Bonnie Chan set to take reins at HKEX in May 2024

Bonnie Chan, co-chief working officer of the Hong Kong Inventory Change (HKEX), has been appointed because the HKEX’s new chief government officcer from Could 24, 2024 for a time period of three years till Could 23, 2027. The transfer comes after present chief government Nicolas Aguzin determined to not search reappointment on the finish of his present three yr contract, based on a December 15 succession announcement from the HKEX.

Chan (pictured) is the primary lady to tackle the CEO position and also will change into an ex-officio member of the board efficient Could 24, 2024, and the appointment of Chan has been authorised by the Securities and Futures Fee (SFC).

Chan has over 30 years of expertise in authorized and monetary companies. She joined HKEX as head of itemizing in January 2020 and is presently co-chief working officer of HKEX. Previous to becoming a member of HKEX, she was a companion of Davis Polk & Wardwell LLP from 2010 to 2019, the place she oversaw a large portfolio of shoppers in Hong Kong and throughout Asia. Previous to this, she served as the top of IPO transactions, itemizing division, HKEX from 2007 to 2010.

The board expressed its gratitude to Aguzin for his contribution and management over the past two and a half years “in opposition to a very difficult macro backdrop, formed by Covid and weak international markets”, the assertion mentioned. Throughout his tenure, Auguzin led efforts to advertise HKEX internationally, opened new workplaces in New York and London and helped to ship and improve a collection of merchandise and platforms, together with the expansion in its derivatives and ETF markets, the assertion mentioned.

Aguzin additionally expressed his appreciation to the board for giving him the chance to steer the corporate since Could 2021.

Laura Cha, HXEX’s chairman, mentioned, “On behalf of the HKEX Board, I wish to thank Nicolas for main HKEX throughout a really difficult interval. He has performed a serious position in driving the promotion of Hong Kong’s monetary markets internationally throughout this time, re-starting dialogue and connectivity in a post-Covid world and making certain that HKEX was very a lot seen as open-for-business.” 

In one other transfer, the board has appointed Wilfred Yiu as HKEX’s deputy chief government, additionally efficient from Could 24, 2024. Yiu can even proceed to behave because the co-chief working officer of HKEX. Yiu will proceed to carry positions because the chief government of each The Inventory Change of Hong Kong and Hong Kong Futures Change, that are direct wholly owned subsidiaries of HKEX.

Yiu has over 25 years’ expertise in worldwide capital markets. He joined HKEX in April 2019 and is presently co-chief working officer of HKEX. Previous to becoming a member of HKEX, he was deputy chief government officer and chief working officer of Beijing Gao Hua Securities, a strategic companion of Goldman Sachs, and in addition chairman of Qian Kun Futures. Previous to this, Yiu was managing director, FICC at Goldman Sachs. Yiu has been a member of the Securities Compensation Fund Committee of the SFC since 2020.

As well as, Vanessa Lau has been appointed because the HKEX’s co-chief working officer efficient Could 24, 2024. Lau can even proceed to behave because the group chief monetary officer of HKEX. Lau has over 25 years’ expertise within the monetary companies business. She joined HKEX in October 2015. Previous to becoming a member of HKEX, she held varied senior monetary positions with Sanford C. Bernstein (Hong Kong) from 2011 to 2015, Alcoa from 2007 to 2011 and previous to this, with McKinsey & Firm and PricewaterhouseCoopers (UK).

Commenting on the appointments, Chan mentioned, “Bonnie is a well known capital markets government, having beforehand been a number one authorized practitioner, and previously head of HKEX’s itemizing division. She has a wonderful understanding of HKEX’s enterprise and its aggressive panorama and has performed a key position within the execution of the HKEX’s technique over the previous couple of years. I’d additionally prefer to congratulate Wilfred on being appointed deputy chief government, along with his present position of co-chief working officer, and Vanessa, on being appointed co-chief working officer, along with her present position of group chief monetary officer.”

Chan mentioned, “It’s an honour to have been requested to change into HKEX’s new chief government officer, an organisation that I’ve labored for twice, and that I’ve had interactions with all through my profession. Nicolas has expertly led HKEX throughout a very turbulent few years in international markets, and I inherit a powerful enterprise that’s effectively positioned, each operationally and strategically.” 

Chan added: “I wish to thank him for his management and personally want him all the perfect for the longer term. Because the world pivots east, as thrilling developments in new applied sciences and methods of working evolve and as we work collectively to handle main challenges corresponding to local weather change and a fragile international financial backdrop, the alternatives for HKEX stay immense.”

¬ Haymarket Media Restricted. All rights reserved.