior to joining Kenanga Futures Sdn Bhd, Azila held the position of Institutional Sales at RHB Securities Sdn Bhd from 1996 – 2000.
She was involved in sales role for both regional equities and futures markets with clientele base includes international institutions, banks, global hedge funds, domestic institutions, state funds and various asset management companies. Azila holds a Bachelor’s Degree (Hons) in Finance and a Diploma in Investment Analysis from Malaysia’s MARA University of Technology (UiTM). In addition to her present role in the company, Azila has diverse industrial participation where she has been appointed for various roles: President of Malaysia Futures Brokers’ Association (MFBA), Member on the FTSE Russell Bursa Malaysia Index Advisory Committee, Member of the Market Participants Committee (MPC), Principal Representative of the Continuing Professional Education (CPE) Advisory Group, Committee member of the task force for Professional Certificate Investment and Finance (PCIF) program developed by PNB Investment Institute Sdn Bhd (PNBI/I) and an Associate Member of Palm Oil Refiners’ Association of Malaysia (PORAM).
Puja Bharwani is a Senior trader at Fidelity International, where she is focused on trading Hong Kong and China equities, she joined Fidelity in 2018. Prior to joining Fidelity, she worked on the trading desk at Blackrock where she gained exposure to both fundamental and systematic trading across multiple markets. Puja also has experience from the sell side at HSBC where she worked in program trading. With a total of 10 years of trading experience across buy side, sell side and operations, Puja has the built up the knowledge across the various execution channels from Low touch to working with sell side partners in sourcing block liquidity. Puja holds a Bachelors of Arts in Economics and a Minor in Business from Boston University, Boston, MA.
Belinda Boa, Managing Director, is the Head of Asia Pacific Active Investments & Chief Investment Officer of Emerging Markets Fundamental Equities. As the Head of APAC Active Investments, her role encompasses all areas of the Portfolio Management Group within the region, including Fundamental Equities, Fundamental Fixed Income, Multi-Asset Strategies & Solutions, Private Credit, and more. As the CIO of EM Fundamental Equities, Ms. Boa is responsible for delivering investment excellence across the team’s various strategies to clients and internal stakeholders. Additionally, she oversees regulated activities of active investors in the region and is a member of BlackRock’s Asia Pacific Executive Committee. Prior to assuming her current role in 2015, Ms. Boa was BlackRock’s Head of Risk and Quantitative Analysis for the Asia Pacific region, where she was responsible for all areas of risk across APAC including investment risk, credit and counterparty risk, and corporate and operational risk. She has worked in quantitative finance for over 15 years in London, South Africa, Hong Kong, and now Singapore, where she is currently based. Ms. Boa is a qualified Chartered Financial Analyst and a member of the London Quant Group. She earned her degree with honours in Finance and Statistics from the University of the Witwatersrand, South Africa in 1995.
Carrie Cheung joined Principle Partners Hong Kong to lead their expansion in the Greater China region and Japan. She has extensive experience in electronic and systematic trading and has worked at global financial institutions including Bank of America Merrill Lynch, JP Morgan and BNP Paribas. Prior to joining Principle Partners, Carrie was COO for APAC systematic trading at Citadel Securities and before that, was Head of Electronic Trading APAC at BNP Paribas. She has over 20 years in the industry and is recognised in the buyside and sellside for her expertise in electronic and quantitative trading. Carrie was also the first female and foreign co-chair of the Japan FPL chapter. She holds a Bachelor of Science in Computer Science from Hong Kong Polytechnic University and is a certified executive coach from The Coach Partnership.
Nasrine Ghozali re-joined Oasis as Chief Risk Officer & Member of the Strategies Group in February 2016 and is based in Hong Kong. She was previously a Convertible Bonds Strategist and Equity Derivatives Trader for Oasis between January 2006 and March 2010. Prior to re-joining Oasis, Ms. Ghozali co-founded Silver Tree, an Asia-focused event driven hedge fund, in June 2010, and served as Principal Portfolio Manager and Responsible Officer until January 2016. Prior to joining Oasis, she was Co-Head of Convertible Bond Arbitrage at Natexis Arbitrage, Group Banques Populaires in Paris from August 2001 to December 2005. Before that, she was a Convertible Bond Trader with BNP Paribas Arbitrage in Paris between August 2000 and August 2001. Ms. Ghozali received a Master of International Finance & Economics, a Master of Economics majoring in Bank Finance Insurance, and a Bachelor of Economics majoring in Applied Economics from University Paris IX-Dauphine. Ms. Ghozali co-founded the Board Diversity Hong Kong Investors’ Initiative, which aims to improve gender diversity on boards of Hong Kong-listed companies, and she is a member of the steering committee of the 30% Club Hong Kong Chapter and of the investor group of the 30% Club Japan Chapter.
