The appointment of new directors is part of the board renewal process in SGX. The appointments were approved by shareholders at the SGX Annual General Meeting, held today. The three new directors replace outgoing directors, Messrs Victor Liew, Goh Yew Lin and Richard Gnodde.
"SGX would like to thank the outgoing directors for their contributions and welcomes our new directors, who with their interesting background and diverse experience, will help widen the perspective of the board," commented Mr J Y Pillay, Chairman of SGX.
Mr Lee Hsien Yang is the President and CEO of Singapore Telecommunications Limited. Ms Olivia Lum Ooi Lin is the Group CEO and President of Hyflux Ltd. Mr Robert Owen, Senior Advisor of Nomura International (Hong Kong) Ltd, formerly served as Executive Chairman of the Securities and Futures Commission (1989–92) where he was instrumental in restructuring the securities and derivatives markets in Hong Kong following the 1987 crash. For more information, please refer to their curricula vitae below.
Curricula Vitae of Proposed SGX Directors
Mr Lee Hsien Yang
President & CEO
Singapore Telecommunications Limited
Mr Lee joined SingTel in April 1994 and has been the President and CEO of SingTel since May 1995. Prior to joining SingTel, he served in a variety of command and staff appointments in the Singapore Armed Forces. Mr Lee chairs the Republic Polytechnic's Board of Governors and is a member of the Land Transport Authority Board and the Board of Directors of INSEAD, France. A President's Scholar and an SAF Scholar,
Mr Lee has a first class honours degree in engineering from Cambridge University and an MSc in Management Science from Stanford University.
Ms Olivia Lum Ooi Lin
Group CEO and President
Hyflux Ltd
Ms Lum began her career as a Chemist with Glaxo (S) Pte Ltd in 1986. In 1989, she started Hyflux Ltd, a company specializing in water and waste water treatment. Currently, Ms Lum holds directorships in Yeo Hiap Seng Limited, Matex International Ltd and Hyflux Ltd. Ms Lum graduated from the National University of Singapore in 1986 with a Bachelor of Science (Honours).
Mr Robert Owen
Senior Adviser
Nomura International (Hong Kong) Ltd
Mr Owen is Senior Adviser of Nomura International (Hong Kong) Ltd., based in Hong Kong. He is also non-executive Chairman of Crosby Ltd (listed on the AIM market in London), Chairman of the International Securities Consultancy Ltd (unlisted) and a non-executive director of Sunday Communications Ltd (listed in Hong Kong and on NASDAQ) and a number of investment funds. Mr Owen began his career in the U.K. Foreign Office. He later worked for Morgan Grenfell and Lloyds Bank.
In 1988. Mr Owen was appointed Adviser on Securities Markets and Commissioner for Securities by the Hong Kong Government to implement reforms to the regulation and operation of Hong Kong's securities and futures markets. In 1989 he became Executive Chairman of the Securities and Futures Commission. Mr Owen is a member of the Regulatory Council of the Dubai Financial Services Authority and was a Member of the Council and Regulatory Board of Lloyds of London from 1993-95. He is also a Governor of Repton School. Mr Owen graduated with first class honours from Oxford University in 1961.
