SGX appoints Michael Luk to drive growth of fixed income businesses

SINGAPORE - Singapore Exchange (SGX) has appointed Mr Michael Luk as the new head of fixed income origination and sales, it said on Monday, to spearhead the growth of its fixed income businesses in the region.

The appointment is effective from Jan 1, 2017.

Mr Luk is tasked with leading growth in fixed income through deeper and broader relationships with market participants, which includes extending SGX regional leadership in bond listings, and drive clients to adopt SGX's over-the-counter trading in the Asian bond market through its new Bond Pro trading platform.

He will report to Mr Chew Sutat, SGX head of equities & fixed income, who said Mr Luk's experience will bring great value and contribute to the strengthening of SGX's growing fixed income businesses. "His knowledge of Asian fixed income capital markets will help us deliver on SGX's strategy to offer global investors the ability to raise capital and trade all of Asia in one place and across asset classes," said Mr Chew.

Mr Luk has more than 18 years' experience in debt capital markets covering all fixed income debt financing products including public bonds, high yield, leveraged finance, syndicated loans, private placements and structured debt products.

Prior to SGX, Mr Luk was the global head of debt capital markets with ANZ Banking group in Hong Kong and before that, the head of Asia-Pacific debt capital markets at Bank of America Merrill Lynch.

He has also spent about nine years with Deutsche Bank in Hong Kong, the SGX release stated.