SGX creates chief operations and tech officer role

SGX creates chief operations and tech officer role

Singapore Exchange (SGX) is aligning its operations and technology units under one leader as part of a wider organisational reshuffle.

The bourse will create a new position, dubbed chief operations and technology officer but has not yet named the person who will fill it.

Meanwhile, from May SGX will split into five business units: derivatives, listings, market data and access, post-trade and securities. The current fixed income business will become a part of the securities market while commodities will be grouped within derivatives.

CEO Magnus Bocker will assume direct responsibility for listings and sales and clients while president Muthukrishnan Ramaswami takes on derivatives, market data and access, post-trade and securities.

Gan Seow Ann, co-president, is resigning after 11 years at the exchange but will stay on as advisor, working on strategic investments and partnerships including SGX's participation in the Asean Exchanges project.

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