Singapore Exchange (SGXL.SI), Asia’s second largest bourse operator by market cap, must put in more effort to boost trading volumes as rivals are catching up, CEO Magnus Bocker said in the firm’s annual report.
“SGX is perhaps no longer as prominent as it used to be. In terms of rankings, for example, exchanges in the region as well as alternative trading platforms are rapidly catching up with us,” he said in the firm’s report for the financial year ended June 2010.
Dr. Khor Chin Kee has been appointed non-ED wef Sep 21
Work experience: CEO/ED, AsiaMedic Ltd; medical director, Northern Hope Medical Specialists’ Centre; CEO, United Vision Holdings Pte Ltd
Company CEO Brian Dunn says his comments on Apple iPad sales affecting notebook sales were inaccurately depicted. – After a report published in The Wall
Street Journal last week quoting Best Buy boss Brian Dunn as saying Apple’s
iPad tablet was quot;cannibalizing quot; sales of notebooks and netbooks, Dunn
issued a statement claiming his comments were inaccurately depicted.
In the original article, the WSJ …
Best Buy’s CEO says Apple’s iPad sales are eating into notebook and netbook sales; more tablets are on the way. – In a report that suggests fears of tablet computers biting into the notebook and netbook markets is justified, Best Buy CEO Brian Dunn told The Wall Street Journal that Apples iPad has “cannibalized” sales of notebooks by as much as 50 percent. Dunn told the paper that sales of smartphones and porta…
Swiber Holdings, the integrated construction and support services provider to the offshore oil and gas industry, today announced the appointment of Francis Wong as Group Chief Executive Officer and President with immediate effect.
With the company’s rapid expansion on the corporate and operations level, Swiber says the new appointment is part of its growth strategy to strengthen its management team to meet new business opportunities and future challenges. The new appointment is also in line with the group’s strategy to maintain an efficient corporate structure and for fast, effective decision-making.
Google CEO Eric Schmidt said that while there won’t be a big Google Me social network, the search engine sure would like to get its hands on Facebook data. Analysts mull this approach. – Google CEO Eric Schmidt raised eyebrows by saying Google is
adding social Web services in layers as opposed to a singular social network to
challenge Facebook’s fortress.
Several signs earlier this spring pointed to a major
assault on Facebook. Rumors of a social network effort, called Google Me…
IBM CEO Sam Palmisano tells the WSJ that Hurd hurt HP by cutting its R&D budget, and that its Hurds new employer, Oracle, that will be IBMs biggest challenge. – IBM CEO Sam Palmisano is keeping his eye more on Oracle now than Hewlett-Packard.
In an interview with the Wall Street Journal, Palmisano said that during former CEO Mark Hurds five-year tenure, HP was hurt by sharp cuts in its R amp;D budget, and that the company was declining in relevance.
He sa…
Former Sun CEO Jonathan Schwartz will attempt to steer his career into a successful new phase with a startup health care IT Website named "Picture of Health." – Jonathan
Schwartz, the former CEO of Sun
Microsystems, has formed a health care IT firm with the corporate name of
Informed Biometry and the Website name Picture of Health. Schwartz, who is also CEO
of the new company, told eWEEK in a Sept. 13 e-mail that the corporate name
will quot;fade into…
Intel CEO Paul Otellini said the upcoming “Sandy Bridge” Core architecture will begin shipping in products in early 2011. – SAN FRANCISCO Intel
CEO Paul Otellini is continuing his push to
create a continuum of computing based on Intel Architecture, and said the
company’s upcoming quot;Sandy Chip quot; processor is another step in that
direction.
In his opening keynote here at the Intel Developer Forum Sept.
13, Ot…
Anssi Vanjoki, head of Nokia’s smartphone division, steps down ahead of the Nokia World 2010 conference. – LONDON Anssi
Vanjoki, the head of Nokia’s smartphone division, has become the first
casualty of the Stephen
Elop era at the cell phone giant.
