SGX restructure multi-asset business to grow opportunities in Asia

Michael Syn heads his new role as president of the global markets division.

The Singapore Exchange (SGX Group) declared a new structure to boost its multi-asset offering and scale the business across products and platforms. 

Starting 1 October 2023, all its business lines, except for Indices, will be under the purview of Michael Syn in his new role as president and head of the Global Markets Division. 

The Global Markets Division will cover all its asset classes – Equities, Fixed Income, Currencies and Commodities. 
Lee Beng Hong, meanwhile, will take the helm of the newly formed Wholesale Markets & Platforms, building on the leadership position of SGX FX.

“This will allow us to achieve the twin objectives of developing our multi-asset offering and further scaling our geographical and client coverage,” read the statement.

Chief Financial Officer Ng Yao Loong, will lead indices where he will oversee the strategic development of Indices business, focusing on partnerships to augment the SGX offering. 

“SGX Indices will continue to build on Scientific Beta’s differentiated strengths in thought leadership, research and intellectual property (IP) creation, as well as iEdge’s proposition in driving AUM growth in structured products and ETFs,” read the statement.

Tinku Gupta will be appointed as chief information officer, where she will be overseeing Technology and Operations. She will collaborate with Head of Operations and Market Services, Nico Torchetti, to enhance service delivery for existing customers and co-create new solutions to meet the evolving expectations of retail consumers and institutional clients.