The Directors of Singapore Exchange (SGX) names Mr Kwa Chong Seng to succeed Mr Chew Choon Seng as Chairman of the Board.
Chew will be retiring at the conclusion of SGX’s Annual General Meeting on 22 September 2016, and will not be standing for re-election. He joined the Board in December 2004 and has been the Chairman since January 2011.
Kwa was elected to the Board in September 2012. He was appointed the Lead Independent Director in December 2013, and has been the Chairman of both the Nominating & Governance and the Remuneration & Staff Development Committees since September 2013.
Chew said, “The exchange is an important component of Singapore’s financial system. It has been an honour to be of service and I am thankful for the support and cooperation of my fellow Board members and all the people, inside and outside the organization, whom I have worked with. I trust that Mr Kwa will enjoy the same. Mr Kwa’s capabilities, experience and accomplishments in industry, business and public service are well known and highly regarded. SGX will definitely be well steered.”
Commenting on his new appointment, Kwa said, “I am honoured to have this opportunity to contribute. Filling Mr Chew’s big shoes will be difficult as SGX has many stakeholders who all want SGX to succeed. I will do my best to serve these important stakeholders.”