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July 30, 2009
Bonker: I don't have strategic differences issues
By Goh Eng Yeow
Mr Magnus Bonker (left) he saw his role as more of a "team head" managing a pool of talents. --ST PHOTO: CAROLINE CHIA
The Singapore Exchange's incoming chief executive, Mr Magnus Bonker, is keeping an open mind on future strategies for the only listed bourse operator here.
Noting that SGX already has a well-oiled machine in place, he saw his role as more of a "team head" managing a pool of talents.
When he was first approached for the job, it was not love at first sight, he acknowledged.
But he was gradually drawn by the challenges and opportunities in Asia that come with the job, said Mr Bonker, who has spent the past two decades with stock exchanges in Europe and then Nasdaq in New York.
He acknowledged that competition will get stiffer for the SGX over the next five years, but he was convinced that with SGX's head-start in developing a strong regulatory framework, companies and investors will continue to find the local bourse an attractive venue.
Mr J Y Pillay, SGX's chairman, disclosed that the exchange had looked internally for a candidate to succeed incumbent CEO Hsieh Fu Hua, and found several excellent candidates.
But a decision was made to cast the net around the world, resulting in the appointment of Mr Bonker.
July 30, 2009
Bonker: I don't have strategic differences issues
By Goh Eng Yeow
Mr Magnus Bonker (left) he saw his role as more of a "team head" managing a pool of talents. --ST PHOTO: CAROLINE CHIA
The Singapore Exchange's incoming chief executive, Mr Magnus Bonker, is keeping an open mind on future strategies for the only listed bourse operator here.
Noting that SGX already has a well-oiled machine in place, he saw his role as more of a "team head" managing a pool of talents.
When he was first approached for the job, it was not love at first sight, he acknowledged.
But he was gradually drawn by the challenges and opportunities in Asia that come with the job, said Mr Bonker, who has spent the past two decades with stock exchanges in Europe and then Nasdaq in New York.
He acknowledged that competition will get stiffer for the SGX over the next five years, but he was convinced that with SGX's head-start in developing a strong regulatory framework, companies and investors will continue to find the local bourse an attractive venue.
Mr J Y Pillay, SGX's chairman, disclosed that the exchange had looked internally for a candidate to succeed incumbent CEO Hsieh Fu Hua, and found several excellent candidates.
But a decision was made to cast the net around the world, resulting in the appointment of Mr Bonker.
