The two parties will work together to meet growing market needs for improved capital market access and connectivity to Singapore and beyond.
Singapore Exchange (SGX) and AMTD International, a subsidiary of Hong Kong-headquartered financial services group AMTD, have agreed to collaborate to promote the development of Singapore’s capital markets and strengthen market connectivity between Singapore, ASEAN, the Greater Bay Area, the rest of China and the Middle East.
The partnership will «further empower and enable both organizations’ corporate clients and partners in their capital raising activities, from private financing stages to connecting with public markets and expanding internationally,» SGX said in an announcement on Tuesday.
The two partners will also collaborate on the Abu Dhabi AMTD Investment Bank Academy to support the next generation of investment bankers and connect Abu Dhabi with Singapore and other global capital markets; and the use of distributed ledger technology for the issuance and servicing of fixed income securities in Singapore, as well as the wider adoption of blockchain in capital markets, international payments and settlements and trade finance.
Fintech Fellowship
The firm also announced the launch of the AMTD Global FinTech Fellowship Programme, launched with the Singapore FinTech Association, to provide global connectivity for local fintech talents and enhance their career development.
MAS chief fintech officer Sopnendu Mohanty called the program «a crucial survival kit in today’s environment.»
Digital Listing
In April, AMTD listed on SGX, becoming the first firm to hold a digital listing ceremony, and first with a dual-class share structure to list on the Mainboard.
«AMTD is committed to embracing Southeast Asian capital markets in particular by listing on the SGX to connect more capable companies with global investors through Singapore and other Southeast Asian markets,» Calvin Choi, chairman and CEO of AMTD International, said back then about the firm's regional ambitions.
