SMX chief resigns, will stay on advisory board

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The Singapore Mercantile Exchange announced on May 1 that chief executive officer Thomas McMahon has resigned. He has decided to "move on to pursue his personal interests within the industry", according to a company statement, and will continue to work in Singapore. McMahon was instrumental in the development of SMX, the first trans-Asian commodity and currency derivatives exchange, which launched on August 31 last year. "SMX is pretty much his baby, so he will not cut all ties. He is going t