Singapore Exchange (SGX) announced the appointment of Mr. Ng Yao Loong as Deputy Chief Financial Officer (CFO) with effect from 1 April 2020. Mr. Ng will succeed Mr. Chng Lay Chew as CFO from 1 October 2020 onwards, upon Mr. Chng's retirement. Mr. Ng has extensive experience in financial markets and infrastructures.

He was previously with the Monetary Authority of Singapore (MAS) where he spent more than seven years in senior positions including Assistant Managing Director of the Development and International Group as well as Executive Director of the Markets Policy and Infrastructure Department and Financial Markets Strategy Department. Mr. Chng will retire from SGX on 30 September 2020 after serving the company for close to nine years. He joined SGX in December 2011, bringing with him more than 30 years of experience in accounting and financial management, including leadership positions in leading local and international banks.