Wai Kwong Seck, senior vice-president and chief financial officer, Singapore Exchange’s (SGX), is likely to resign from the BSE board. This has triggered speculation about the status of SGX’s tie-up with India’s number two stock exchange. SGX is one of the two strategic investors — the other one being Deutsche Borse — in BSE, with a 5% stake.Should SGX surrender its board seat, it would send out an unmistakeable signal that the exchange is not interested in continuing its tie-up with BSE for long, say market watchers. BSE officials were not available for comment, while an SGX official declined to comment on the issue. Full Story
