Trading places

Despite defence from Singapore Exchange (SGX), CEO Hsieh Fu Hua has resigned from his position as non-executive officer at Prime Founders, over claims of a conflict of interest. Allegations of conflict of interest arose from his investment in Prime Founders, who in turn control Prime Partners. Criticism of Hsieh escalated after the recent announcement by Prime Partners that it has linked with the British broker Seymour Pierce to assist Asian firms in listing on London Stock Exchange's Alternative Investment Market. This would directly compete with SGX, where over 100 Chinese companies already have listed, and SGX...