Expectations of incoming SGX CEO should be toned down

WITH the announcement of the new chief executive officer (CEO) of Singapore Exchange (SGX), everyone is looking to him as the Messiah, who has come to save the Singapore stock market. Before he even assumes his stewardship, he has already a long wish-list from many stakeholders. While he may provide the new leadership, many things cannot be done by him alone.

It is very unlikely that he will do a U turn and reverse the policies put in place by the current CEO. Therefore, those who have a long wish-list should tone down their expectations or else they will be sorely disappointed.

Those who wish for the lunch break to be back, or for uncollaterised trading to remain are being unrealistic and living in the past. It is hoped that they will accept the decisions and move on; else our market will never progress.