THE Securities Investors Association (Singapore) or SIAS has appointed Hsieh Fu Hua - former chief executive officer (CEO) of Singapore Exchange Ltd (SGX) - as its new honorary chairman, with effect from Jan 2, 2012.
The appointment ends the investor lobby group's year-long search for a new chairman, since Tan Chok Kian stepped down in September 2010 after serving for three years.
Said David Gerald, SIAS's president and chief executive officer: 'SIAS has been looking out for a candidate who has the passion for the retail investors' cause and believes strongly in what SIAS stands for.
'Mr Hsieh brings with him the necessary industry knowledge and experience to help SIAS move to the next level of growth.'
Last year, Mr Hsieh was presented the Special Recognition Award by SIAS at its 2011 Investors' Choice Awards ceremony, for his significant contribution to the organisation and the retail community.
Mr Hsieh's first term as SIAS's chairman will be for three years.
Just two days ago, United Overseas Bank Ltd announced Mr Hsieh's appointment as a non-executive independent director.
The 61-year-old is also a director of 14 other organisations, including Temasek Holdings (Private) Ltd, where he served as executive director and president from August 2010 to September 2011, ICAP plc, Fullerton Fund Management Company Ltd, and Tiger Airways Holdings Ltd.
Included in the 14 organisations in which he serves are a number of non-profit organisations including the National University of Singapore, the National Arts Council, and Singapore Indian Development Association.