Singapore Exchange Reorganises Capital Markets Business Units

The debt capital market and corporate client coverage units have been folded into SGX’s equity capital markets division.

SGX (Singapore Exchange) has reorganised its capital markets division to help it provide more holistic coverage to a more diverse client base.

The revamp involved folding SGX’s debt capital market and corporate client coverage units into its equity capital markets division.

Head of global sales and origination Pol de Win said the move will allow SGX to have “more meaningful and relevant conversations” with global clients because it will be able to discuss a spectrum of products as opposed to just one or two products.

The merged capital markets division will be led by Koh Jin Hoe, currently executive director for global sales and origination, and Matthew Song, head of corporate and institutional client coverage.

Current global head of equity capital markets Mohamed Nasser Ismail will leave SGX at the end of October after 18 years.

Overall, SGX expects more business in the equity capital markets from next year due to higher interest rates, which make it more expensive for firms to finance themselves through debt.

SGX had eight new equity listings in the financial year ended 30 June, raising SGD 37.6 million in proceeds, compared with 17 IPOs raising SGD 1.9 billion the year before.