Bye Bye Magnus Bocker

Magnus Bocker, the CEO of the Singapore Stock Exchange, will not seek an extension of his appointment beyond his current contract, which will be completed on June 30 2015.  He has been in the post since December 1 2009.

The Board says it is assessing internal and external candidates on a short list and has engaged the global executive search and leadership advisory firm Spencer Stuart to facilitate the process.

Bocker said: “... there is a time and season for everything, and it is now time for me to take on new challenges. I am confident that what we have built at SGX will endure and continue to serve the market well.”

SGX Chairman Chew Choon Seng said: “We appreciate and thank Magnus for his contributions and leadership over an eventful and rapidly changing period, and wish him the best in his future endeavours. We will work towards a smooth leadership transition.”