Singapore Exchange Limited (SGX) celebrates its 10th anniversary today with its stakeholders at an evening cocktail reception at SGX Centre. The event will be graced by Mr Tharman Shanmugaratnam, Minister for Finance.
The event will be marked by a presentation of SGX 10th Anniversary Special Achievement Awards to outstanding individuals and institutions in recognition of their contributions to the capital markets in Singapore over the last decade. In addition, there will be a launch of, and donation to, Shared Services for Charities (SSC) – a newly set-up charity to promote corporate governance and transparency in the charity sector.
"Our celebration tonight is subdued, in line with straitened economic and financial circumstances. Nonetheless, we may not let the anniversary pass without acknowledging the immense strides of the capital markets in Singapore in the last 10 years, and recognising SGX’s contribution to that development and growth. We look forward with confidence to the future," said Mr J Y Pillay, Chairman of SGX.
"Ten years after its formation, SGX has good claim to being a key Asian Gateway. But it knows that it faces competition daily, for listings and investment flows, and needs to keep innovating to stay relevant and ahead of the game," said Mr Tharman.
SGX 10th Anniversary Special Achievement Awards
SGX will present Awards to six outstanding individuals and institutions. They are:
1. Mr David Gerald, President & CEO, Securities Investors Association (Singapore) (SIAS) – for championing individual investors’ interests;
2. DBS Bank – for promoting Singapore as a key fund-raising centre;
3. Chinese companies listed on SGX, represented by the Chinese Enterprises Association (Singapore) (CEA) – for significant contributions to SGX’s foreign listings programme;
4. Professional derivatives traders with SGX membership (previously known as ‘locals’), represented by the Association of Financial and Commodity Traders (Singapore) (AFACT) – for supporting the development of SGX derivatives;
5. Deutsche Bank AG – for leading the transformation of the structured warrants market; and
6. Mr Lim Hua Min, Chairman, PhillipCapital Group of Companies – for innovation in the securities and derivatives broking industry.
Shared Services for Charities
SSC will also be launched at the event. It was set up to promote corporate governance and organisational excellence in the charity sector. Through its provision of professional shared services – such as internal audit and human resource – charities can focus on their core mission and service delivery to their beneficiaries, and benefit from improved standards of operations and governance.
As founding member and sponsor, SGX is donating $200,000 over two years to fund SSC’s initial start-up. SSC is also a beneficiary of The Bull Charge® 2009, SGX’s annual charity fun run in the Central Business District (CBD).
SSC is a registered charity and has been granted Institution of Public Character (IPC) status under the Ministry of Community Development, Youth and Sports. It is also an associate member of the National Council of Social Service (NCSS).
Mr Pillay is the Patron of SSC. The Board of Directors comprises:
1. Mr Hsieh Fu Hua, Chief Executive Officer, SGX and Founder, Binjaitree;
2. Mr Gan Seow Ann, Senior Executive Vice President (SEVP) & Head of Markets, SGX;
3. Ms Yeo Lian Sim, SEVP & Head of Risk Management and Regulation, SGX;
4. Mr Philip Tan, Vice President & Board Member, NCSS;
5. Mr Gautam Banerjee, Executive Chairman, PricewaterhouseCoopers Singapore; and
6. Mr Kaka Singh, Chairman & Senior Partner, RSM Chio Lim.
"We are pleased to broaden our social responsibility by becoming the founding member and sponsor of SSC, to pioneer the provision of professional shared services to all charities in Singapore. SGX will bring its experience to enhance the governance of charitable organisations in Singapore," said Mr Hsieh.