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SPSE Appoints New Chairman

10/03/2010
 
PRESS RELEASE
 
SPSE APPOINTS NEW CHAIRMAN
 
The South Pacific Stock Exchange board has unanimously elected Mr. Mesake Nawari as its new Chairman in accordance with its Articles. Mr Nawari replaces Mr Pramesh Sharma who has resigned.  
 
Mr Nawari is currently the Senior Fellow at the Graduate School of Business at the University of the South Pacific. He was the first Chief Executive Officer of the South Pacific Stock Exchange and he was instrumental in starting the first Call Market in July 1996 which was a catalyst in the development of Fiji’s capital market. He was also the first Manager of FijiStock Brokers and the Unit Trust of Fiji. He established the Fijian Holdings Unit Trust where he was also its first General Manager. He also headed FHL Securities, the lead broker for the successful ATH’s government share sell down to the public. He was also the first Group Chief Executive Officer of Fiji Television Limited.
 
He also serves on the board of Pacific Green Industries, a listed company on the Exchange and Media Niugini Limited, a wholly owned subsidiary of Fiji Television Limited. Mr. Nawari’s qualifications include a Master of Commerce in Finance and Banking with Distinction specializing in market microstructure from the University of Sydney and a Postgraduate Diploma in Accounting and Financial Management and a Bachelor of Arts degree in Accounting and Economics from the University of the South Pacific. He is also a Senior Associate of FINSIA.
 
The Exchange congratulates Mr Nawari on his appointment and is looking forward to working with him as he brings with him vast experience and knowledge of the capital markets industry. The board and the management of the Exchange would also like to acknowledge Mr Sharma’s strong leadership of the Board and thank him for his support and contributions to the Exchange during his tenure.
                 
Should you require any further information on the issue, please do not hesitate to contact us.
 
 
Jinita Prasad
Chief Executive
10/03/2010
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