Hong Kong Central Bank HKMA Appoints Darryl Chan as Deputy Chief Executive, Edmond Lau Resigns
27th October 2022 | Hong Kong
Hong Kong central bank Hong Kong Monetary Authority (HKMA) has announced the appointment of Darryl Chan as the new HKMA Deputy Chief Executive (1/11/22), with current Deputy Chief Executive Edmond Lau resigning. Darryl Chan had joined HKMA as Executive Director (Corporate Services) in February 2013 and has taken up the current post of Executive Director (External) since August 2019 with responsibilities for promoting Hong Kong’s international financial centre development, offshore RMB business, and policies at international forums to advance financial stability. On appointment as Deputy Chief Executive, Mr Chan is responsible for overseeing the work of External, Monetary Management and Research departments.
“ Hong Kong Central Bank HKMA Appoints Darryl Chan as Deputy Chief Executive, Edmond Lau Resigns “
Darryl Chan, HKMA Deputy Chief Executive
Mr Darryl Chan holds a Bachelor of Business Administration degree from the Chinese University of Hong Kong and a Master of Science degree in Management from Stanford University. Prior to joining the HKMA in February 2013 as Executive Director (Corporate Services), Mr Chan was an Administrative Officer in the HKSAR Government and had worked in different policy bureaux and departments on policy formulation and administration. He has taken up the current post as Executive Director (External) since August 2019, responsible for promoting Hong Kong’s international financial centre development, offshore RMB business, and policies at international forums to advance financial stability.
HKMA
The Hong Kong Monetary Authority (HKMA) is Hong Kong’s central banking institution. It was established on 1 April 1993 by merging the Office of the Exchange Fund and the Office of the Commissioner of Banking. The HKMA’s four main functions are:
- maintaining currency stability within the framework of the Linked Exchange Rate System;
- promoting the stability and integrity of the financial system, including the banking system;
- helping to maintain Hong Kong’s status as an international financial centre, including the maintenance and development of Hong Kong’s financial infrastructure; and
- managing the Exchange Fund.
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