Singapore Mercantile Exchange CEO Quits
Thomas McMahon, CEO of the Singapore Mercantile Exchange (SMX), resgined last Friday. While its not clear what the reason for his departure is, it appears to be a difference of opinion with Mumbai-based Financial Technologies Group, the parent company of the SMX.
Mr. McMahon joined the SMX April 23, 2009 and the exchange, the only wholly owned foriegn bourse in Singapore, opened for business just last August.
Before heading up the SMX Thomas was previosly the CEO of the Hong Kong Mercantile Exchange and before that NYMEX in Asia.
Financial Technologies Group owns several exchanges in Asia including the Multi Commodity Exchange (MCX) in India.