Baxian (Malaysia) Sdn Bhd is a member of the Portcullis Group established in 2015. It provides a range of business support services for the Portcullis Group of companies.
David Chong
Director
David is the Founder and President of the Portcullis Group. He has been described by the Singapore Academy of Law as “the Guru of Asian Family Offices".
Portcullis is one of the largest independent trust, fund and family office service providers in Asia. With a rich history of servicing clients for over 35 years, it has a wide range of professional expertise in running successful wealth management companies. Its international network in Singapore, Hong Kong, Taiwan, Labuan, Johor Bahru, the BVI, New Zealand, Samoa, the Cook Islands, the Cayman Islands and Seychelles gives it the ability to provide comprehensive services across multiple jurisdictions.
Portcullis Investment Office Limited holds Type 4 (Advising on Securities) & Type 9 (Fund Management) licences issued by the Securities & Futures Commission of Hong Kong; and Portcullis Investment Office Private Limited holds a Capital Markets Services Licence for Accredited & Institutional Investors issued by the Monetary Authority of Singapore.
David is also President of Portcullis Group’s subsidiaries: SSTC Ltd (one of the oldest independent trust companies in Labuan); Baxian Trust (Labuan) Limited; and Baxian Private & Investment Bank Ltd, all of which are regulated by the Labuan Financial Services Authority.
David Chong and his family also owns Fusang Corp, the first fully-regulated platform in Asia providing end-to-end infrastructure to support Digital Securities. Fusang Exchange Ltd, a subsidiary of Fusang Corp, is licensed in Labuan, Malaysia as a Securities Exchange under Part IX, Section 134 of the Labuan Financial Services and Securities Act 2010 (LFSSA). Fusang Exchange is the first fully-operational stock exchange in Asia that allows companies to go public through a digital IPO accessible by both retail and sophisticated investors globally, supporting the trading of both digital securities and cryptocurrencies. David is approved by the Minister of Finance, Malaysia as a member of its Exchange Committee.
David is the former President of the Singapore Trustees Association (STA). He served as the Founding President of Society of Trust & Estate Practitioners (STEP) Singapore Branch, and was the Founding President of the Singapore Fund Administrators Association (SFAA). He also sits on the Investment Committee of the Singapore Academy of Law.
He is a Fellow of Harris Manchester College, University of Oxford, where he sits on the Board of Regents. David also sits on the Board of NUS High School for Math and Science. In appreciation for his dedicated service to education, the Singapore Ministry of Education presented David with a Service to Education Award.
David is the Managing Director of David Chong Law Corporation, Singapore, and is qualified as a Barrister-at-Law, Lincoln's Inn; Advocate & Solicitor, Singapore; Malaya and Brunei; Barrister & Solicitor, British Virgin Islands; Solicitor, NSW and Queensland, Australia; Barrister & Solicitor, Australian Capital Territory and Victoria, Australia.
David has a Master’s Degree in Law from National University of Singapore and a Master’s Degree in Business from City University, London.
Lim Khan Ruey
General Manager
Khan Ruey is the General Manager of Baxian (Malaysia) Sdn Bhd. Prior to joining the company, Khan Ruey was a corporate finance lawyer in Malaysia and has worked as an inhouse legal counsel for a media investment company. Khan Ruey holds a LLB Bachelor of Laws from the London School of Economics and Political Science and an MBA from Imperial College London. He is also a non-practising Barrister-at-law of England and Wales (Inner Temple).