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SGX incoming CEO gets perks

Singapore Exchange, Asia's second largest listed bourse, will pay incoming CEO Magnus Bocker a guaranteed base salary of S$750,000 ($520,800) a year and a minimum variable bonus of S$933,000 for his first seven months… Bocker… will also get S$4.77 million over three years as compensation for loss of long-term incentives and bonuses at his present job. His other perks include a housing allowance of S$300,000 per annum for the first two years, a club membership, and a car and driver.

Reuters