SMX Promotes Interim CEO
The Singapore Mercantile Exchange (SMX) has announced the promotion of Vaidyalingam Hariharan from interim CEO to CEO.
Hariharan stabilized the operations of SMX during his six months as interim CEO and demonstrated tangible results on the business and strategic fronts, according to SMX officials.
"I am happy that the board has expressed confidence in my leadership and given me a mandate to lead this unique pan-Asian commodity derivatives and currencies exchange," Hariharan says. "In the short term, we aim to further consolidate our position and also introduce some Asia specific agri contracts, which will enable us to broaden market participation on SMX."
Hariharan had previous stints at the Bombay Stock Exchange (BSE), National Stock Exchange of India (NSE) and Multi Commodity Exchange of India (MCX). He also held key roles within the Financial Technologies Group, a provider of trading technology solutions and the creator of several exchange and support ecosystem ventures across India, the Middle East, Asia and Africa. He has been director on the board of various exchanges and support companies, including the boards of SMX and its wholly owned subsidiary, SMX Clearing Corp.
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