By John Cheng and Joyce Koh

(Bloomberg) — Several veteran staffers of Singapore Exchange Ltd. are leaving as the bourse tries to revive its flagging equities business, according to people familiar with the matter.

Frieda Choong, who runs the team in charge of IPO approvals, and June Sim, who heads listing compliance at the exchange’s regulatory arm, are leaving, according to the people, who asked not to be identified as the information is not public. Nico Torchetti, a former HSBC Holdings Plc banker who heads SGX’s operations and market services, is also departing, the people said. All have worked at SGX for at least a decade.