Singapore Exchange (SGX) has appointed Ng Yao Loong as deputy chief financial officer with effect from April 1 2020. Ng will succeed the retiring Chng Lay Chew as CFO from October 1 2020 onwards.

Ng was previously with the Monetary Authority of Singapore (MAS) where he spent more than seven years in senior positions. Prior to MAS, he was an investment banker with Morgan Stanley in Singapore and with Citigroup in Hong Kong and London.

The current CFO, Chng, will retire after serving SGX for close to nine years. He joined the exchange in December 2011 bringing with him more than 30 years of experience in accounting and financial management. Chng played a key role in many of SGX’s strategic investments, corporate treasury and financing activities, including the establishment of its first multi-currency debt issuance programme.

“[Ng’s] deep understanding of domestic and international financial markets, coupled with his leadership skills and investment banking experience, will be of value to SGX,” says Loh Boon Chye, SGX’s chief executive officer. “We look forward to Yao Loong building on the strong foundation that Chng has put in place as we continue on SGX’s growth journey.”