Corporate digest

Singapore Exchange

SINGAPORE Exchange (SGX) has appointed a new chairman, Kwa Chong Seng, who will in turn step down from Olam International's board to devote time to the new responsibilities.

Mr Kwa will succeed outgoing SGX chairman Chew Choon Seng, who has been at the helm of the exchange since January 2011. Mr Chew said Mr Kwa's capabilities, experience and accomplishments in industry, business and public service are well known and highly regard. "SGX will definitely be well steered," he said.

Separately, Olam said it has accepted Mr Kwa's resignation with effect from Dec 31 this year and started the process of identifying a new chairman.

"With my appointment as chairman of SGX effective September 22, 2016, stepping down from the Olam board will allow me more time to de…