Kwa Chong Seng (L) and Koh Boon Hwee (Photo from SGX)
He will serve the company until 31 December.
Kwa Chong Seng will step down as chairman of the Singapore Exchange Limited’s (SGX) board on 31 December.
In an announcement, SGX said Koh Boon Hwee, who was appointed to the board last 15 March, will succeed Kwa.
Kwa has served as SGX chairman since 23 September 2016. Before his role as chairman, he served as a board director for SGX, chairman of the Nominating and Governance Committee and the Remuneration and Staff Development Committee, and Lead Independent Director.
“In the past 10 years, I have been on the Board, the Company has grown from strength to strength and is well-positioned to take on the opportunities and challenges of tomorrow. I look forward to handing over the reins next year to Boon Hwee, whom I am confident will lead SGX Group to even greater heights with his vast experience and extensive connections,” said Kwa.
Meanwhile, Kwa’s successor, Koh, served and chaired various listed and private companies globally and in Singapore, including Agilent Technologies, DBS, Singapore Airlines, SingTel and Wuthelam Group.
“Under Chong Seng’s leadership, SGX Group has successfully navigated unprecedented times in financial markets. I will do my best to steer the Company as it continues to innovate and grow internationally,” said Koh.