The Singapore Exchange (SGX) announced a revamped organisational structure effective from October 1. Michael Syn is appointed the new president and will also head the global markets division. Having been with SGX since 2011, Syn’s expanded role will now oversee all asset classes, excluding indices. Lee Beng Hong, the current head of fixed income, currencies, and commodities, will lead the new wholesale markets and platforms division. The reshuffle aims to grow SGX’s multi-asset offerings and expand its geographical reach. CFO Ng Yao Loong will manage the indices business, and CTO Tinku Gupta will become the chief information officer. Loh Boon Chye, CEO of SGX, envisions this change to tap into rising Asian capital flows. Shares of SGX saw a 0.4% rise to S$9.76 before this announcement.
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