SINGAPORE EXCHANGE LIMITED Singapore Exchange (SGX) has appointed Lawrence Wong, head of Listings, as the head of its China business. Mr. Wong will have oversight of all of SGX's China businesses, as part of the company's expansion of its international presence.
Mr. Wong will be responsible for building SGX's business and relationships in China through exploring opportunities across equities, bonds, derivatives and commodities. He will relocate to China, and will continue to head the Listings business.
Prior to joining SGX in April 2006, Mr. Wong was General Manager of Schroders' joint venture for Greater China based in Shanghai as early as 1997. He was also involved in OCBC Bank's China business during his tenure as one of the bank's senior management team. He currently represents SGX as a member in seven collaboration councils set up by Singapore with Guangdong, Jiangsu, Liaoning, Shandong, Sichuan, Tianjin and Zhejiang to promote bilateral economic, business, trade and investment activities.
Commented Magnus Bocker, CEO of SGX, "China is a key market in SGX's strategy for our future growth and international footprint. The continual expansion of our on-the-ground presence in China will enables to better capitalise on long term growth opportunities whether for fund-raising, indices or commodities. I am delighted that Lawrence will take on the role as head of our China business. His significant industry experience and his extensive network in China will be vital to the growth of our business and relationships there, particularly with customers and regulators. Lawrence is a seasoned China hand and I am confident that he will successfully deliver and execute our growth plan for China."
SGX has established a wholly foreign-owned enterprise (WFOE) in China and will be setting up branches in Shanghai and Beijing, in addition to its current Representative Office in Beijing.
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