Singapore Exchange’s head of wholesale markets and platforms, Lee Beng Hong, has resigned “to pursue new opportunities”.
Lee’s last day with the exchange will be on March 31. He has been with the company since Aug 1, 2019.
Lee was appointed to his current role in September 2023 after SGX announced its new structure. He was previously the head of the group’s fixed income, currencies and commodities (FICC) segment.
On March 6, SGX also announced other management changes including appointing Jean-Philippe (JP) Malé as CEO of SGX FX. Malé, who was previously the CEO and co-founder of BidFX, will step into his role effective from April 1. BidFX was a buyside foreign exchange (FX) over-the-counter (OTC) platform that was acquired by SGX in 2020.
In his new role, Malé will lead the SGX FX management team in expanding its contribution as a growth engine for the group.
SGX also announced the departure of its group chief technology officer, Thijs Jacobs. His responsibilities will be covered by chief information officer Tinku Gupta, as the group looks for Jacobs’ replacement.
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“We are excited to welcome JP to his new post and are confident that his leadership will further elevate SGX FX. We also extend our gratitude to Beng Hong and Thijs for their contributions and wish them the best in their future endeavours,” says SGX’s CEO Loh Boon Chye. “These changes reflect our commitment to continuously evolve and strengthen our leadership team to meet the dynamic needs of our business and stakeholders.”
Shares in SGX closed 3 cents lower or 0.23% down at $13.17 on March 5.
