SMX chief resigns, will stay on advisory board
Thomas McMahon, chief executive of the Singapore Mercantile Exchange (SMX) resigned over the weekend
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 to
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