SGX CFO steps down from post

Seck Wai Kwong will leave SGX for a new role at State Street Bank & Trust Co.

Kwong will become the bank’s Executive Vice President and General Manager for Global Markets & Global Services in the Asia Pacific region. His last day of service with SGX will be 10 June 2011.

Muthukrishnan Ramaswami, Co-President of SGX, will take over from Kwong in the interim as the acting Chief Financial Officer.

In a statement, SGX said Seck has helped the exchange evolve from its early days as a newly listed
company to its current position as the Asian Gateway, a leading exchange.

“He has helped SGX achieve and maintain high standards in financial reporting and transparency, and built good rapport amongst the investors and market analysts,” the company said.

Apart from his CFO role, Seck has also held a wide set of responsibilities in other areas, such as strategy, business development, and legal & compliance.

Magnus Böcker, SGX CEO, said, “SGX has greatly benefited from Wai Kwong’s contributions over the years and his dedication to SGX has been commendable. We would like to thank Wai Kwong for his stewardship of the Finance team, and for being a valuable member of management. We wish him and his family the very best and all success in his new role.”