Former SGX CEO Magnus Bocker dies of cancer at 55

The former chief executive who led the Singapore Exchange (SGX) following the global financial crisis has died from cancer in the United States at the age of 55, reported The Business Times.

Magnus Bocker died in St Louis, Missouri, on Wednesday (July 26), said Jonas Lindstrom, Mr Bocker’s partner at private investment firm Bilbros, which Mr Bocker ran after he left the SGX.

Mr Lindstrom told the Business Times that Mr Bocker’s family had no comment.

Mr Bocker was born in Sweden and made his name on the global stage as dealmaker who helped to create the Nordic exchange group OMX. He later led its merger with Nasdaq.

In 2009, Mr Bocker took over the reins at SGX from outgoing CEO Hsieh Fu Hua.

During his tenure, Mr Bocker was best known for leading an attempt to merge SGX with the Australian stock exchange in 2010. The merger eventually fell to political opposition in Australia.

In 2015, Mr Bocker chose not to seek renewal of his contact at a time when SGX was under fire for a number of serious trading outages.

Mr Bocker continued to live in Singapore following his tenure where we ran his family’s investment office.