The Singapore Exchange's €186m acquisition of smart beta index firm Scientific Beta aims to strengthen the exchange’s research-based index design capabilities as well as broadening the range of index products and client base.
Following the acquisition of a 93% stake in Scientific Beta for €186m in cash (S$280m) to expand and accelerate the growth of the exchange’s data, connectivity and indices (DCI) business, SRP spoke to Simon Karaban ( pictured ), head of index services at the Singapore Exchange, about SGX’s plans and challenges ahead. “We had a very busy start in 2020 beyond the acquisition of the Scientific Beta business on the back of a positive 2019,” says Karaban, adding that the
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