Financial Times FT.com

Indonesian exchange's new chief is ready to modernise

By John Aglionby and Taufan Hidayat in Jakarta

Published: June 25 2009 03:00 | Last updated: June 25 2009 03:00

Repairing the Indonesian Stock Exchange's battered reputation and facilitating a near-tenfold increase in the number of investors within three years will be the main priorities of the bourse, according to its new chief executive, who was elected yesterday.

Market participants said Ito Warsito's goals should also include demutualising the exchange, increasing transparency, improving its technology, expanding the products offered and tightening brokers' standards.

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