SGX CEO Loh Boon Chye’s pay rises 3.3% to S$7.82 million in FY2025
The pay hike is driven by increases to cash bonuses and long-term incentives that he received for the financial year
[SINGAPORE] Singapore Exchange (SGX) chief executive officer Loh Boon Chye got a 3.3 per cent pay boost for the latest financial year, the bourse operator’s 2025 annual report released on Monday (Sep 15) showed.
This comes after the SGX posted record high FY2025 revenue and earnings in August.
Loh received S$7.82 million in total gross remuneration for the financial year ended Jun 30, 2025, up from S$7.57 million in the previous corresponding period, the report indicated.
The pay hike was driven by increases to the cash bonus and long-term incentives that Loh received for the financial year. These two segments form the bulk of his total gross remuneration, amounting to more than 80 per cent.
The CEO received a S$3.27 million cash bonus for FY2025, which made up around 41.8 per cent of his total pay. This was up from the S$3.15 million cash bonus he received for FY2024 by around S$114,149 or 3.6 per cent.
The cash bonus was determined by the board after taking into account the achievement of “specific quantitative and qualitative targets and objectives”, the report said.
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Loh was paid S$3.27 million in long-term incentives, S$166,050 or 3.7 per cent higher than the S$3.15 million he received previously.
This included performance shares awarded during the year under the SGX’s performance share plan – an incentive scheme that awards shares depending on the achievement of targets. The targets include strategic and non-financial goals alongside growth outcomes for scale and relevance relative to peer exchanges and companies.
Long-term incentives also included incentives conferred under the SGX deferred long-term incentives scheme.
His fixed pay stood at S$1.21 million, largely unchanged from the year prior. This made up around 15.5 per cent of his total gross remuneration.
Benefits-in-kind, which formed 1 per cent of Loh’s pay, rose to S$75,553 from S$57,256 – up nearly 32 per cent or S$18,297. These include medical, dental and group insurances and are “comparable with local market practices”, the report stated.
On Aug 8, the SGX posted its highest ever full-year top-line and bottom-line results since its listing. This was despite a 2.6 per cent decline in earnings for the second half of the year.
Its net profit rose 8.4 per cent from S$597.9 million in FY2024 to nearly S$648 million in FY2025. In tandem, its operating revenue for the full-year climbed 11.3 per cent to S$1.37 billion, from S$1.23 billion.
The board proposed a final quarterly dividend of S$0.105 a share, up from S$0.09 previously, payable on Oct 27 after approval at the company’s annual general meeting. If approved, it will bring the total dividends for FY2025 to S$0.375, translating to an annualised increase of 8.7 per cent.
Shares of SGX closed on Friday at S$16.57, 0.2 per cent or S$0.04 higher.
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