Wed Apr 16, 2014 5:01am EDT
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ICE Announces Management Meetings and also Board pertaining to ICE Futures Singapore along with ICE clear Singapore
Singapore Mercantile Exchange Renaming Reflects Planned Transition in order to ICE Trading along with Clearing Platforms
IntercontinentalExchange Team (NYSE:ICE), the actual leading global network involving exchanges as well as clearing houses, nowadays announced management visits and the Board of Directors pertaining to its Singapore-based exchange along with clearing house, topic to become able to regulatory approval.
ICE additionally announced the Singapore Mercantile Exchange along with Singapore Mercantile Exchange Clearing Corporation will possibly be renamed ICE Futures Singapore along with ICE Distinct Singapore in the coming week.
ICE Futures Singapore and also ICE clear Singapore will be headed simply by Lucas Schmeddes, as President and Chief Operating Officer. Schmeddes was previously Chief Operating Officer associated with ICE Endex inside the Netherlands. Jennifer Ilkiw will be Vice President, ICE for the Asia Pacific region.
The subsequent directors will serve on the boards involving ICE Futures Singapore as well as ICE clear Singapore: Jeffrey C. Sprecher, Chairman and also CEO, ICE; David S. Goone, Chief Strategy Officer, ICE; Vijay Iyengar, Founder along with Managing Director associated with Agrocorp International Pte Ltd; Suntan Soo Nan, CEO, Singapore Pools (Private) Restricted along with Ang Swee Tian, former President of the Singapore Exchange Ltd.
The exchange and also clearing home are anticipated in order to transition for the ICE trading and also clearing platforms inside the second 50 % of 2014. Because any result, the time period regarding business transition is actually at present in position and the present SMX market continues for you to be closed although ICE implements industry as well as technologies changes in consultation with marketplace participants, clearing members as well as regulators.
ICE Futures Singapore and ICE clear Singapore tend to be based in Singapore and consequently are wholly-owned subsidiaries of ICE, operating as separate regulated bodies.
Notes to become able to Editors
Vijay Iyengar will be the Founder and Managing Director of Agrocorp International Pte Ltd, a Singapore based International Commodity Trading as well as Distribution Home using a footprint over the globe.
Armed having a management design involving becoming open, accessible as well as inclusive, Mr Vijay has steered the organization inside under 20 years into a trading powerhouse inside the Asia- Pacific region. The Organization is experienced inside the physical trading of Agricultural Commodities like Wheat, Rice, Pulses Beans, Sugar, Cotton as well as Oil Seeds. the company these days offers once the year turnover regarding about USD1.5 billion and also clients inside India, Bangladesh, Pakistan, Sri Lanka, Indonesia, Vietnam, Malaysia, China, Philippines and also a variety of countries inside the Center East along with Africa. Mr Vijay holds the B Tech (Chemical Engineering) in the prestigious Indian Institute associated with technology (IIT – Mumbai) as well as an MBA via Cornell University.
Tan Soo Nan
Mr Bronze Soo Nan is the Chief Executive Officer of Singapore Pools (Private) Limited, any wholly owned subsidiary of Singapore Totalisator Board. He may become the Chairman with the Asia-Pacific Lottery Association (“APLA”) plus a member of the particular Executive Committee regarding APLA along with world Lottery Association. Mr Brown serves around the board of personal and also public outlined companies which includes Raffles Health-related Team Ltd, Singapore Mercantile Exchange Pte Ltd as well as Osim International Ltd. He in addition sits on numerous not necessarily for gain committees such as holding the actual publish of Vice-President with the Football Association regarding Singapore. Mr Bronze has been formerly the actual Chief Executive associated with Singapore Totalisator Board, Chief Executive Officer regarding Temasek Money (Private) Restricted and also Senior Managing Director of DBS Bank and also had over 29 numerous many years of expertise inside the banking industry.
Ang Swee Tian
Mr Ang Swee Tian may become the Non-Executive Chairman regarding Singapore Mercantile Exchange Pte Ltd as well as an Independent, Non-Executive Director regarding 2 public listed companies, Cosco Corporation (Singapore) limited along with China Aviation Oil (Singapore) Corporation Limited. Mr Ang was the President in the Singapore Exchange Ltd (“SGX”) via 1999 for you to 2005 in the course of which in turn he played an active role in effectively promoting SGX as getting a preferred listing and richesse raising venue regarding Chinese enterprises. Mr Ang furthermore played the pivotal role within establishing Asia’s 1st financial futures exchange, the particular Singapore International Monetary Exchange (“SIMEX”) within Singapore twenty 6 years ago and also has been instrumental in order to creating SGX AsiaClear which in turn began offering OTC clearing facility throughout 2006. Next his retirement within January 2006, Mr Ang took upon a new role as Senior Adviser to SGX until December 2007. Throughout March 2007, Mr Ang became the initial person through an Asian Exchange being inducted in in order to the Futures Business Association’s Futures Hall regarding Fame, that ended up being set up in order to honour and also recognise outstanding people pertaining to his or her contributions for the futures as well as options industry. Mr Ang graduated coming from Nanyang university regarding Singapore using a First-Class Honours degree throughout Accountancy within 1970. He had been conferred any Master degree in Enterprise Administration along with distinction by the Northwestern School inside 1973.
About IntercontinentalExchange Group
IntercontinentalExchange Team (NYSE: ICE) will end up being the leading network of regulated exchanges and clearing houses for monetary and also commodity markets. ICE delivers transparent, reliable as well as available data, technologies along with risk management solutions to be able to markets about the planet via its portfolio involving exchanges, such as the actual The Huge Apple Stock Exchange, ICE Futures, Liffe and Euronext.
Trademarks associated with ICE and/or its affiliates include IntercontinentalExchange, ICE, ICE block design, NYSE Euronext, NYSE, new York Stock Exchange, LIFFE and also Euronext. Information relating to extra trademarks and also intellectual property legal rights involving IntercontinentalExchange Group, Inc. and/or its affiliates can be situated with https://www.theice.com/terms.jhtml along with http://www.nyx.com/terms-use.
ICE Safe Harbour Statement
Safe Harbor Statement beneath the Private Securities Litigation Reform Act involving 1995 – Statements within this press release concerning ICE’s company that will usually are generally not historical facts are usually “forward-looking statements” in which involve risks along with uncertainties. Pertaining To any dialogue involving further risks along with uncertainties, which in turn could cause actual outcomes to vary from these contained inside the forward-looking statements, see ICE’s Securities along with Exchange Commission (SEC) filings, including, however, not restricted to, the danger elements within ICE’s Annual Document on Form 10-K for that 12 months ended December 31, 2013, as filed with the SEC upon February 14, 2014.
Claire Miller, Communications Director
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Kelly Loeffler, SVP, Corp. Comm, marketing and also Investor Relations.
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