The Singapore Stock Exchange has appointed Richard Teng as head of issuer regulation, responsible for overseeing the development of listing policies and the admission of listing applicatio
The Singapore Stock Exchange has appointed Richard Teng as head of issuer regulation, responsible for overseeing the development of listing policies and the admission of listing applications.
Teng is also responsible for the ongoing compliance of listed companies and corporate finance intermediaries with Singapore Exchange listing rules, to maintain the corporate governance standards and integrity of the marketplace. He is also a senior vice-president and head of issuer regulation as well as chief of staff for risk management and regulation.
In the chief of staff role, Teng supports Yeo Lian Sim, senior executive vice-president and head of risk management and regulation, in efforts to enhance the exchange’s regulatory resources and processes.
‘We are always looking to strengthen the risk management and regulation team, and I am glad to have Richard on board,’ says Yeo. ‘His depth of experience in the capital market and expertise in developing a robust regulatory framework will help the exchange enhance the quality of our marketplace.’
Teng joins the exchange from the Monetary Authority of Singapore where he was director of the corporate finance division, responsible for the formulation and administration of the Securities and Futures Act in relation to the offering of securities, business trusts, real estate investment trusts and collective investment schemes. He concurrently held the position of secretary to the securities industry council, the body responsible for overseeing takeover and merger transactions in Singapore.
The Singapore exchange has also appointed Andrew Ler as senior vice-president for development. ‘We are delighted to have Andrew join the team,’ says Chew Sutat, executive vice-president and head of development at the exchange.
‘He is recognised in the market as a pioneer and an innovator. We are confident that his vast experience in institutional and retail broking, especially in e-commerce businesses, will be an asset to the exchange’s new initiatives.’
Ler was until recently an executive director at DBS Vickers Securities Online Group, where he managed the DBS group’s online trading business in global markets. He was previously with OCBC Securities, where he oversaw one of the top three internet trading portals in Singapore.