The Singapore Exchange (SGX) has boosted its regulatory compliance and risk management teams with two new appointments.
Richard Teng has been promoted as deputy chief regulatory officer and will join on 1 January, while Sonia Zhang joined yesterday as head of risk management.
In his new role as deputy chief regulatory officer, Teng will support Yeo Lian Sim, chief regulatory officer, maintaining the regulatory framework to uphold the quality and integrity of SGX’s markets.
Teng was appointed head of regulation in July 2011 to oversee issuer regulation, catalyst regulation, member supervision, market surveillance and enforcement functions under the risk management and regulation unit. He joined SGX in 2007 as head of issuer regulation and chief of staff for the risk management and regulation team.
Prior to joining SGX, Teng was the director of the corporate finance division at the Monetary Authority of Singapore and responsible for forming and administering the Securities and Futures Act, which covers securities, business trusts, real estate investment trusts and collective investment schemes. He also held the appointment of secretary to the Singapore Securities Industry Council.
Zhang will be responsible for establishing risk policies and management of clearing houses’ risk exposures. The risk management unit will work with the clearing risk unit, which is responsible for providing risk frameworks for new products and services. Both units report to Yeo Lian Sim.
Zhang joins SGX from OCBC Bank, where she headed market risk control and analysis in overseeing the market risk identification, measurements and control for the bank’s trading activities.
Zhang was also an assistant professor in the University of Toronto and the California Institute of Technology. She holds a PhD in physics from the University of Liverpool and a Bachelor of Science degree from Jilin University of China.