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 s