HKEX 21st Anniversary | HKEX Chairman Laura M Cha delivers welcome remarks.
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Hong Kong Exchange Launches Laura M Cha Capital Markets Scholarship Program for Postgraduate Students in Partnership with The Chinese University of Hong Kong Business School, Scholarships Recognize Contribution of Outgoing HKEX Chairman Laura M Cha for the Development of Capital Markets in Hong Kong, Mainland China & Globally, 1 Scholarship Awarded Each Year & HKEX Will Contribute $25,000 Yearly for 6 Years

1st May 2024 | Hong Kong

The Hong Kong Exchange (HKEX) has launched the Laura M Cha Capital Markets Scholarship program for postgraduates students, in partnership with The Chinese University of Hong Kong Business School.  The scholarships recognize the contribution of outgoing HKEX Chairman Laura M Cha for the development of capital markets in Hong Kong, Mainland China & globally.  One (1) scholarship will be awarded each year, and HKEX will contribute $25,000 (HKD 200,000) yearly for 6 years.  Announcement: “Hong Kong Exchanges & Clearing Limited (HKEX) is today (Friday) pleased to announce that it has established a new postgraduate scholarship programme in partnership with The Chinese University of Hong Kong (CUHK) Business School. The annual scholarship programme has been launched to honour Laura M Cha, recognising her considerable contribution to the development of capital markets in Hong Kong, Mainland China and globally over her distinguished career, most recently as HKEX Chairman.  Mrs Cha has played a major role in the growth of Hong Kong’s and Mainland China’s financial markets, including the introduction of H-Shares and the development of the Connect programmes, supporting ever greater connectivity and access to the region for investors and corporates alike.  She has also been a long-term advocate of corporates taking an active role in their communities, including overseeing the establishment of the HKEX Foundation, which has donated more than HK$440 million to charitable projects since it was established in 2020.  The Laura M Cha Capital Markets Scholarship will be awarded each year to an individual or individuals looking to advance their postgraduate studies in finance at CUHK Business School. HKEX will contribute HK$200,000 to the annual scholarship fund, for a period of six years. The scholarship programme, which is expected to launch later this year, will be administered by CUHK Business School, and it is envisaged that a secondment or project work with HKEX will be arranged as part of the programme. This new scholarship programme, which will be funded by the Group, complements the annual university scholarships and research funding grants that the HKEX Foundation already runs as part of its charitable work, supporting students and academics in Hong Kong.”  In April 2024, Hong Kong Exchange (HKEX) appointed ex-KPMG APAC Chairman Carlson Tong as Chairman succeeding Laura Cha.  

“ Hong Kong Exchange Launches Laura M Cha Capital Markets Scholarship Program for Postgraduate Students in Partnership with The Chinese University of Hong Kong Business School, Scholarships Recognize Contribution of Outgoing HKEX Chairman Laura M Cha for the Development of Capital Markets in Hong Kong, Mainland China & Globally, 1 Scholarship Awarded Each Year & HKEX Will Contribute $25,000 Yearly for 6 Years “

 



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HKEX Chairman, Carlson Tong:  “This scholarship is a tribute from HKEX to celebrate Laura’s remarkable leadership and unwavering commitment to the sustained growth of our capital markets. Her instrumental involvement in establishing Hong Kong as a dynamic and globally significant international financial centre, coupled with her pivotal contributions towards fostering the accessibility of China’s markets over the past three decades, exemplify her exceptional achievements. Laura has become a beacon of inspiration for an entire generation of finance professionals, particularly women, who aspire to forge successful careers in capital markets. I am confident that she will continue to make a lasting impact as a dedicated mentor and trusted advisor for many years to come.”

Laura M Cha: “I am honoured that HKEX has launched this new postgraduate scholarship programme in my name. Supporting and encouraging the best and brightest minds from the next generation is something that I am passionate about. As capital markets across Hong Kong, Mainland China and globally continue to evolve, embracing new ideas, technologies and ever greater interconnectivity, this new scholarship will add to the swell of expertise and knowledge in the region, in turn fueling growth and opportunity. It has been a privilege to chair HKEX over the last six years, and I look forward to continuing to contribute to the future of the company and the region’s markets, as both an advisor and advocate. I look forward too, to meeting the scholarship awardees and hearing their ideas in the years to come.”

