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FTSE Mondo Visione Exchanges Index:

Singapore Exchange Appoints New Board Members

Date 07/08/2000

Singapore Exchange (SGX) today announced the appointment of three new members to its Board of Directors. They are: Mr Goh Yew Lin, Executive Director, GK Goh Holdings Ltd; Mr Low Check Kian, Vice Chairman, Corporate & Institutional Client Group, Asia Pacific Region, Merrill Lynch (Singapore); Mr Robert Stein, Chief Executive Officer, Asia Pacific, Deutsche Bank Group.

Welcoming the three new directors to the Board, Mr J Y Pillay, Chairman of SGX said, "The three directors bring with them a wealth of experience and knowledge, which will prove invaluable to SGX. Together with our serving directors, they will steer the course for the exchange's growth and positioning in the global financial marketplace."

SGX's full board consists of: Mr J Y Pillay, Chairman, Singapore Exchange Ltd; Mr Thomas Kloet, Chief Executive Officer, Singapore Exchange Ltd; Mr Richard Gnodde, President and Managing Director, Goldman Sachs (Asia) L.L.C.; Mr Goh Yew Lin, Executive Director, GK Goh Holdings Ltd; Mr Ho Tian Yee, Director, Pacific Asset Management (S) Pte Ltd; Mr Victor Liew, Chairman, OUB Bullion & Futures Ltd; Mr Low Check Kian, Vice Chairman, Corporate & Institutional Client Group, Asia Pacific Region, Merrill Lynch (Singapore); Mr Hidetoshi Mine, Managing Director, Tokyo-Mitsubishi Int'l (S) Ltd; Mr Robert Stein, Chief Executive Officer, Asia Pacific, Deutsche Bank Group; Mr George Teo, Executive Chairman, JM Sassoon & Co Ltd; Mr Wong Ngit Liong, Managing Director, Venture Manufacturing (S) Ltd.

Background to new directors

Mr Robert Stein

Prior to his current appointment as CEO, Asia Pacific, Deutsche Bank, Mr Robert Stein was CEO of Deutsche Securities in Japan. Mr Stein also headed Merrill Lynch's Debt and Equity Markets, Asia Pacific from 1994 and was the Head of Debt Markets, Japan in 1992 and Head of Debt Markets, Asia Pacific in 1989.

Mr Low Check Kian

Mr Low's responsibilities as Vice Chariman, Corporate & Institutional Client Group, APR, Merrill Lynch, include overseeing the strategic direction and relationship management for the region. Prior to this, Mr Low was the Managing Director, Head, Equity Markets, Asia Pacific, Merrill Lynch and was responsible for all Asia Pacific Equity Markets Products. He was also a member of the Asia Pacific Regional Executive Committee and was involved in country, regional and business strategy planning.

Mr Goh Yew Lin

Prior to his appointment as Executive Director of GK Goh Holdings Ltd, Mr Goh was an investment adviser in Robert Fleming & Company Ltd. Mr Goh is also a Director in Boyer Allan Investment Management Ltd and a member of the MAS Financial Centre Advisory Group.