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Singapore Exchange Limited (SGX) is pleased to announce that it has appointed Mr Jeremy Ang Peng Leong as Chief Executive Officer of Singapore Commodity Exchange (SICOM) with effect from 16 July 2008. This is following its acquisition of SICOM, which is scheduled to be completed by end-June.
Mr Ang is currently the Managing Director for Derivatives and Group Treasury at DBS Vickers (Singapore) Pte Ltd. He was instrumental in expanding the company’s infrastructure to support an extended product offering to cover, besides financial futures, global commodities for both exchange-traded and over-the-counter (OTC) products. These include energy products and forward freight agreements (FFAs). Within a year, the company was named Top SGX FFA Clearing Member & Second Overall OTC Clearing Firm at the SGX AsiaClear Awards Night in January 2008.
Prior to that, he was with global derivatives broker Refco (Singapore) Pte Ltd between 1984 and 2005, culminating in his appointment as Executive Vice President. He helped pioneer the growth of its business in the region to become a leading commodity broker for Asia and its emerging markets.
“With nearly 25 years of experience in commodities and derivatives, including rubber trading and broking in the region, Jeremy will be an asset to SICOM and its management team. His experience, leadership and business skills will be useful in bringing SICOM to its next phase of development and growth, in close partnership with SICOM members and market participants,” said Mr Hsieh Fu Hua, CEO of SGX.