Nokia
executives here in London for the Nokia World 2010 conference, which starts
Sept. 14, confirmed that Vanjoki had stepped down, just days before …
Microsoft Business Division President Stephen Elop is stepping into a new role as CEO of Nokia, which seeks to compete more aggressively in the U.S. market against the likes of Apple iPhone and Android. – Stephen Elop, Microsoft Business
Division president, is stepping down to take the CEO
reins at Nokia. According to a note on the phone makers Website, Elop will
assume his new position Sept. 21. His resignation from Microsoft, where he
spearheaded the release of Office 2010, is effective
imm…
Olivier Gougeon has been appointed CEO, South Asia wef Sep 1
Work experience: Deputy MD, SGPB Hambros Bank and Trust, Bahamas; global head, wealth planning and fiduciary services, Societe Generale Private Banking
Ex-Hewlett-Packard CEO Mark Hurd brings his experience running a large IT company and working with hardware, software and services to Oracle, which is looking to take on IBM and HP. – Oracle CEO Larry Ellison has been talking
about challenging IBM as a full-service IT
supplier since first broaching the idea of buying Sun Microsystems. Ellison has
taken another step in that direction with the hiring
of ex-HP President and CEO Mark Hurd,
according to industry analysts.
Hurd…
Oracle hires Mark Hurd, former CEO of HP, as co-president just as former Oracle President Charles Phillips resigns. – Oracle
announced Sept. 6 that the database giant has hired
former Hewlett-Packard CEO Mark Hurd as co-president reporting to Oracle Chairman
and CEO Larry Ellison.
Oracle
announced that Hurd
has joined Oracle as president and has been named to Oracle’s board of directors.
In his new role, H…
The Wall Street Journal reports former HP CEO Mark Hurd is in negotiations with enterprise software specialist Oracle to join the company as a high-ranking executive. – Former Hewlett-Packard CEO Mark Hurd, who
resigned from his post with the
technology giant in the face of sexual harassment issues, is in current
negotiations with enterprise software specialist Oracle to join the company as
a top-ranking executive, according to a Wall Street Journal report. The…
SIA, Singapore’s flag carrier, said last week that Chew will retire at the end of this year. Chew, 63, has been on SGX’s board since December 2004.
Singapore Airlines (C6L.SG) unlikely to get substantial boost after naming new CEO, although stock still expected to rise as broad market on track to gain after Wall Street’s advance Friday, says Dow Jones.
Goh Choon Phong, currently executive VP for marketing and the regions, will replace Chew Choon Seng from January 1. With 4 more months to go before Goh takes over, investors not likely to get clear picture of any new growth strategy or direction in near term.
Singapore Airlines (C6L.SG) last +1.8% at $15.88 in light trade, mirroring broad market gains, with new CEO appointment tad supportive, according to Dow Jones.
Goh Choon Phong, currently SIA’s executive VP for marketing and the regions, will replace Chew Choon Seng from January 1.
“We deem the appointment a worthy transition given his versatile experience throughout his 20-year career in SIA. As Mr Goh has been a long-serving employee with SIA, we do not expect any major realignment in management,” says OSK, which has Buy call with $17.90 target. UOB KayHian, which has Buy call with $18.20 target, doesn’t expect Goh to pursue new growth strategy, “SIA will still be a premium carrier and continue to focus on branding in an environment where low-cost carriers are tying up with full-service carriers and offering long-haul services.”
Stock not expected to clear $16.00, last breached August 11.
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Goh, 47, will take charge on Jan. 1, according to a statement the airline sent to the Singapore stock exchange today. Chew Choon Seng, the current CEO, will retire, it said.
Societe Generale named Olivier Gougeon as chief executive officer of private banking for South Asia, succeeding Pierre-F. Baer, the Paris-based bank said today. Gougeon, 44, moves from London to Singapore while Baer “will be taking up a new role” within the company, the company said.
