SGX chief Loh Boon Chye’s annual pay rose 3.3% to $7.8 million
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The bulk of Mr Loh Boon Chye's pay package came from a cash bonus and long-term incentives, totalling $6.5 million.
PHOTO: BT FILE
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SINGAPORE – Singapore Exchange (SGX) chief executive Loh Boon Chye’s total gross remuneration grew to $7.82 million for financial year (FY) 2025 on the back of the bourse’s strong financial results.
This was about 3.3 per cent higher than the $7.57 million he received in FY2024, according to SGX’s annual report released on Sept 15.
The bulk of his FY2025 package came from a cash bonus and long-term incentives, totalling $6.5 million and making up more than 80 per cent of his compensation.
Mr Loh’s fixed pay stood at $1.21 million, largely unchanged from the previous year. But he also received a cash bonus of $3.27 million and $3.27 million in long-term incentives such as performance shares that were aligned with the company’s long-term results.
Making up the total was benefits in kind of $75,553, up from $57,256 a year ago.
His latest pay award comes on the back of SGX’s 11.7 per cent year-on-year rise in net revenue to $1.3 billion for the year to June (FY2025), driven by higher revenue from all business segments.
SGX reported in August that net profit rose 8.4 per cent to $648 million over the same period, yielding total dividends of 37.5 cents per share, up 8.7 per cent from 34.5 cents per share in FY2024.
The exchange said then that it expects to steadily increase dividends by 0.25 cent every quarter from FY2026 to FY2028.
In his annual report letter to shareholders, Mr Loh said that the market saw renewed interest and increased fund flows into non-index stocks, while the bellwether Straits Times Index charted new heights.
“Investors showed increased interest beyond index names, while fund flows into Singapore equities remained positive. Market vibrancy improved, as did the initial public offering pipeline – encouraging signs of confidence returning to the broader ecosystem.”
He added that the Monetary Authority of Singapore’s Equities Market Review Group, which announced its first set of measures to revitalise the local bourse earlier in 2025, will help to build momentum as the initiatives are progressively rolled out.
SGX shares closed 2.9 per cent higher, or 48 cents, to $17.05 on Sept 15.
