SGX corrects CEO's FY2024 pay in annual report to $7.57m

Singapore Exchange (SGX) reissued its annual report on Sept 17 after amending its chief executive Loh Boon Chye's pay.

- Kang Wan Chern

Mr Loh's total gross remuneration in financial year (FY) 2024 was $7.57 million, almost unchanged from the previous year's but more than 76 per cent higher compared with five years ago.

He received more than double what he was paid in FY2016, his first year in service, when he was awarded $3.2 million.

His FY2024 pay package included $3.15 million in long-term incentives such as performance shares and other incentives aligned with SGX's long-term results, according to its annual report released on Sept 16.

Mr Loh's fixed pay stood at $1.21 million, and he also received a cash bonus of $3.15 million and benefits in kind of $57,256.