Photo: Albert Chua/The Edge Singapore

Three years ago, former veteran banker P-Wa Tang was catching up with Eugene Lim, a long-time lawyer friend whom he had worked with on many occasions. They met at a cigar bar and reminisced about the good old days.

The conversation flowed and soon they found themselves discussing the current archaic method of syndicating loans. It dawned upon them that — given their background, experience and connections — they could do something to modernise the process of syndicating loans. The result was the founding of PrivEx, a digital exchange for secondary loan trading.

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