SGX's Chew Sutat retires after 14 years, to focus on community work

Singapore

THE Singapore Exchange (SGX) has hired a new head of global sales and origination to succeed Chew Sutat, who will retire after over two years in the role, and after 14 years with the company.

In a LinkedIn update on Monday, Mr Chew said he continues to be inspired by community work and would like to devote more time to "social sector pursuits" after he retires on July 31.

Former Goldman Sachs banker Pol de Win will take over as senior managing director and head of global sales and origination from July 1, said SGX in a statement on Monday.

Prior to joining the company, Mr de Win was a managing director at Goldman Sachs in Hong Kong, heading South-east Asia financial institutions and fintech (Asia ex-Japan).

He has extensive experience in capital markets advisory and execution of financial-services sector transactions across Asia, Europe and the US, and holds a Master of Science degree from Erasmus University Rotterdam.

SGX said Mr Chew had made significant contributions in a range of leadership positions. On his watch, the exchange transformed from an Asian gateway into a global multi-asset exchange.

Loh Boon Chye, SGX chief executive officer, said: "Sutat has been a valuable colleague and member of the SGX executive management team over the years, pioneering platforms and products that are a key of SGX's business today . . .

"As we enter a new growth stage, we are pleased to welcome Pol to SGX. He adds perspective and experience honed from a vast network of relationships with regional issuers, global investors and major exchanges. With his leadership, we look forward to broadening and deepening the businesses Sutat and the team have built."

SGX shares closed down S$0.06 or 0.6 per cent to S$10.33 on Monday.