Singapore Exchange has appointed Jeremy Ang Peng Leong as chief executive of the Singapore Commodity Exchange, following its acquisition of the exchange, which is scheduled to be completed by the end of June.
Ang was previously managing director for derivatives and group treasury at DBS Vickers (Singapore), where he has been instrumental in expanding the company's infrastructure to support an extended product offering to cover, in addition to financial futures, global commodities for both exchange-traded and over-the-counter products, including energy products and forward freight agreements.
Earlier Ang worked for derivatives broker Refco between 1984 and 2005, culminating in his appointment as executive vice-president. He helped pioneer the growth of its business in the region to become a leading commodity broker for Asia and its emerging markets.
'With nearly 25 years of experience in commodities and derivatives, including rubber trading and broking in the region, Jeremy will be an asset to Sicom and its management team,' says Singapore Exchange chief executive Hsieh Fu Hua.
'His experience, leadership and business skills will be useful in bringing Sicom to its next phase of development and growth, in close partnership with members and market participants.'