Mark Stephen Makepeace, a former CEO of FTSE Russell, has resigned as an independent director of SGX Group, given his other roles with other entities outside Singapore.
"In addition, SGX, may, from time to time, explore business opportunities with these entities, as SGX does with potential partners," says the exchange in a filing on March 24.
"Mr Makepeace will cease to be a director of the SGX Board to ensure that the highest levels of governance continue to be met," adds SGX.
Makepeace was appointed to SGX's board on Sept 24, 2020.
According to SGX, existing directorships held by Makepeace are M8R, Monica Holdco (UK), Monica Holdco (US), Monica Intermediate Holdings GP, Monica Top GP (Cayman), St Giles Global (SGG) GP, St Giles Global (SGG), St Giles Global, The Stock Exchange of Saudi Arabia (Tawadul), Wilshire Benchmarks TopCo, Wilshire Benchmarks US and Wilshire Opco UK.
In the previous five years, he was a director with entities including FTSE Russell, London Stock Exchange, Suzhou Wilshire Investment Services Co, Westwood Grange (Cobham) Management Company, Wilshire (Singapore), Wilshire Asia Private Markets VIII (Offshore) and Wilshire Australia.
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Wilshire, in partnership with the Financial Times, has launched a family of indexes such as the FT Wilshire 5000 Index, considered a widely-cited broad-based index of the US equities market.
