The Singapore Exchange (SGX) has appointed Lawrence Wong, currently its head of listings, as the new head of its China business.
He will have oversight of all of SGX’s China businesses and will be responsible for building SGX’s business and relationships in China by exploring opportunities across equities, bonds, derivatives and commodities. He will relocate to China, and will continue to head the listings business.
Magnus Bocker, the CEO of SGX, said that China is a key market in SGX’s strategy for future growth and international footprint and the exchange plans to expand its on-the-ground presence. SGX has established a wholly foreign-owned enterprise in China and will be setting up branches in Shanghai and Beijing, in addition to its current representative office in Beijing.
Before joining SGX in April 2006, Mr. Wong was general manager of Schroders’ joint venture for Greater China and was based in Shanghai.
He currently represents SGX as a member in seven collaboration councils set up by Singapore with Guangdong, Jiangsu, Liaoning, Shandong, Sichuan, Tianjin and Zhejiang, which promote bilateral economic, business, trade and investment activities.