Hong Kong Exchange Appoints JP Morgan International Private Bank CEO Nicolas Aguzin as New CEO
9th February 2021 | Hong Kong
Hong Kong Exchanges and Clearing (HKEX) has appointed Alejandro Nicolas Aguzin (Nicolas Aguzin) as the new Chief Executive of HKEX, for a 3-year term with effect on the 24 May 2021. He will also become an ex-officio member of the HKEX Board of Directors (the Board).
Hong Kong Exchanges and Clearing (HKEX) is referred as Hong Kong Exchange or HKEX in this article
” Hong Kong Exchange Appoints JP Morgan International Private Bank CEO Nicolas Aguzin as New CEO “
Nicolas Aguzin joins Hong Kong Exchange (HKEX) from JP Morgan, where he is currently the Chief Executive Officer of JP Morgan International Private Bank, and a member of the Operating Committee for the firm’s asset and wealth management business. Between 2012 to 2020, he was CEO of JP Morgan, Asia Pacific.
Nicolas Aguzin, From JP Morgan to Hong Kong Exchange
Nicolas Aguzin had joined JP Morgan in 1990. In his 30 years at JP Morgan, he held numerous leadership roles including as Head of Investment Banking APAC, CEO of JP Morgan Latin America, CEO of JP Morgan, Asia Pacific and the last role as Chief Executive Officer of JP Morgan International Private Bank.
Nicolas Aguzin holds a Bachelor of Science degree in Economics from the Wharton School of the University of Pennsylvania in the United States and has been based in Hong Kong for the last 9 years.
Calvin Tai Continues as Co-President and Chief Operating Officer
With the appointment of Nicolas Aguzin as new Chief Executive of HKEX, Mr Calvin Tai will cease to be the Interim Chief Executive of HKEX and an ex-officio member of the Board on the 23rd of May 2021. He will continue in his roles, as Co-President and Chief Operating Officer of HKEX.
Laura M Cha, HKEX Chairman:
“We are delighted to announce the appointment of Mr Aguzin as the new Chief Executive of HKEX. He brings with him a wealth of international and regional experience in capital markets and financial services, including extensive knowledge of Mainland China, having served as chief executive for JP Morgan in Asia.
This will be invaluable to us as we continue to build our business’ success, as well as drive the ongoing growth and development of Hong Kong as a leading international financial centre.
As a highly respected and experienced executive, his broad experience in Greater China, the Americas and globally, makes him extremely well-placed to lead HKEX as we enter a post-Covid world, with the many opportunities and challenges that this will bring. Mr Aguzin’s skills and expertise will help us drive forward our strategy, utilising our deep China experience, but also reinforcing our international reach and relevance. Strong leadership, integrity, excellent relationships and a global outlook will be defining factors in our, and our markets’, long term success and we look forward to welcoming Nicolas to HKEX as we continue to Connect China, Connect the World.
On behalf of the Board, I would like to thank Mr Calvin Tai for his excellent stewardship this year, and for his continuing commitment to our business and support of markets and our community.”
Nicolas Aguzin, Chief Executive-designate of HKEX:
“I am deeply honoured to be asked to lead the world’s largest stock market group, especially at such an important time for global financial markets. In recent years, HKEX has been instrumental in defining the evolution of Asian finance and has become the world’s leading IPO venue. I am excited to now have the opportunity to build on the solid foundations of innovation, impact and progress created by my predecessors.
HKEX has a critical role to play in the evolution of strong, resilient and interconnected global financial markets. As China’s economy and capital markets continue to open, HKEX will become ever more relevant, facilitating anticipated significant new flows of capital, and supporting the strong demand for capital to fuel growth, acting as a catalyst that connects China with the world, and the world with China. I am optimistic and energised for the future and believe that with Calvin and my new colleagues, we have a unique opportunity to help drive and deliver our collective global prosperity.”
Hong Kong Exchange on Nicolas Aguzin Appointment[ The Hong Kong Exchanges & Clearing (HKEX) Board believes that Nicolas Aguzin extensive experience in Hong Kong, Mainland China, Asia and globally, and his deep knowledge of global capital markets, will help HKEX continue to build its competitiveness, as well as support the ongoing growth and development of Hong Kong’s unique financial markets.
Alongside his financial sector expertise, Mr Aguzin’s track record of strong leadership, his excellent regional and international relationships and his global outlook were contributing factors in the selection process.
Further, the Board believes that Mr Aguzin’s expertise will complement the existing skills within the organisation and be invaluable to HKEX as it continues to drive forward its strategy to be China Anchored, Globally Connected, and Technology Empowered ]
Hong Kong Exchanges and Clearing Limited (HKEX) is one of the world’s major exchange groups, and operates a range of equity, commodity, fixed income and currency markets. HKEX is the world’s leading IPO market and as Hong Kong’s only securities and derivatives exchange and sole operator of its clearing houses, it is uniquely placed to offer regional and international investors access to Asia’s most vibrant markets.
HKEX is also the global leader in metals trading, through its wholly owned subsidiaries, The London Metal Exchange (LME) and LME Clear Limited. This commodity franchise was further enhanced with the launch of Qianhai Mercantile Exchange (QME), in China, in 2018.
HKEX launched the pioneering Shanghai-Hong Kong Stock Connect programme in 2014, further expanded with the launch of Shenzhen Connect in 2016, and the launch of Bond Connect in 2017.