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Singapore Exchange Limited (the “Company”) wishes to announce that as part of its Board renewal process, Mr Kwa Chong Seng will step down as Chairman on 31 December 2022. Mr Koh Boon Hwee, who was appointed to the Board on 15 March 2022, will succeed Mr Kwa as Chairman with effect from 1 January 2023.
Mr Kwa was elected as Chairman with effect from 23 September 2016. He was first appointed as a director to the SGX Board on 20 September 2012 and served as Chairman of both the Nominating & Governance Committee and the Remuneration & Staff Development Committee since 19 September 2013, and as Lead Independent Director since 1 December 2013.
Mr Koh has extensive experience serving and chairing various listed and private companies globally and in Singapore, including Agilent Technologies, DBS, Singapore Airlines, SingTel and Wuthelam Group. He is a senior corporate leader and entrepreneur with a distinguished record.
“It has been, and continues to be, a privilege to serve alongside a dedicated Board and highly experienced and professional management team. In the past 10 years I have been on the Board, the Company has grown from strength to strength and is well-positioned to take on the opportunities and challenges of tomorrow. I look forward to handing over the reins next year to Boon Hwee, whom I am confident will lead SGX Group to even greater heights with his vast experience and extensive connections,” said Mr Kwa.
“I am honoured to have the opportunity to serve as Chairman of SGX Group, an important and well-regarded institution in the local and international financial ecosystem. Under Chong Seng’s leadership, SGX Group has successfully navigated unprecedented times in financial markets. I will do my best to steer the Company as it continues to innovate and grow internationally,” said Mr Koh.
