Fund Manager Turned Finance Minister Wants to Revive Poland's Stock Market [BNN Bloomberg (Canada)]
KBC GROUP SA UNSP/ADR (KBCSY)
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Source: BNN Bloomberg
Andrzej Domanski, a former equity portfolio manager, bemoaned the fate of minority investors, who — he said — got sidelined by the previous nationalist administration as it sought to tighten its grip over state-controlled companies. The Warsaw bourse, the biggest in central and eastern Europe, has seen more firms leave the market than debut on it since 2017. “There have been few initial public offerings and many companies delisted as there was no belief that it was profitable to be on the capital market,” Domanski told Bloomberg in an interview. “I hope this will now change.” The perilous state of the domestic market strikes a nerve with Domanski, 42, who used to manage stocks for the Polish unit of Belgium's KBC Group NV and local outfits including Noble Funds TFI before going into politics in 2019. A fresh face in Donald Tusk's two-month-old cabinet, Domanski co-wrote the ruling Civic Platform party's economic agenda. He won a seat in parliament in October's elections and bec
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