* One year after the departure from the BSE, Valentin Ionescu would like Sibex to be a derivatives, commodities and energy exchange
* Ionescu: "We neead to develop the market, without thinking about the offers of the state"
Sibex could become a derivatives, commodities and energy exchange, according to Valentin Ionescu, currently a member of the Board of Directors of SIF Moldova. He is running for a new seat on the new Board of Directors of the Sibiu exchange, which will be elected in the General Shareholder Meeting of November 19th/20th.
One year after he left the position of CEO of the Bucharest Stock Exchange, dismissed by a Board of Directors which would later be replaced by the shareholders, Valentin Ionescu gave us an interview in which he spoke about his plans for Sibex, about the Bucharest Stock Exchange, as well as about the activity of SIF Moldova.
Reporter: What are your expectations for the General Shareholder Meeting of Sibex? And how do you see the future of the Sibiu Exchange?
Valentin Ionescu: What expectations can one have from a General Shareholder Meeting they are running for? Naturally, to successfully join the Board of Directors, and that those that would be on the new Board with you are on the same wavelength with you. The company needs to be rethought.
From my point of view, the company needs to find again its identity as a derivatives exchange, because lately, it had the tendency to become more of a Forex platform. Sibex is a Romanian exchange group, it is licensed to operate in Romania, and therefore, it needs local products, both for foreign investors, as well as for the local ones. Forex platforms are everywhere.
In my opinion, this is the mistake made by former CEO Cristian Sima.
Aside from the fact that it needs to find again its identity as a derivatives exchange, Sibex can also develop