Dean of CUHK Business School, Professor Zhou Lin: “We extend our sincere gratitude to HKEX for their continued support and generous donation in establishing the new Laura M Cha Capital Markets Scholarship. This initiative underscores our shared vision to nurture the next generation of global talent in finance, strengthening our international position as leading institution in business education and bolstering Hong Kong’s status as a premier international financial centre. With this scholarship, we hope to empower the best talent to make meaningful contributions to the industry and drive positive change in the capital markets in our region and beyond.”

 

 

About HKEX

Hong Kong Exchanges and Clearing Limited (HKEX) is a publicly-traded company (HKEX Stock Code: 388) and one of the world’s leading global exchange groups, offering a range of equity, derivative, commodity, fixed income and other financial markets, products and services, including the London Metal Exchange.  As a superconnector and gateway between East and West, HKEX facilitates the two-way flow of capital, ideas and dialogue between China and the rest of the world, through its pioneering Connect schemes, increasingly diversified product ecosystem and its deep, liquid and international markets.  HKEX is a purpose-led organisation which, across its business and through the work of HKEX Foundation, seeks to connect, promote and progress its markets and the communities it supports for the prosperity of all.

 

 

Hong Kong Exchange Appoints Ex-KPMG APAC Chairman Carlson Tong as Chairman Succeeding Laura Cha, Bonnie Y Chan Succeeded Nicholas Aguzin as HKEX Chief Executive on 1st March 2024

HKEX Chairman Carlson Tong

25th April 2024 – Hong Kong Exchange (HKEX) has appointed ex-KPMG APAC Chairman Carlson Tong as Chairman succeeding Laura Cha, with Bonnie Y Chan succeeding Nicholas Aguzin earlier in March as HKEX Chief Executive (1/3/24).  HKEX (24/4/24): “The Board today appointed Carlson Tong as HKEX’s Chairman, subject to the written approval of the Chief Executive of the Hong Kong Special Administrative Region. Please refer to the regulatory announcement issued today for the appointment of HKEX’s Chairman.  Following the Government’s appointment of Chan Kin Por and Peter Yan and re-appointment of Susan Chow, and shareholders’ re-election of Nicholas Allen, Anna Cheung and Zhang Yichen as Directors of HKEX, new appointments have been made to certain committees of HKEX, with immediate effect.  The latest compositions of HKEX’s committees are available on the HKEX Group website. The term of service of each HKEX Director on each committee is coterminous with the individual’s term of directorship with HKEX.”  Earlier in March 2024, Hong Kong Exchange Bonnie Y Chan succeeded Nicholas Aguzin as HKEX Chief Executive on the 1st March 2024, with Wilfred Yiu appointed as Deputy Chief Executive and Vanessa Lau as Co-COO (effective 1st March 2024).

Carlson Tong, Chairman of Hong Kong Exchanges & Clearing

Mr Carlson Tong is Chairman of Hong Kong Exchanges and Clearing Limited.   Mr Tong is also an Independent Non-Executive Director of MTR Corporation Limited, the Hong Kong Investment Corporation Limited, and Standard Chartered PLC.  He was Chairman of KPMG China and Hong Kong from 2007 to 2011, and was Chairman of the Asia-Pacific region and a member of KPMG’s global board from 2009 to 2011.  Mr Tong has been actively involved in capital markets throughout his career, with deep expertise in corporate governance and regulatory compliance. He served as a member of the Main Board and Growth Enterprise Market Listing Committee of The Stock Exchange of Hong Kong Limited from 2002 to 2006, before becoming the chair from 2006 to 2008.   Mr Tong was appointed Chairman of the Securities and Futures Commission from 2012 to 2018. He oversaw the launch of several major policy initiatives during his term, including the introduction of the landmark Stock Connect programme and the mutual recognition of funds between Mainland China and Hong Kong.  Mr Tong has also been devoting his time to the local community, and was very active in Hong Kong’s education and youth sectors. He was Chairman of the English Schools Foundation, the Hong Kong Sports Institute and the University Grants Committee of Hong Kong.  Mr Tong is a Fellow of both the Institute of Chartered Accountants in England and Wales (ICAEW) and the Hong Kong Institute of Certified Public Accountants. He received the 2022 ICAEW Outstanding Achievement Award, and was awarded an honorary Doctor of Business Administration by the Hong Kong University of Science and Technology, as well as an honorary Doctor of Social Sciences by the Education University of Hong Kong.  Mr Tong was awarded the Silver Bauhinia Star and the Gold Bauhinia Star by the Hong Kong Special Administrative Region Government in 2014 and 2019, respectively.

