Koh, who succeeded Kwa Chong Seng as SGX chairman in 2023, writes: “Here’s the hard truth: if our best companies choose to list overseas, the implications go far beyond SGX Group. Over time, the entire value chain — investment bankers, corporate lawyers, accountants — will shift to jurisdictions where the action is.”
Local companies choosing to list in other markets is a warning sign that the entire capital markets value chain may similarly move away from Singapore, says Singapore Exchange (SGX Group) chairman Koh Boon Hwee.
In a letter to shareholders from the bourse operator’s latest annual report, released Sept 15, Koh cautions that “Singapore may remain a booking centre, but the talent, innovation and higher-value margins will find their home elsewhere”.
