Baltic Exchange new Asia head eyes stronger regional presence

Singapore

MORE than two years since Singapore Exchange (SGX) sealed its £87 million (S$156) purchase of Baltic Exchange, one of London's oldest establishments, the latter is poised for a stronger presence in Asia.

Founded in 1744 as a forum for chartering vessels, the Baltic Exchange produces benchmark indexes for global shipping rates and owns a trading platform for the freight derivatives market. It was bought over by SGX in November 2016.

Now led by a new Asia head, Lu Su Ling, the subsidiary of SGX intends to complement London and wants to capitalise on Singapore's strategic…