SGX appoints ex-banker Loh Boon Chye as new CEO, taking over from Magnus Böcker

The Singapore Exchange has appointed Mr Loh Boon Chye as its new chief executive officer, taking over from Mr Magnus Böcker. He will commence his appointment on July 14.

Mr Loh was a director on the SGX board from October 2003 to September 2012.

He is well known in financial circles, with a career spanning 26 years, beginning as an investment officer with the Monetary Authority of Singapore in 1989.

He joined the Singapore branch of Morgan Guaranty Trust Co of New York in 1992.

From 1995 to 2012, he was with Deutsche Bank AG in Singapore, where he held the posts of chief executive of the Global Markets Division in Singapore, and head of global markets - Asia. He was also its head of corporate and investment banking for Asia-Pacific.

From December 2012 to early this year, Mr Loh was with Bank of America-Merrill Lynch as deputy president and head of global markets for Asia-Pacific.

SGX chairman Chew Choon Seng said: "We are pleased to welcome Boon Chye as the new CEO. He is very well regarded by everyone who has worked with him and respected as an accomplished leader and team manager. Boon Chye is no stranger to SGX and his knowledge and extensive experience in capital markets equip him well to take SGX forward."

Mr Loh, 51, said: "I am honoured to be given the mandate to steer SGX, and look forward to further building on a strong foundation. I have previously had the opportunity to be involved with SGX and seen it grow into a truly international exchange that is a gateway to Asia."

Mr Chew expressed SGX's thanks and appreciation to Mr Böcker for his service and contribution as CEO over the past five-and-a-half years, and wished him the best for the future.

Mr Böcker will complete his assignment on June 30. SGX president Muthukrishnan Ramaswami will be in charge from July 1 to July 13.

gleong@sph.com.sg