SMX CEO Thomas McMahon resigns

Thomas McMahon has decided to move on to pursue his personal interests within the industry.

According to Singapore Mercantile Exchange, he will continue to serve SMX until end of June, 2011 and will thereafter continue his association with SMX as a member of the Advisory Board of SMX.

On Mr McMahon's departure, Mr Ang Swee Tian, Chairman, SMX, said, "Mr McMahon played a crucial role to launch the first pan-Asian commodity derivatives exchange from Singapore. We wish him good luck in his future pursuits and look forward to a continuing relationship in future."

The Board of SMX is in the process of identifying the next CEO. The parent company of SMX, the Financial Technologies Group, is committed to put the best talent, technology and resources to ensure the success of SMX from this region.