 

 

Hong Kong Exchange Bonnie Y Chan Succeeds Nicholas Aguzin as HKEX Chief Executive on 1st March 2024,  Wilfred Yiu as Deputy Chief Executive & Vanessa Lau as Co-COO

Hong Kong Exchange Bonnie Y Chan

1st March 2024 – Hong Kong Exchange Bonnie Y Chan has succeeded Nicholas Aguzin as HKEX Chief Executive today on the 1st March 2024, with Wilfred Yiu appointed as Deputy Chief Executive and Vanessa Lau as Co-COO (effective 1st March 2024).  Earlier in February 2024, Hong Kong Exchange announced the acceleration of HKEX CEO transition with Bonnie Y Chan to succeed Nicholas Aguzin as HKEX Chief Executive on 1st March 2024 instead of May 2024, with Wilfred Yiu as Deputy Chief Executive & Vanessa Lau as Co-COO also effective 1st March 2024.  HKEX (Dec 2023): “The Board is pleased to announce the appointment of Ms Chan Yiting, Bonnie as Chief Executive of HKEX, effective 24 May 2024, for a term of three years until 23 May 2027. Ms Chan will also become an ex-officio member of the Board effective 24 May 2024.  Pursuant to section 70 of the Securities and Futures Ordinance (“SFO”), the appointment of Ms Chan as the Chief Executive of HKEX has been approved by the Securities and Futures Commission (“SFC”).  Ms Chan, aged 54, has over 30 years of experience in legal and financial services. She joined HKEX as Head of Listing in January 2020 and is currently Co-Chief Operating Officer of HKEX. Prior to joining HKEX, she was a partner of Davis Polk & Wardwell LLP from 2010 to 2019, where she oversaw a wide portfolio of clients in Hong Kong and across Asia. Prior to this, she served as the Head of IPO Transactions, Listing Division, HKEX from 2007 to 2010. Ms Chan previously served as a member of the Board of Inland Revenue of the Government of the Hong Kong Special Administrative Region and Financial Services Development Council and was an ex-officio member of the Standing Committee on Company Law Reform from 2020 to 2022.  She holds a Bachelor of Laws from the University of Hong Kong and a Master of Laws from Harvard Law School.”

 

 

Hong Kong Exchange Bonnie Y Chan Succeeds Nicholas Aguzin as HKEX Chief Executive on 1st March 2024, Wilfred Yiu as Deputy Chief Executive & Vanessa Lau as Co-COO

Hong Kong Exchange Bonnie Y Chan

Appointment of Ms CHAN Yiting, Bonnie as Chief Executive

The Board is pleased to announce the appointment of Ms Chan Yiting, Bonnie as Chief Executive of HKEX, effective 24 May 2024, for a term of three years until 23 May 2027. Ms Chan will also become an ex-officio member of the Board effective 24 May 2024.  Pursuant to section 70 of the Securities and Futures Ordinance (“SFO”), the appointment of Ms Chan as the Chief Executive of HKEX has been approved by the Securities and Futures Commission (“SFC”).  Ms Chan, aged 54, has over 30 years of experience in legal and financial services. She joined HKEX as Head of Listing in January 2020 and is currently Co-Chief Operating Officer of HKEX. Prior to joining HKEX, she was a partner of Davis Polk & Wardwell LLP from 2010 to 2019, where she oversaw a wide portfolio of clients in Hong Kong and across Asia. Prior to this, she served as the Head of IPO Transactions, Listing Division, HKEX from 2007 to 2010. Ms Chan previously served as a member of the Board of Inland Revenue of the Government of the Hong Kong Special Administrative Region and Financial Services Development Council and was an ex-officio member of the Standing Committee on Company Law Reform from 2020 to 2022.  She holds a Bachelor of Laws from the University of Hong Kong and a Master of Laws from Harvard Law School.

