This is part of a restructuring process SGX embarked on in May 2003, to focus on being a market-led, fully integrated exchange. The new structure consists of seven Groups and is built around the needs of SGX's customers and partners - institutions, intermediaries, issuers and the retail market.
The seven Groups are:
- Markets, led by Mr Gan Seow Ann, will manage relationships with SGX's customers; including issuers, intermediaries, SGX Locals, institutions, custodian banks and retail investors.
- Products and Services,, will drive SGX's product development and product management efforts. Mr Peter Chia will lead this Group in the interim, while SGX searches for a Group head.
- Strategy and Business Development,, led by Mr Peter Chia, will focus on developing SGX's strategic direction and new business ventures.
- Operations,, led by Mr Daniel Tan, will manage securities and derivatives trading, clearing and settlement processes, and securities depository functions.
- Technology,, led by Mr Chew Hong Gian, will focus on process solutions and infrastructure development, application development and the operations of the data centre.
- Corporate Services,, led by Mr Seck Wai Kwong, will oversee the functions of Finance, Administration, Investor Relations and Human Resources.
- Risk Management and Regulation,, led by Mr Alan Shaw, will continue to supervise SGX's members, listed companies and market activities to ensure market integrity and minimise the risk of default. Mr Shaw will also oversee the corporate communications and legal functions.
Mr Hsieh Fu Hua, SGX CEO said, "We are excited about the new organisation which allows us to respond to the needs of our customers and partners in a more pro-active and efficient manner."
