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Independent Reserve Appoints Singapore CEO

Lasanka Perera takes over from Raks Sondhi, who is leaving the firm after over 3 years.

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Sydney-based cryptocurrency exchange Independent Reserve has appointed Lasanka Perera as chief executive officer, Singapore, as it looks to grow its footprint across the region, according to an announcement on Thursday.

Raks Sondhi, who has led the firm's operations in the city-state for the past 3 years in his role as managing director, Singapore, will be leaving this month to pursue professional opportunities.

"Operationally, it is business as usual for Independent Reserve," a company spokesperson told Blockhead.

Established in Australia in 2013, Independent Reserve is Singapore’s first licensed cryptocurrency exchange, having been granted approval by the Monetary Authority of Singapore (MAS) to operate as a regulated provider for digital payment token (DPT) services in October 2021.

Asia focus

Perera, who is relocating to Singapore from Australia for the role, will "build on the strong foundation that Independent Reserve has established in Singapore to develop its growth strategy in Asia," the company said.

"In fact, relocating one of our co-founders to Singapore is a strategic business decision to further strengthen our Singapore operations, and we are confident that Singapore will continue to be a leading crypto hub as we look into opportunities to expand in Asia," they added.

Perera joined Independent Reserve in 2013 as co-founder, following a career in FX trading. He will retain his role as Group Chief Operating Officer, where he leads daily business operations in Australia and New Zealand. He also oversees the execution of company-wide strategies to drive Independent Reserve’s business goals.

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