Mr Torchetti will be responsible for spearheading the strategy and managing the execution of SGX's Post Trade services. He will lead the building of SGX's Central Depository (CDP) into a robust depository entity with capabilities across multiple currencies and asset classes, delivering high-quality and efficient custodial and settlement services to regional and global participants. Mr Torchetti will also manage all post-trade services provided to retail investors, as well as, the broker and bank custodian segments of SGX's members.

"I am happy to have Nico join SGX. His wealth of experience will bring great value and contribute to the strengthening of SGX's post-trade services and capabilities. His knowledge of both the European and Asian securities and derivatives markets and customer base will help us deliver on SGX's business strategy and commitment to being an Asian Gateway and facilitating connectivity to and from Asia," said SGX president, Muthukrishan Ramaswami.

Mr Torchetti has more than 15 years' experience in both Europe and Asia, covering front and back office management of banking and brokerage operations, including equity and derivatives trading and clearing. Prior to SGX, Mr Torchetti served as the Global Head of Product Development for Sub-Custody and Clearing with HSBC in Hong Kong. He joined HSBC from Deutsche Bank where he led the Direct Securities Services, Hong Kong and oversaw Broker Dealer coverage for Asia. Mr Torchetti also previously held roles at Fortis Clearing and Credit Agricole Indosuez.

Mr Torchetti will report to Mr Ramaswami.