Joel Hurewitz is Managing Director, Head of Sales & Global Head of Broker Dealer Strategy and Product Development for Instinet. He is responsible for sales of the group to buy and sell side clients across the Asia Pacific Region as well as the broker dealer strategy globally. Joel joined Instinet in 2008 to run broker dealer sales, but in the course of his 8 years with the firm has held a number of positions including Head of Product Strategy and Head of Electronic Trading. With over 20 years equities experience in Asia, Mr. Hurewitz has been an active member, pioneer, and supporter of FIX Trading Community since the early days of electronic trading in Asia. Prior to joining Instinet, Joel held roles within Deutsche Bank, HSBC, and CLSA where he built electronic businesses, products, and teams.
Vivian Peng, Executive Director, J.P. Morgan Asset ManagementVivian Peng, specializes in systematic and quant driven trading on APAC equity trading desk at JP Morgan Asset Management. Vivian Peng joined the APAC equity trading desk at JP Morgan Asset Management in year 2016 and is responsible for automation and establish quant driven trading on JPM’s Hong Kong desk. Vivian started her career working in Lehman’s equity division in New York. Subsequently, she moved to Hong Kong and joined Barclays Asia where she spent five years to buildout their electronic trading business across APAC markets. She then joined JPM investment bank to work on their equities algorithmic product and electronic sales trading before moved into JPM Asset Management world. Vivian studied in Computer Science and Applied Mathematics and Statistics.
Emma Quinn is President, Cboe Australia at Cboe Global Markets, Inc. (Cboe). A proven leader with significant experience in global capital markets, she is responsible for defining and executing the company’s strategy and increasing adoption of its products and services.In 2023, Emma joined Cboe from AllianceBernstein, where she was Global Co-Head of Equity Trading. Previously, she served as head of Asia-Pacific Trading, head of Asia-Pacific Fixed Income and Australia Equities Trading, and head of Trading for Australia and New Zealand for the firm. Prior to joining AllianceBernstein in 2001, she worked as an equity trader at AMP Henderson Global Investors. Emma also provides strategic leadership and participation on a number of boards and committees to help drive innovation and influence industry development. She is currently a Director and Chairperson of FIX Protocol Limited and FIX Protocol Trading Limited boards. She was previously an advisory board member of Quorum 15; a member of the Markets Advisory Panel for the Australian Securities and Investments Commission; a member of Asia Trader Forum; and a member of various Asia Securities Industry & Financial Markets Association committees. Emma holds a Bachelor of Business in finance and business law from the University of Technology, Sydney.
Malavika Shanker is Head of India Equities, Morgan Stanley Asia. Malavika currently leads the Execution Services Sales team for Morgan Stanley in Hong Kong, which encompasses Equities & Listed Derivatives. In the role, Malavika is responsible for execution consulting with clients and represents the firm on industry bodies to advocate for key market structure changes across the region. Malavika has over 12 years of experience in Equities – having held a number of roles as APAC Head of Distribution, Product Manager & COO at both Societe Generale & JP Morgan prior to joining Morgan Stanley. Malavika holds a Masters in International Affairs from Hong Kong University & a Bachelor of Science in Economics from Singapore Management University.
Kitty Li, Managing Director, Head of APAC Agency Electronic Trading at UBS.Kitty Li is Head of APAC Agency Electronic Trading in UBS. Before she relocated back to Hong Kong, she was Head of Client Trading and Execution for UBS Securities, based in Shanghai. Kitty has over 18 years of experience in both APAC and global equities markets, With expertise in electronic trading and equities trading in Hong Kong and A-share market. Kitty Li held positions in both buy-side and sell-side across regions globally and gained deep understanding of the equities-trading structure and regulation in the global markets. Kitty was previously Deputy Head of Trading in SAFE investment company in Hong Kong, where she was responsible for global equites trading.
Prior to this Ktty was in UBS Hong Kong for 6 years. She joined UBS as a quant analyst in 2007, and ater moved into Electronic Trading business where she was responsible for Electronic sales trading for Asia-ex Japan markets. Before joining UBS, Kitty worked in Deutsche Bank in New York.
Kristina Martinez is Managing Director, People – APAC.