Singapore Mercantile Exchange (SMX) today announced the appointment of Mr Thomas (Tom) J. McMahon as its Chief Executive Officer.
Mr. Mcmahon brings with him over 25 years of Industry experience in Derivatives and Commodities across Asia and USA. Prior to joining SMX, he was Heading the HongKong Mercantile Exchange (HKMEX) and was former Director of NYMEX Asia. He possesses a deep understanding of the Asian financial and derivative markets having lived and worked in Tokyo, Singapore and Hong Kong for past several years and is well suited to establish SMX into a truly world class pan-asian commodity derivatives exchange from Singapore.
Mr McMahon joins an a formidable SMX leadership team including Mr Ang Swee Tian, Chairman of the SMX Board of Directors and a widely recognized and distinguished veteran of the futures industry, Mr. Jignesh Shah, Vice Chairman of SMX and Chairman and CEO of Financial Technologies India Limited, and Nobel Laureate Mr Myron Scholes, Member of SMX's Advisory board, Mr. Tan Soo Nan, Member of SMX Board and former CEO of Temasek Capital and Senior Managing Director of DBS Bank.
"I am delighted that Tom will be joining the team" said Mr Ang Swee Tian. "His experience and industry network will serve us well in forging partnerships and drawing membership that will make SMX a leading derivative market platform for price discovery and risk management in the Asian time zone."
Mr Jignesh Shah said, "I welcome Tom on board of SMX and am confident that under his leadership, SMX will estbalish itself not only as the first Pan-Asia commodities exchange from Singapore but also among the leading exchanges in the world."
The newly appointed CEO, Mr. McMahon said "I am honoured to be appointed CEO of SMX and am extremely excited to be part of an highly accomplished and competant team that is committed to make SMX the leading global derivatives and commodities exchange from the East.
Financial Technologies Group, the promoter of SMX, brings huge credibility and pedigree to the venture as a recognized global leader in offering its industrial al grade, robust and proven Exchange technology IP (Intellectual Property) and markets domain expertise to create the next generation multi-asset financial markets across the world.
Asia which is home to 60% of the world population and a major producer and consumer of most commodities, will play an increasingly important role in influencing and setting the global commodity prices and SMX will play a significant role in the same by providing a transparent and efficient platform for price discovery, risk management, trade execution and clearing."