SGX Shuffles FX Management

Singapore Exchange (SGX) has announced changes in its FX and technology management teams, aimed at strengthening its leadership and bolstering its capabilities for continued success and growth.

Jean-Philippe Malé will be appointed CEO of SGX FX, effective 1 April 2025. Previously he was CEO and co-founder of BidFX, which was acquired by SGX in 2020. He was promoted to president of SGX FX in mid-2024, and has been a driving force behind the significant rise of the OTC FX business, SGX says. In his new role, Malé will be responsible for leading the SGX FX management team in expanding its contribution as a growth engine for the wide group.

Lee Beng Hong, currently head of wholesale markets and platforms, will be moving on from his position to pursue new opportunities, SGX says.

Elsewhere, Thijs Jacobs, group chief technology officer, is stepping down from his position and his responsibilities will be covered by chief information officer Tinku Gupta, while SGX seeks a replacement for the role.

“We are excited to welcome JP to his new post and are confident that his leadership will further elevate SGX FX,” says Loh Boon Chye, CEO of SGX Group. “We also extend our gratitude to Beng Hong and Thijs for their contributions and wish them the best in their future endeavours. These changes reflect our commitment to continuously evolve and strengthen our leadership team to meet the dynamic needs of our business and stakeholders.”