Singapore Mercantile Exchange (SMX) today said it is including in its Advisory Board GN Bajpai, former chairman of the Securities and Exchange Board of India (Sebi) and the Life Insurance Corporation of India (LIC).
Milan Meetarbhan, former Chief Executive of the Financial Services Commission (FSC) of Mauritius and presently Mauritius Ambassador to the United Nations in New York is another addition to the advisory board.
"SMX is a prestigious Greenfield project and we are committed to bringing the best domain expertise from around the world to build it as the best mercantile exchange of the East.
We are privileged to have global financial thought leaders like Meetarbhan and Bajpai join our advisory board," said Jignesh Shah, Vice-Chairman of SMX.
The SMX Advisory Board at SMX advises the Board of Directors and helps create a charter as well as roadmap to enable the exchange to become a pan-Asian marketplace for commodity derivatives trading.
On joining the board, Milan Meetarbhan said, "I am pleased and honored to guide the world class professional team at SMX and look forward to contributing towards creating a global financial institution from Singapore in an era during which the centre of economic gravity shifts closer to Asia."
Sebi's former chairman GN Bajpai said, "The Singapore Mercantile Exchange is poised to become a gateway to pan-Asian commodity derivatives trading and I hope to play an active role in this project that will establish the pre-eminence of Asia in the global financial markets in time to come."