In the first quarter of 2012, Sibext posted a profit of only 1,800 lei (EUR ), while in the next quarters it switched to losses.
In January to June it reported a loss of RON149,000. Also, in 2011, Sibex loss was at RON596,000.
A number of 10 persons are running for the five positions in Sibex Board.
The candidates are the founder of real estate group Avrig 35 Alexander Hergan, lawyer Gabriel Biris, one of the two Sibex deputy general managers Ovidiu Petru, former general manager of Bucharest Stock Exchange Valentin Ionescu and current Board member at SIF Moldova, the head of Interfinbrok broker and vice-president of the Brokers’ Associations Iancu Stavrositu , as well as Ciprian Costea, director with Nova Invest.
The other candidates are four current managers, namely SIF Transilvania’s representative Dan Simionescu, former vice president of Romanian Securities Commission CNVM Cristian Sima, Sibex’ current vice-president Paul Miclaus, as well as Alexandru Gaitan, portfolio manager at London’s Frontier Capital Management.
Sibex Board is made of five members, one of whom is president and another vice-president. The current Managing Board was chosen in April 2011, when the bourse’s stockholders chose three new members and confirmed the representatives of SIF Transilvania and SIF Muntenia, Dan Simionescu and Gabriel Filimon, respectively.