sgx.com – Singapore Exchange Limited (“SGX”) and The Baltic Exchange Limited (“Baltic Exchange”) are pleased to announce that the acquisition of the Baltic Exchange by SGX has been completed today as planned, bringing together complementary strengths of Singapore and London, two of the world’s most important maritime centres.
The despatch of consideration and payment of the Special Dividend to Baltic Exchange shareholders is expected to take place on 18 November 2016.
Further to the announcement on 26 September 2016 that Mark Jackson has been appointed to the role of Chief Executive Officer of the Baltic Exchange, it is confirmed today that he will begin his role on 31 January 2017. Alex Lenhart, currently UK Country Manager for SGX, will serve as interim CEO.
NEWSLETTER SIGN UP
And receive exclusive articles on securities markets
As Technology Evolves, Asset Managers Adapt and Innovate
Citi Changes Organizational Structure
SEC Charges Virtu for Disclosures Relating to Information Barriers
ICE Futures Singapore Partners with CoinDesk Indices
Related articles
-
Larry Fink said the GIP acquisition is the largest transformation since BlackRock bought BGI.
-
Firm can now offer advanced fintech solutions to clients.
-
The weekly recap of hires, job moves and promotions around Wall Street.
-
OP5 will remain and operate as a separate brand and entity.
-
Ipreo expands IHS Markit business and customer base.