The Singapore Exchange’s (SGX’s) board of directors has renewed the contract of the exchange’s CEO, Magnus Böcker.
His current contract was due to expire on 30 November, which he signed when he joined SGX in June 2009.
Böcker’s new contract extends his stay at SGX until 30 June 2015 and becomes effective 1 July.
SGX chairman Chew Choon Seng said: “Given that the tensions and anxieties that have weakened global financial markets are likely to persist for some time yet, we are appreciative that Böcker has signed on for another term in office. He will provide known leadership for the SGX organisation in the uncertain times ahead.”
SGX revealed that Böcker's new deal gives him a fixed base salary of S$1,000,000 per year.
