SGX Announces New Organisation
From 1 May 2012, the organisation will have five Business Units. They are Derivatives, Listings, Market Data & Access, Post-Trade and Securities. The current Fixed Income business will become a part of the enlarged Securities unit while the Commodities business will be grouped within the enlarged Derivatives unit.
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.
In addition, the Operations and Technology units will be aligned under a newly-created Chief Operations and Technology Officer role.
Mr Magnus Bocker, CEO, will assume direct responsibility for Listings and Sales & Clients. Mr Muthukrishnan Ramaswami, President, will lead Derivatives, Market Data & Access, Post-Trade and Securities.
SGX also announced today that Mr Gan Seow Ann, Co-President, is resigning and will stay on as advisor.