SINGAPORE (June 27): Singapore Exchange (SGX) has announced a new organisation structure made up of four business and client units.
With effect from July 1, four business and client units will report directly to the CEO. These are Fixed Income, Currencies and Commodities (FICC); Equities (Cash & Derivatives); Data, Connectivity and Indices (DCI); and Global Sales and Origination (GSO).
SGX says the aim is to pursue growth opportunities and build scale as an international multi-asset exchange.
The FICC unit will be headed by Lee Beng Hong, who will be joining SGX on August 1. Lee has over 16 years of international banking experience in global markets, specialising in the Asian FICC market.
Current head of derivatives Michael Syn will be appointed head of equities while Chew Sutat, who is the current head of Equities and Fixed Income, will head the GSO team. Ng Kin Yee will continue to head DCI.
SGX CEO Loh Boon Chye says, “These changes will further SGX’s future growth as a leading international exchange, fluent in multiple asset classes. We look forward to building new capabilities in growth areas, achieving scale and efficiency in established markets and enhancing customer-centric delivery of investment, risk management and capital formation solutions to the marketplace.”
As at 12.40pm, shares in SGX are trading at $7.93.
