Singapore Exchange (SGX) has appointed its first head of sustainability.
Taking on the role of managing director, head of sustainability and sustainable finance is Herry Cho, the long-time head of green finance at Dutch multinational bank ING.
She will report to SGX chief executive Loh Boon Chye, and begin in her new job on 8 February.
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The role will involve leading strategy for SGX’s environmental, social and governance (ESG) plans, and strengthening the exchange’s sustainable finance capabilities.
SGX said in a statement that the appointment is the latest milestone in the expansion of its sustainability efforts, which are housed under the recently launched platform SGX FIRST.
Cho said she was “humbled” to lead such an important role at SGX, which she described as “Asia’s most international, multi-asset exchange.”
“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,” she said.
The announcement comes a month after SGX launched a S$20 million sustainability plan to strengthen market access to ESG information and solutions for investment decisions.
Cho joins SGX after 13 years at ING, where latterly she was director, head of sustainable finance, Asia Pacific. During her time in the sustainability role, she was involved in 30 green, social and sustainable bonds/loans and sustainability-linked loans.
She leaves ING as former Aviva Investors and Corporate Citizenship executive Natalia Rajewska joins the bank as vice president for sustainable finance, based in Singapore.
Over her career, Cho, who holds a master’s degree in molecular and cellular biochemistry from the University of Oxford, worked as an analyst and in mergers and acquisitions with ING, and as financial controller for British marketing platform miBuy.