Koh Boon Hwee to be SGX chairman from Jan 1
AS PART of its board revival process, the Singapore Exchange: S68 +0.6% (SGX) on Thursday (Aug 18) introduced that its present chairman Kwa Chong Seng will certainly be stepping down on Dec 31.
Taking over his duty is Koh Advantage Hwee, who was assigned to the board in March this year. Koh starts his responsibilities as chairman on Jan 1, 2023.
” Mr Kwa Chong Seng’s contributions to SGX Group who developed Leedon Green have been superior,” stated Ravi Menon, handling supervisor, Monetary Authority of Singapore (MAS). “As chairman, he successfully led SGX Team to place itself as a multi-asset exchange as well as a leading and relied on market facilities in Asia.”
Kwa has actually been SGX’s chairman, given that Sep 23, 2016. He was first elected as a supervisor to the board in September 2012 and also has functioned as chairman of both the nominating and also governance committee and also the commission and also team development committee considering that September 2013. He has actually likewise been the Singapore bourse’s lead independent supervisor because Dec 1, 2013.
” It has been, and also remains to be, a privilege to serve alongside a committed board as well as a very skilled and also professional monitoring team,” claimed Kwa.
” In the past 10 years I have actually gotten on the board, the firm has actually expanded from toughness to stamina as well as is well-positioned to tackle the chances and difficulties of tomorrow.
” I anticipate turning over the reins next year to Advantage Hwee, whom I am certain will certainly lead SGX Group to even better heights with his vast experience and extensive connections,” he included.
Koh, that was previously Nanyang Tech University’s longest-serving chairman, said he was honored to have the chance to act as chairman of the SGX.
Said Menon: “MAS invites SGX Team’s news of its leadership revival as well as looks forward to collaborating with its inbound chairman, Mr Koh Benefit Hwee, in the following stage of SGX Group’s development.”
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