SGX appoints Nels Friets as new Securities Head and SVP

The former chair of the SGX Securities Committee was also a founding member of the Securities Association of Singapore.

Friets will join SGX before the end of June 2011. He will be reporting to Gan Seow Ann, Co-President of SGX.

In a statement, SGX said Friets possesses “a deep knowledge of alternative trading platforms and the equities capital markets in Singapore and the region” he will be able to lead SGX in the Securities market, having been formally to the Strategic Advisor to Chi-X.

Prior to SGX, Friets was formerly the Managing Director and Head of Equities (ASEAN) for Citigroup Global Markets and the Managing Director of CLSA Emerging Markets for Singapore and Malaysia.

Friets holds a Bachelor of Science in Applied Mathematics and graduated cum laude with distinction from Yale University. He has lived and worked in Singapore for more than 25 years.

Friets takes over the role from Chew Sutat, Executive Vice President, who will assume a new responsibility as the Head of an expanded Sales unit overseeing and integrating all sales functions across SGX.