Singapore Exchange CEO Luo Wencai said he is ready to step down as the exchange enters the next phase of growth. Luo Wencai said at the company's annual conference on Friday: “We have a clear strategic direction, a competent leadership team, and momentum to push the SGX to continue to grow. Based on this, I recently told the Chairman that the handover of the CEO position should be planned in advance.” Luo Wencai was the former head of Asia Pacific Global Markets at Bank of America and became the CEO of the SGX in July 2015. The capital market veteran said the contract will last until July 2027. The SGX disclosed results in August. Revenue and net profit hit new highs since listing. The stock, foreign exchange, and commodities business grew across the board. The company also announced a one-time special dividend.
Zhitongcaijing · 1d ago
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Singapore Exchange CEO Luo Wencai said he is ready to step down as the exchange enters the next phase of growth. Luo Wencai said at the company's annual conference on Friday: “We have a clear strategic direction, a competent leadership team, and momentum to push the SGX to continue to grow. Based on this, I recently told the Chairman that the handover of the CEO position should be planned in advance.” Luo Wencai was the former head of Asia Pacific Global Markets at Bank of America and became the CEO of the SGX in July 2015. The capital market veteran said the contract will last until July 2027. The SGX disclosed results in August. Revenue and net profit hit new highs since listing. The stock, foreign exchange, and commodities business grew across the board. The company also announced a one-time special dividend.
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