Mr Simpson has cited personal reasons for his departure, particularly a desire to be closer to his family in the United Kingdom.
Since joining SGX in September 2000, he has made a number of significant contributions to the development of the exchange's IT Solutions business. In particular, he spearheaded the formation of Asia Converge Pte Ltd, a joint-venture which provides comprehensive technology and operational outsourcing services for brokerages in the region.
SGX will incorporate the division's two business lines - customer accounting services and front-end order routing - into the exchange's securities clearing and securities trading divisions respectively. By integrating these lines into established business areas, additional marketing and product synergies can be developed for these businesses. As for the legal entity Singapore Exchange IT Solutions Pte Limited, it will continue to exist as a wholly-owned subsidiary of SGX.
Mr Thomas Kloet, CEO of SGX said, "We are very pleased with the progress of our IT Solutions business. Since he joined us, Roy has laid the foundations for expanding the range of e-commerce solutions that we provide to the Singapore marketplace, and he will be missed by his colleagues at SGX."
