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Board of Directors

Agnes Koh

Agnes Koh


Agnes Koh is Chief Risk Officer of Singapore Exchange (SGX).

She is responsible for championing and leading enterprise risk management activities across the organisation, formulating the risk framework and assessments for new products and business strategies, and managing the clearing risk of SGX’s securities and derivatives clearing houses. Agnes also oversees the business continuity management of SGX. She is an Executive Committee member of CCP12, a global association for central counterparties that work together on issues of mutual interest and benefit to minimise global systemic risk and enhance the efficiency and effectiveness of international markets.

Agnes joined SGX on 1 December 2005 as Vice President in Risk Management and has worked through various roles within risk management in SGX.

Prior to joining SGX, she had more than 11 years of experience in managing the foreign reserves of the Monetary Authority of Singapore and was also an auditor with a public accountancy firm.

Agnes is a Member of the Institute of Singapore Chartered Accountants. She was conferred the Distinguished Fellow award by the Institute of Banking and Finance Singapore (IBF) in 2016.  The IBF Distinguished Fellow is a significant role model who serves as a beacon of excellence for the financial industry.

She holds a Bachelor of Accountancy (Hons) from National University of Singapore.

Muthukrishnan Ramaswami

Muthukrishnan Ramaswami


Muthukrishnan Ramaswami (Ramu) is President of Singapore Exchange (SGX). In this role, he is responsible for operational aspects of SGX. He directly oversees SGX’s Membership & International Coverage including all of SGX’s overseas offices, Market Data & Connectivity and Operations & Technology functions. These units support SGX’s Derivatives and Equities & Fixed Income businesses. 

Ramu joined SGX as Senior Executive Vice President and Chief Operations Officer on 1 July 2007, and was appointed Co-President in July 2010 and President in May 2012.

He joined SGX from Citigroup where he held senior positions across Operations, Technology and Transaction Banking in various locations including Mumbai, Singapore, Hong Kong, London and New York.  He was most recently Chief Information Officer with the International Consumer Business of Citigroup’s Global Consumer Bank, based in New York and over the years, held progressively senior executive positions in Citigroup’s international and regional offices.

Ramu serves on the Board of GovTech Singapore and is Chairman of its Audit and Risk Committee.  In April 2016, he was appointed to the Board of the Accounting and Corporate Regulatory Authority (ACRA), the national regulator of business entities and public accountants in Singapore.

He holds a Master’s Degree in Mathematics (Honours) from Birla Institute of Technology and Sciences, and a Post Graduate Diploma in Management Studies (Masters in Business Administration) from the Indian Institute of Management, Ahmedabad.

Michael Syn

Michael Syn


Michael Syn is Executive Vice President at Singapore Exchange (SGX).

He has management responsibility for SGX’s award-winning derivatives trading and clearing business, offering a full suite of derivatives products across Asian equity indices, commodities and foreign exchange. He also oversees EMC which operates Singapore’s wholesale electricity market, and The Baltic Exchange based in London.

Michael joined SGX on 1 March 2011 with a background in investment banking and investment management, having worked in both London and Singapore. Prior to SGX, he was Chief Operating Officer of DBS Asset Management, a subsidiary of DBS Bank.

Michael serves on the boards of The Baltic Exchange, Singapore Commodities Exchange and AG Delta. He also serves on the advisory board of CAMRI (National University of Singapore) and the council of Economic Society of Singapore.

He graduated with MA and PhD degrees from Gonville & Caius College in Cambridge University.