Sydney Stock Exchange announces new chief

Michael Go is the new CEO of the Sydney Stock Exchange (SSX).

The company made the announcement along with the news that they're accepting their first listings under a new strategy that will see the exchange take a sector focus, specificially on nanocap Australian and APAC companies in tech, resources, real estate, and sustainability.

Go is a capital markets veteran, having been most recently the head of Asia Pacific trading for Thompson Reuters. Before that he was the head of markets for the Australian Financial Markets Association.

SSX chair Peter Rollason said they have been impressed with Go's achievements to date. "AGEO Resources is a local company that has developed technology here in Australia to supply clean energy," he said. "Their geothermal system is clever, clean and forward-thinking - exactly the type of company we want to foster and grow so they don't have to go offshore to find capital."

The new focus for the SSX under Go will support up-and-coming Australian companies while bringing more competition to the Australian markets.

"Our focus is very much on growth companies - businesses that have a track record and are looking to take the next step but may not be big enough to easily list on a main bourse," said Go. "By fostering growth in this sector we think we can add new depth and vibrancy to the Australian listed landscape and bring some fresh, positive options to the market."

The first accepted listing application was AGEO Resources, something Go says is a perfect example of the exchange's new approach. "AGEO Resources is a local company that has developed technology here in Australia to supply clean energy," he said. "Their geothermal system is clever, clean and forward-thinking - exactly the type of company we want to foster and grow so they don't have to go offshore to find capital."

Go says that the new sector-focus for the organisation will help the SSX fulfil its license potential. "We know there is plenty of demand in the market for the type of products and services we can offer," he said. "We are different because we are focused on listing smaller companies; we have a six-week listing process; and we are the only exchange in this country with a dedicated ESG board. We are also well funded for the long game and committed to building a thriving ecosystem for great Australian businesses. Everyone loves a great turnaround story and in 2020 that story will be the SSX."