Thursday, March 29, 2012

SGX reorganises its business units

SINGAPORE: The Singapore Exchange (SGX) announced on Wednesday a new organisation structure which will enable better leverage of growth opportunities in the region.

In a statement, SGX said it will be reorganised into five business units -- Derivatives, Listings, Market Data & Access, Post-Trade and Securities -- from May 1.

The current Fixed Income business will become a part of the Securities unit, while the Commodities business will be grouped within the Derivatives unit, SGX added.

"The business units, with the support of the Sales & Clients unit, will collectively drive the expansion of the products and services suite, the attraction of more and larger listings, the growth of retail and professional participation and the building of the post-trade business," the SGX statement read.

SGX said its CEO, Magnus Bocker, will assume direct responsibility for Listings and Sales & Clients, while its president, Muthukrishnan Ramaswami, will lead the Derivatives, Market Data & Access, Post-Trade and Securities units.

Separately, the bourse also said that its co-president, Gan Seow Ann, has resigned after 11 years with the exchange to "review his interests".

Mr Gan will stay on as advisor to help leverage SGX's strategic investments and partnerships, including SGX's participation in the ASEAN Exchanges collaboration.

View the original article here

Source From Channel News Asia

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