SIAS appoints Mr Magnus B�cker as Honorary Chairman

Date: January 24, 2017

モI am thankful for the opportunity to help further SIASメ mission in representing shareholdersメ interests, especially those of the minority. Much work remains to be done and I would like to wish the Management Committee all the very best as they continue to build on their good work thus far and enhance membersメ appreciation of markets and their rights.” – Lim Hwee Hua, outgoing Honorary Chairman

The appointment of the Honorary Chairman, who will be independent and non-executive, is to provide the check and balance within the Association, as provided for by our Constitution. The Chairman can intervene in the event he is of the view that the President and or the Committee has acted in breach of the Associationメs Constitution or not acting in the interest of the Association. In that case, he can direct the President or the Committee, as the case may be, to comply with the Constitution forthwith and to act in the interest of the Association.

Mr B�cker holds over three decades of experience in the financial industry. He was the CEO of the Singapore Exchange from 2009 � 2015, and previously the President of Nasdaq. Prior to that, he played an instrumental role in the creation of OMX, the Nordic exchange and technology group, and the eventual merger of OMX and Nasdaq in 2008. During his tenure with OMX, Mr B�cker served in various capacities, including being CFO, COO and president of the OMX Technology division, before he became CEO of OMX in 2003. Under his leadership, OMX became the world�s largest provider of technology solutions for exchanges and clearing organisations.

�The choice of Mr B�cker as Chairman was largely due to the strong interest in SIAS he displayed during his tenure as Chief Executive of the Singapore Exchange and his willingness to work with SIAS. His vast experience in developing capital markets both in and out of Singapore will be an advantage to SIAS and its members. We look forward to Mr B�cker�s valuable contributions in furthering our objectives to benefit the retail constituency.� – David Gerald, Founder, President & CEO, SIAS

“I am honoured to be appointed as SIAS’ 4th Honorary Chairman. SIAS has been successful in educating Singapore retail investors, promoting good corporate governance and protecting the rights for minority shareholders for the last 19 years. I will now continue to support the Management Committee in their mission to educate and protect, but also to develop SIAS to be a stronger organisation for a challenging future. I started to invest in the stock market in my early teens and most of my education at the time came from Aktiespararna, the Swedish equivalent of SIAS. For that, I am very grateful and is also a reason why I now look forward to assisting SIAS.�
– Magnus B�cker, Hon. Chairman, SIAS

SIAS looks forward to Mr B�cker�s guidance and support for the next 3 years. Please see attached Mr B�cker�s brief bio and photo.

David Gerald
For Management Committee
Securities Investors Association (Singapore)