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Screenshot of a breaking news alert e-mail from Q2 2017
The Board of Directors of Singapore Exchange (SGX) is pleased to announce the appointment of Mr. Loh Boon Chye as its new Chief Executive Officer (CEO). He will commence his appointment on 14th July 2015.
The Chairman of SGX, Mr. Chew Choon Seng said, “We are pleased to welcome Boon Chye as the new CEO. He is very well regarded by everyone who has worked with him and respected as an accomplished leader and team manager. Boon Chye is no stranger to SGX and his knowledge and extensive experience in capital markets equip him well to take SGX forward.”
Mr Loh Boon Chye, commenting on his new appointment, said “I am honoured to be given the mandate to steer SGX, and look forward to further building on a strong foundation. I have previously had the opportunity to be involved with SGX and seen it grow into a truly international exchange that is a gateway to Asia. In a rapidly evolving financial landscape, SGX has to adapt to stay ahead and I look forward to working with the stellar team towards this goal.”
Mr. Loh, age 51, is well known in financial circles, with a career spanning 26 years, beginning as an Investment Officer with the Monetary Authority of Singapore in 1989. He joined the Singapore branch of Morgan Guaranty Trust Co. of New York in 1992. From 1995 to 2012, he was with Deutsche Bank AG, Singapore, where he held the posts of Chief Executive of the Global Markets Division in Singapore, and Head of Global Markets – Asia, and was Head of Corporate and Investment Banking for Asia-Pacific. From December 2012 to early this year, he was with Bank of America – Merrill Lynch as Deputy President and Head of Global Markets for Asia-Pacific.
Mr. Chew also expressed SGX’s thanks and appreciation to Mr Magnus Böcker for his service and contribution as CEO over the past five-and-a-half years, and wished him the best for the future. Mr. Böckerwill complete his assignment on 30th June 2015. The SGX President, Mr. Muthukrishnan Ramaswami (popularly known as Ramu) will be in charge from 1st to 13th July 2015.
For the official announcement from SGX, click here.