Nymex moves into Singapore

The New York Mercantile Exchange (Nymex) will open an office in Singapore on May 17 in response to demand for its products from investors in the region.

Jennifer Ilkiw will head Nymex’s Singapore bureau as director. Prior to joining the US exchange, Ilkiw was at the Monetary Authority of Singapore, where she helped develop Singapore as a commodity derivatives trading centre. Her role at Nymex will be to develop the Asian market for the exchange and work with clients in the region.

“There has been great interest in our risk management products and services from the Asia-Pacific region," said James Newsome, president and chief executive of Nymex. "We are pleased to provide additional support to our customers in Singapore and recognise the growth potential of financial services in the Asian market-place.”