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CGS-CIMB CEO wants to revive S-chips, strengthen research amid quiet year for SGX

Jovi Ho
Jovi Ho12/15/2021 6:43 PM GMT+08  • 8 min read
CGS-CIMB CEO wants to revive S-chips, strengthen research amid quiet year for SGX
S-chips, Hyflux and the Lehman Brothers crisis — CGS-CIMB CEO Carol Fong has seen them all. What's next for the brokerage?
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Some time ago, Singaporean investors were perceived to have quite an international outlook. The experienced investors, in particular, knew what they were getting themselves into when dabbling in the foreign markets.

But a few notable events coloured this perception of the savvy Singaporean, says Carol Fong, group CEO of CGS-CIMB Securities, especially the Lehman Brothers minibond saga.

Over a decade ago, some 10,000 retail investors in Singapore lost over $500 million after the American investment company filed for bankruptcy in September 2008.

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