Magnus Bocker, CEO of the Singapore Stock Exchange, will not be extending his appointment beyond his current contract, which ends on 30 June.
Bocker has been CEO of the exchange since 1 December 2009. He stated: “I am proud of our accomplishments in expanding SGX both in Singapore and internationally, especially for Asian equity index derivatives.”
The board is moving forward with its CEO succession plan and is assessing internal and external candidates.
It has hired the global executive search and leadership advisory firm Spencer Stuart to help with the process.
Chew Choon Seng, chairman of the Singapore Stock Exchange, commented: “The board understands Bocker’s considerations and respects his decision.”
