SMX appoints Vaidyalingam Hariharan as Chief Executive Officer

His new role will take effect from 12 December 2011.

The Board of Directors of the Singapore Mercantile Exchange announced the appointment of Mr. Vaidyalingam Hariharan, currently serving as the interim CEO, as the Chief Executive Officer of SMX with effect from 12 December 2011. His appointment is for an initial term of three years.

In his six-month tenure as the interim CEO, Mr. Hariharan has been responsible for stabilising the operations of SMX and demonstrating tangible results both on the business and strategic fronts. He has instilled greater focus in the organisation through re-allocation of resources and responsibilities with a view to driving performance.

Mr. Hariharan is a qualified technology and management professional with extensive experience in areas of technology development and conceptualization, exchange management, business strategy and international relations. He has immense knowledge in the field of exchanges, with previous stints at the Bombay Stock Exchange, National Stock Exchange of India Ltd. and Multi Commodity Exchange of India Ltd. Mr. Hariharan has been notably involved in MCX (5th largest Commodity Exchange in the world), and Indian Electricity Exchange (IEX - No. 1 Electricity Exchange of India) where he has been involved right from the inception as director on the board to implement these green-field Exchanges.

From December 2000, he has held pivotal roles within the Financial Technologies Group – a leading provider of trading technology solutions and the creator of several exchange and support eco-system ventures across India, Middle East, Asia and Africa. Mr. V Hariharan has been director on the board of various exchanges and support companies including the boards of SMX and its wholly-owned subsidiary, SMX Clearing Corporation from the very beginning.