Tuesday, December 06, 2011

Singapore Exchange Strengthens Regulation with New Appointments

Singapore Exchange (SGX) announced that it has appointed Richard Teng as Deputy Chief Regulatory Officer with effect from 1 January 2012.

SGX said that in his new role, Teng will support Yeo Lian Sim, Chief Regulatory Officer, in maintaining a robust regulatory framework to uphold the quality and integrity of the marketplace.

Teng was appointed Head of Regulation in July this year to oversee the issuer regulation, Catalist regulation, member supervision, market surveillance and enforcement functions under the Risk Management and Regulation (RMR) unit.

He joined SGX in 2007 as Head of Issuer Regulation and Chief of Staff for the RMR team.

Prior to joining SGX, Teng was director of the corporate finance division at the Monetary Authority of Singapore.

The exchange also welcomed Sonia Zhang as Head of Risk Management with immediate effect on Monday.

In leading the risk management team, Zhang will be responsible for establishing enterprise-wide risk policies and management of clearing houses’ risk exposures.

SGX said the risk management unit will work closely with the clearing risk unit, which is responsible for the formulation and implementation of risk frameworks for new products and services. Both units report to Yeo.

Zhang joins SGX from OCBC Bank where she headed market risk control and analysis within the group risk management unit in overseeing market risk identification, measurements and control for the bank’s trading activities.

“The new appointments strengthen the risk management team for the challenges of the changing financial landscape,” Yeo said in a statement.

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