Date: June 8, 2015
SIAS welcomes the appointment of Mr Loh Boon Chye as CEO of SGX. SIAS is particularly pleased to see the SGX board appointing a Singaporean to succeed Mr Bocker. His past experience in the capital markets of Singapore will enable him to steer SGX to new heights and appreciate the issues concerning retail investors. He will no doubt accept that the retail investor community is an important stakeholder and we look forward to his support and interaction with the retail community through SIAS. We are confident that Mr Loh will continue, like Mr Magnus Bocker and Mr Hsieh Fu Hua, to pay close attention to the issues affecting and the serious concerns of the retail investors.
Retail investors are still unhappy with the lack of protection for their investments in S-Chips, like the unresolved China Sky saga, their serious concerns relating to large share consolidation by penny stock companies leading to erosion of shareholder value, bunching of AGMs, particularly in the last week of April, and the overall low trading volumes. No doubt it will be work in progress for Mr Loh and his team during his tenure of office. SIAS will give Mr Loh the support he needs in addressing these and other issues that may arise during his tenure.
David Gerald
Founder, President & CEO
Securities Investors Association (Singapore)
