The new structure seeks to harness the strengths of SGX's multi-asset offerings and increase its growth opportunities globally.
Singapore Exchange (SGX Group)
S68 has announced its new structure in a bid to harness the strengths of its multi-asset offerings and increase its growth opportunities globally.
Michael Syn, the group’s current head of equities, will now become the group’s president and head of its global markets division. In his new role, Syn will oversee the group’s business lines except for indices.
The global markets division spans across the group’s asset classes – equities, fixed income, currencies and commodities.
Lee Beng Hong, currently the head of FICC, will now head the group’s newly-formed wholesale markets & platforms. The move will build on SGX FX’s leadership position. SGX FX has expanded substantially beyond FX (or foreign exchange) futures to include FX technology and workflow solutions.
SGX’s indices will be led by chief financial officer (CFO) Ng Yao Loong. Ng will oversee the strategic development of the group’s indices business including focusing on partnerships.
SGX Indices will continue to build on Scientific Beta’s strengths in thought leadership, research and intellectual property (IP) creation. It will also continue to build on iEdge’s proposition in driving assets under management (AUM) growth in structured products and ETFs. Scientific Beta is a joint venture by SGX and EDHEC Business School that offers investors tools to implement their tactical risk choices.
Tinku Gupta, now SGX’s senior managing director and chief technology officer (CTO), has been appointed as the group’s chief information officer (CIO) overseeing technology and operations.
She will work with Nico Torchetti, the group’s head of operations and market services to enhance service delivery for existing customers and co-create new solutions to meet evolving expectations of retail consumers and institutional clients.
“As an exchange built on a strong foundation in securities and derivatives, SGX Group has over the years transformed to become a highly-valued multi-asset business for customers and partners around the world," says Loh Boon Chye, CEO of SGX Group.
"More and more global investors are turning to our trusted international marketplaces to invest and manage portfolio risk across asset classes. Our new structure will enable us to capitalise on the immense growth opportunities from rising capital flows into Asia,” he adds.
As at 12.18pm, shares in SGX are trading 4 cents higher or 0.41% up at $9.76.