 

Appointment of Mr YIU Ka Yan, Wilfred as Deputy Chief Executive

The Board is pleased to announce the appointment of Mr Yiu Ka Yan, Wilfred as Deputy Chief Executive of HKEX effective 24 May 2024. Mr Yiu will also continue to act as the Co-Chief Operating Officer of HKEX. The SFC has approved the appointment of Mr Yiu as Deputy Chief Executive under Section 70 of the SFO.  Alongside this appointment, Mr Yiu will continue to hold positions as the Chief Executive of both The Stock Exchange of Hong Kong Limited and Hong Kong Futures Exchange Limited, which are direct wholly owned subsidiaries of HKEX.   Mr Yiu, aged 54, has over 25 years’ experience in international capital markets. He joined HKEX in April 2019 and is currently Co-Chief Operating Officer of HKEX. Prior to joining HKEX, he was Deputy Chief Executive Officer and Chief Operating Officer of Beijing Gao Hua Securities Company Limited, a strategic partner of Goldman Sachs, and also Chairman of Qian Kun Futures Co Ltd. Prior to this, Mr Yiu was Managing Director, FICC at Goldman Sachs. Mr Yiu has been a member of the Securities Compensation Fund Committee of the SFC since 2020.  Mr Yiu holds a Bachelor of Science in Computer Science and a Bachelor of Business Administration from the University of Washington, a Master of Science in Computer Science from Stanford University, and a Master of Business Administration from Stern School of Business, New York University.

 

Appointment of Ms LAU Bik Yun, Vanessa as Co-Chief Operating Officer

The Board is pleased to announce the appointment of Ms Lau Bik Yun, Vanessa as Co-Chief Operating Officer of HKEX effective 24 May 2024. Ms Lau will also continue to act as the Group Chief Financial Officer of HKEX. The SFC has approved the appointment of Ms Lau as Co-Chief Operating Officer under Section 70 of the SFO.  Ms Lau, aged 51, has over 25 years’ experience in the financial services industry. She joined HKEX in October 2015 and is currently the Group Chief Financial Officer of HKEX. Prior to joining HKEX, she held various senior financial positions with Sanford C. Bernstein (Hong Kong) Limited from 2011 to 2015, Alcoa Inc. from 2007 to 2011 and prior to this, with McKinsey & Company Inc and PricewaterhouseCoopers (UK). She is currently a Non-Executive Director of Swiss Re, the global re-insurance business.  Ms Lau holds a Bachelor of Arts (honours) degree and a Master of Arts degree, both in Mathematics and Computation, from the University of Oxford, United Kingdom; and is a Chartered Accountant qualifying with The Institute of Chartered Accountants in England and Wales.

 

 

 

Hong Kong Exchange Reports $1.52 Billion Profit for 2023 with Market Value at $39 Billion, Bonnie Chan Yiting to Succeed Nicholas Aguzin as HKEX Chief Executive on 1st March 2024

29th February 2024 – Hong Kong Exchange (HKEX) has reported $1.52 billion profit for 2023 with current market value of $39 billion (29/2/24).  Nicolas Aguzin, HKEX CEO:   “HKEX delivered a strong set of 2023 full-year results, fuelled by notable growth in its derivatives, fixed-income and currencies business. Despite the persistent challenging global backdrop and softer Cash Market, we are pleased to be reporting our second-best revenue and other income, and profits, on record, with profit attributable to shareholders for 2023 up 18 per cent.  Excellent strategic progress complemented the Group’s financial performance, with delivery of new milestones in the Connect programme, including the launch of Swap Connect and HKEX Synapse; the opening of new Group offices in New York and London, better supporting our customers on-the-ground across time-zones; and the rollout of new enhancements to HKEX’s listing franchise, including Chapter 18C and the launch of FINI. A particular highlight this year, has been the success of the Group’s continued product diversification focus and market microstructure enhancements, which have been instrumental in driving new daily trading records in 2023 for HKEX’s equity derivatives, RMB Currency Futures, OTC Clear and ETP markets.  Looking ahead, whilst the macroeconomic and geopolitical environment remains turbulent, we are cautiously optimistic that, as sentiment improves, we are well placed to capitalise on the global pivot to Asia, on Hong Kong’s unique role as an East-West superconnector, on our unrivalled China advantage and on the megatrends, such as sustainability, that are shaping capital markets around the world.” More info below:

