GXS Bank names former SGX president as group CEO

Since stepping down in 2019, Muthukrishan Ramaswami has served on the boards of GovTech Singapore and Temus.

GXS Bank has appointed Muthukrishnan Ramaswami as its group chief executive officer, effective 7 February, subject to regulatory approval.

Ramaswami was president of the Singapore Exchange (SGX) for 12 years, during which he also served as CEO of the exchange’s regulated subsidiaries. He stepped down in 2019.

Ramaswami is tasked with leading regional partnerships in which GXS can benefit from economies of scale, both for Singapore and Malaysia, the bank said in a press announcement.

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He has over 35 years of experience across a range of financial businesses including exchanges, clearing houses, as well as retail and wholesale banking. He has held regional and international leadership roles across Singapore, Hong Kong, India, London and New York, according to GXS Bank. 

Since stepping down from his role at SGX in 2019, Ramaswami has served on various boards including GovTech Singapore and Temus, a digital transformation company established by Temasek in partnership with UST, a global digital services company.