Wednesday, November 2, 2011

New stock exchange head gets down to business


by Dionisia Tabureguci
 
At the helm...Jinita Prasad
For 27-year-old Jinita Prasad, the euphoria of having been appointed chief executive officer of the South Pacific Stock Exchange (SPSE) is already fading.

After a month on the job, the former associate director of investment bank, Kontiki Capital Limited (KCL), has already zeroed in on the most daunting task before her: how to solve the liquidity problem in the market.

There is no soft diplomacy in her approach to this issue.
It is a point blank discussion on the state of Fiji's fledgling share market where, when she says 'liquidity', what she is really describing is how easily shares could be converted to cash.