Chief regulatory officer of the Singapore Exchange (SGX), Richard Teng, has announced his resignation, and will take up a new role as CEO of the Abu Dhabi Global Market Regulator.
Teng will leave SGX on 28 February 2015 after seven years with the organisation.
He was involved in establishing a direct listing framework for China incorporated companies on the exchange and helped to introduce a regulatory framework for secondary listings. He is also credited with augmenting safeguards in the stock market in general.
CEO of SGX, Magnus Bocker, said: “While we will all miss him, we are also very proud that he has been presented with the opportunity to shape the regulatory landscape internationally. We wish him all the best in his new assignment.”
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