SGX Appoints Lawrence Wong as Head of China Business

Singapore Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term (SGX) has named Lawrence Wong as its head of China business, following a successful stint as its head of listings – a role he will continue to head in conjunction with his new position.

In his new role as head of China business, Mr. Wong will maintain oversight and responsibility over all of SGX’s Chinese operations, including the group’s Equities Equities Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Read this Term, bonds, derivatives, and commodities ambitions in the region.

Prior to joining SGX in April 2006, Mr. Wong was general manager of Schroders’ joint venture for Greater China based in Shanghai as early as 1997. He was also involved in OCBC Bank’s China business during his tenure as one of the bank’s senior management team. He currently represents SGX as a member in seven collaboration councils set up by Singapore with Guangdong, Jiangsu, Liaoning, Shandong, Sichuan, Tianjin and Zhejiang to promote bilateral economic, business, trade and investment activities.

According to Magnus Bocker, CEO of SGX in a recent statement on the appointment, “China is a key market in SGX’s strategy for our future growth and international footprint. The continual expansion of our on-the-ground presence in China will enable us to better capitalise on long term growth opportunities whether for fund-raising, indices or commodities.”

“I am delighted that Lawrence will take on the role as head of our China business. His significant industry experience and his extensive network in China will be vital to the growth of our business and relationships there, particularly with customers and regulators. Lawrence is a seasoned China hand and I am confident that he will successfully deliver and execute our growth plan for China,” he added.