Patrick started his career in Dubai with Borse Dubai Limited in 2009 responsible for ensuring the posttrade infrastructure meets requirements for the upgrade of UAE to Emerging Market status by MSCI. He later moved to Dubai Financial Market where he was the architect responsible for the concept, structure, regulatory approval and operationalization of the post trade companies of Dubai Central Clearing and Depository LLC, Dubai Clear LLC and Dubai Central Securities Depository LLC. Dubai Clear LLC is today a full member of CCP12.

Prior to Dubai, he was the acting head of Exchange Operations and head of Clearing & Settlement Operations at Bursa Malaysia for its equities, derivatives, offshore market & bond market. His experience with Bursa Malaysia included working with regional exchanges in the Asia Pacific region, and with the Malaysian securities regulator to ensure that Malaysia’s clearing & settlement infrastructure fully complies with the IOSCO’s assessment on Principle 30 based on the Recommendations for Securities Settlement Systems then.

He also spent time as a regulator in the supervision of markets where he was directly responsible for implementing Capital Adequacy Requirements for brokers and investor protection rules post the 1997 Asian financial crisis as part of the exchange’s enhancements of its front-line regulatory organization responsibilities. He oversaw the government’s policy decision to implement a mandatory segregated account regime and to ban short-selling during the financial crisis, and the subsequent re-introduction of regulated short-selling together with securities lending and borrowing 10 years later.