The Singapore Stock Exchange, Southeast Asia’s biggest, is entering a new and uncertain chapter as it welcomes Loh Boon Chye as its new chief executive.
For Loh, a veteran with more than two decades of experience in the financial industry, the chapter’s synopsis is very clear winning back business.
According to a consultancy PwC, the Hong Kong Stock Exchange processed 122 IPOs in 2014 compared to Singapore’s 27. Thailand even surpassed Singapore with 41 IPOs last year, while Indonesia and Malaysia were not far behind the Lion City.
Meanwhile, about S$266 billion worth of shares changed hands on SGX last year,...