 

 

Hong Kong Exchange Accelerates CEO Transition with Bonnie Chan Yiting to Succeed Nicholas Aguzin as HKEX Chief Executive on 1st March 2024 Instead of May 2024, Wilfred Yiu as Deputy Chief Executive & Vanessa Lau as Co-COO Effective 24th May 2024

HKEX Chief Executive Officer, Nicolas Aguzin

14th February 2024 – Hong Kong Exchange (HKEX) has announced the acceleration of HKEX CEO transition with Bonnie Chan Yiting to succeed Nicholas Aguzin as HKEX Chief Executive on 1st March 2024 instead of May 2024, with Wilfred Yiu as Deputy Chief Executive & Vanessa Lau as Co-COO also effective 1st March 2024.  HKEX:  “In view of Mr Aguzin’s decision to accelerate the Change in Executive Office, the Board is pleased to confirm the appointment of Ms Chan Yiting, Bonnie as Chief Executive of HKEX, effective 1 March 2024, for a term of three years until 28 February 2027. Ms Chan will also become an ex-officio member of the Board effective 1 March 2024.”  On Wilfred Yiu Ka Yan: “The Board is pleased to confirm the appointment of Mr Yiu Ka Yan, Wilfred as Deputy Chief Executive of HKEX effective 1 March 2024. Mr Yiu will also continue to act as the Co-Chief Operating Officer of HKEX. The SFC has approved the appointment of Mr Yiu as Deputy Chief Executive under Section 70 of the SFO.  Alongside this appointment, Mr Yiu will continue to hold positions as the Chief Executive of both The Stock Exchange of Hong Kong Limited and Hong Kong Futures Exchange Limited, which are direct wholly-owned subsidiaries of HKEX.”  On Vanessa Lau Bik Yun: “The Board is pleased to confirm the appointment of Ms Lau Bik Yun, Vanessa as Co-Chief Operating Officer of HKEX effective 1 March 2024. Ms Lau will also continue to act as the Group Chief Financial Officer of HKEX. The SFC has approved the appointment of Ms Lau as Co-Chief Operating Officer under Section 70 of the SFO.“  In December 2023, Hong Kong Exchange (HKEX) announced the appointment of Co-COO Bonnie Chan as the new HKEX Chief Executive, Wilfred Yiu as Deputy Chief Executive & Vanessa Lau as Co-COO effective 24th May 2024, with current Chief Executive Nicholas Aguzin informing HKEX Board of decision not to seek reappointment at the end of current contract in May 2024.

 

 

Hong Kong Exchange Appoints Co-COO Bonnie Chan as New Chief Executive, Wilfred Yiu as Deputy Chief Executive & Vanessa Lau as Co-COO Effective 24th May 2024, Current Chief Executive Nicholas Aguzin Informed HKEX Board of Decision Not to Seek Reappointment at the End of Current Contract in May 2024

Hong Kong Exchange Bonnie Y Chan

15th December 2023 – Hong Kong Exchange (HKEX) has announced the appointment of Co-COO Bonnie Chan as the new HKEX Chief Executive, Wilfred Yiu as Deputy Chief Executive & Vanessa Lau as Co-COO effective 24th May 2024, with current Chief Executive Nicholas Aguzin informing HKEX Board of decision not to seek reappointment at the end of current contract in May 2024HKEX: “The Board of Directors (the “Board”) of Hong Kong Exchanges and Clearing Limited (“HKEX”) today announces that Mr Aguzin, