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SGX CEO remains upbeat on global partnerships

Singapore Exchange Ltd. CEO Loh Boon Chye remains bullish on global partnerships and plans to increase its international sales team, The Business Times reported March 12.

Loh is still "very excited about partnerships" despite criticism that several of the bourse's memorandums of understanding have yet to present positive results. He pointed out that partnerships need time to work out.

The stock exchange operator has been pursuing partnerships with other stock exchanges. It signed an MOU with the New Zealand exchange to promote derivatives products and struck a partnership with Bursa Malaysia to establish a stock market trading link.

The bourse is also reportedly looking at acquiring a controlling stake in Israel's Tel Aviv stock exchange. Loh has also not ruled out the possibility of working again with the Australian stock exchange, which Loh's predecessor, Magnus Bocker, tried to buy out in 2011.

SGX is also planning to double its international sales team in three years' time, Loh added. It expects to see 40% of its front office to be based overseas.