Baltic Exchange Names Deputy Chief Executive In Planned Leadership Transition
The Baltic Exchange has appointed Sigrid Teig as deputy chief executive, filling a role created as part of a leadership transition announced in October 2025. She will join later this year following a recruitment process that ran for the best part of a year, and will work alongside chief executive Mark Jackson, who remains in post with a broader remit focused on strategic initiatives and product development.
Teig arrives from the maritime technology and services group Marcura, where she was managing director for Singapore and executive vice-president for customer success covering the DA-Desk and PortLog businesses, supporting more than 300 clients in the dry bulk and tanker markets. Before that she held senior positions at Western Bulk, including chief process officer and general manager of its Singapore office, working in freight risk and credit risk management. She holds a degree in economics and business administration from the Norwegian School of Economics.
The appointment is weighted towards Asia and towards data. Both emphases are deliberate. The Baltic's indices are compiled from assessments submitted by panellists, and the centre of gravity of dry bulk and tanker chartering has continued to shift eastward, making relationships in Singapore and the wider Asia-Pacific market central to the quality and credibility of the benchmarks themselves.
Those benchmarks matter well beyond the chartering desks that generate them. Baltic indices underpin freight derivatives, feed into contract escalation clauses and index-linked charters, and are used by lenders and auditors to value ships and assess exposure. That places the exchange in the position of a benchmark administrator, a role that carries regulatory expectations about governance, transparency and the integrity of submitted data which did not exist when the institution was founded more than 280 years ago.
Teig framed the task in those terms, arguing that a volatile market increases rather than reduces the need for reliable benchmarking data. The exchange has spoken of expanding its product range and strengthening member services, and the president of its parent exchange group described its data expertise as central to longer-term ambitions. The practical question for members is whether a broader product set can be built without diluting the thing that gives the indices their authority, which is the willingness of commercial operators to report their fixtures honestly and consistently.
