Singapore Exchange (“SGX”) announces that Mr Seck Wai Kwong, the Chief Financial Officer, will leave SGX for a new role as Executive Vice President and General Manager, Global Markets & Global Services (Asia Pacific), with State Street Bank & Trust Co. His last day of service with SGX will be 10
June 2011.
Taking over from Mr Seck Wai Kwong in the interim as the acting Chief Financial Officer will be Mr Muthukrishnan Ramaswami, Co-President of SGX. Having been part of the management team in SGX, Mr Ramaswami will ensure a seamless continuation of SGX’s financial accounting and reporting functions. At the same time, he provides the continuity and context to represent SGX to external stakeholders.
In his eight years with SGX, Mr Seck has helped SGX evolve from its early days as a newly listed company to its current position as the Asian Gateway, a leading exchange. He has helped SGX achieve and maintain high standards in financial reporting and transparency, and built good rapport amongst the investors and market analysts. Apart from his CFO role, Mr Seck has also held a wide set of responsibilities in other areas, such as strategy, business development, and legal & compliance.
Said Mr Magnus Böcker, SGX CEO, “SGX has greatly benefited from Wai Kwong’s contributions over the years and his dedication to SGX has been commendable. We would like to thank Wai Kwong for his stewardship of the Finance team, and for being a valuable member of management. We wish him and
his family the very best and all success in his new role.”
