Fiji plays hosts

South Pacific Stock Exchange board chairperson Dr Nur Bano Ali with Terrappin managing director Sean Willis during the World Exchange Congress signing at the Grand Pacific Hotel in Suva yesterday. Picture: JONACANI LALAKOBAU

A LOT of capital market development stories are being overlooked and Fiji being hosts of the in May 2020 will eventually shine the spotlight on the developing capital markets here in Fiji.

These were the sentiments echoed by the managing director for Terrapinn Holdings Ltd Sean Willis during the official announcement of South Pacific Stock Exchange (SPSE) being the host sponsor for the 15th Annual World Exchange Congress held at the Grand Pacific Hotel in Suva yesterday.

Mr Willis said Fiji was not the first destination country to be considered for the event which would see about 450 chief executive officers from around the globe and about 100 speakers during the two-day event.

“There needs to be three things for the host country to show, the first is that it needs to be a genuinely interesting place to go to, and the second thing is that there needs to be a positive and very interesting capital market development which is already going on here,” Mr Willis said.

“The third thing is we want to be wanted — we really need the host destination to really be excited and the entire capital markets committee have been struck with the tremendous enthusiasm to bring this event here.

“The first congress was held in Dubai in 2005. We recognise that not every exchange is the same and not every territory is the same,” he said.

“The core of the event is CEO to CEO interaction but we are also going to be looking at other things like new technologies which is changing how trading works,” Mr Willis said.

SPSE chief executive officer Krishika Narayan said that “we are extremely delighted to be part of this historic event by being the host for the 15th Annual World Exchange Congress in Fiji.

“This is a unique development opportunity for SPSE and the capital market in Fiji as a whole to open up and be recognised among other stock exchanges around the World and in particular to foster the recognition of SPSE as the stock exchange for the South Pacific region.

“This is directly in line with our vision of gaining international reputation as the preferred securities exchange in the South Pacific.”

Ms Narayan said the event would also provide a platform for good networking opportunity with other stock exchange representatives especially in terms of various collaboration areas and learning from their own experiences.

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