Singapore Exchange (SGX) has hired Herry Cho to a newly created position of managing director, head of sustainability and sustainable finance.
Cho will report to SGX CEO Loh Boon Chye, and joins 8 February. Her appointment is the latest stage in SGXs "multi-pronged expansion of its sustainability efforts, which are housed under the recently launched SGX FIRST (Future in Reshaping Sustainability Together) platform," according to the SGX.
Cho will drive the strategic direction of the exchange's ESG ambitions, building on SGX's ESG environmental, social and governance (ESG) capabilities, expertise and assets.
This includes delivering on SGX's commitment to improve the ecosystem "through collaboration by actively building partnerships and networks to enhance industry cooperation and knowledge in sustainable development, as well as advancing the development of SGX's ESG solutions and regulatory support for its stakeholders," SGX said.
She will also champion sustainability practices within SGX.
Cho comes to SGX after more than 13 years at ING. As director, head of sustainable finance Asia-Pacific at ING since 2017, she founded the Sustainable Finance Asia Pacific team, and spearheaded the firm's sustainability strategy and direction for the region. In three years, she established ING as a thought and action leader in the region, and facilitated more than 30 sustainable transactions including green, social and sustainable bonds/loans and sustainability-linked loans.
"I am humbled to spearhead a crucial role that SGX must play as Asia's most international, multi-asset exchange: to ambitiously co-create and steer the local, regional and global financial system to support sustainable development," Cho said. "We don't have any time to waste to ensure our planet is liveable and our communities thrive, and I look forward to working with all stakeholders to make SGX and in turn Asia's financial ecosystem a thought and action leader in sustainability and sustainable finance."