The Singapore Exchange nabs a former ING banker to spearhead its sustainability efforts in the city-state.
Herry Cho was named managing director, head of sustainability and finance for the Singapore Exchange (SGX), according to a statement, effective February 8.
Cho will report to SGX CEO Loh Boon Chye and oversee the bourse’s strategic direction for environmental, social and governance-related matters while expanding sustainable finance.
The hire is part of SGX’s broader efforts to expand develop the newly launched «SGX First» – a multi-asset exchange-led sustainability platform.
ING: Asia Pioneer
Prior to her latest role, Cho was with ING for over 13 years where she was a pioneer of sorts for the Dutch lender, establishing its first sustainable finance team outside of the bank’s home city of Amsterdam in 2017.
And in the three years that followed, the team has closed several deals including a $65 million revolving facility for Singapore-based private equity fund Quadric Capital; and a S$1.2 billion ($910 million) refinancing term loan for Frasers Tower where the bank acted as a mandated lead arranger and joint green loan coordinator.
«[Cho] was instrumental in establishing ING’s sustainable finance franchise in Asia, which at the time was the first sustainable finance team outside of Amsterdam,» reiterated ING’s global head of sustainable finance Leonie Schreve. «Today ING is regarded as a demonstrated thought and action leader by our peers and clients.»
