Several long-serving staff members of Singapore Exchange Ltd. are leaving as part of a strategic initiative to revitalize its underperforming equities sector. This move reflects the exchange’s commitment to improving its performance in a competitive financial environment.

Notable departures include:

• Frieda Choong – Manages IPO approvals and has been with the organization for over ten years.
• June Sim – Head of listing compliance in the regulatory division, also a long-serving member of the team.
• Nico Torchetti – Previously worked at HSBC Holdings Plc and is currently in charge of SGX’s operations and market services.

These changes are significant as the exchange seeks to enhance its operational effectiveness and adapt to the evolving market landscape.

📎 Related coverage from: bloomberg.com