SGX CEO’s pay jumps 7% to $8.37m as incentives climb

The increase came as SGX’s net profit rose 7.8% YoY to $698.4m.

Singapore Exchange (SGX) chief executive Loh Boon Chye's total remuneration jumped 7.1% year on year (YoY) to $8.37m due to higher cash bonuses and long-term incentives.

According to an SGX report, Loh received a cash bonus of $3.54m, up 8.4% YoY and equal to about 42.3% of his total remuneration.

His long-term incentives were also up 8.4% YoY to $3.54m, comprising performance shares tied to targets over three years, as well as awards under SGX's deferred long-term incentives scheme.

Chye’s fixed pay was largely unchanged at $1.21m, whilst benefits-in-kind rose to $81,443 from $75,553.

The increase came as SGX’s net profit rose 7.8% YoY to $698.4m, with all operating segments contributing gains.

Meanwhile, net revenue climbed 13.9% to $1.5b, and earnings per share rose to $0.653.

Adjusted net profit, which excludes certain non-cash and non-recurring items, increased 24.6% YoY to $759.5m.

Amongst other top-earning executives, president Michael Syn's total gross remuneration rose 16.2% YoY to $3.45m. Tan Boon Gin, CEO of Singapore Exchange Regulation, received $2.44m, up 7% YoY.

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