SGX boosts fixed income business 04 April 2018Singapore Reporter: Jenna Lomax
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Singapore Exchange (SGX) has appointed Mark Leahy as head of fixed income.
Leahy will be responsible for executing the strategy for SGX鈥檚 bond trading business, SGX Bond Pro, while also driving institutional participation and continuing to strengthen SGX鈥檚 Asia leadership in bond listings.
Leahy has more than 27 years experience in fixed income trading, syndication and capital markets.
Prior to SGX, Leahy was head of debt capital markets and syndication for Asia Pacific at Nomura International.
Leahy was also Asian regional head of global risk syndicate at Deutsche Bank and also worked at UBS as Asian regional head of fixed income.
The exchange also stated SGX Bond Trading Pte will assume the general counterparty role for SGX Bond Pro from mid-2018.
This role enables the execution of client trades on SGX Bond Pro while maintaining full pre- and post-trade anonymity between trading counterparties.
SGX has appointed Standard Chartered Bank as sole settlement agent bank for SGX Bond Trading Pte. The bank will provide transaction securities services support and ensure a seamless post-trade process.
Commenting on Leahy鈥檚 appointment, Chew Sutat, head of equities and fixed income, said: 鈥淲e are delighted to welcome Mark Leahy to SGX and I am confident that his market experience and domain expertise will be invaluable to the growth of SGX鈥檚 fixed income business and the continued development of SGX Bond Pro.鈥�
He added: 鈥淭he initiative to take over the role of general counterparty is a natural evolution for SGX and is testament to the traction we have made in many key markets over the past two years. It is supported by client feedback, and underpinned by our commitment and execution in securities post-trade services.鈥�
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