The Singapore Exchange, which advertises itself as “Asia's Gateway”, might have broader international ambitions, judging from its appointment of Marcus Böcker, Nasdaq president, as its new chief executive.
Mr Böcker was selected to replace Hsieh Fu Hua, who announced late last year he was stepping down as head of south-east Asia's biggest bourse.
But it is Mr Böcker's background in technology and international market expansion that is drawing the most attention as a clue to the SGX's future strategy as it competes against such regional rivals as the Hong Kong and Shanghai exchanges for new listings.
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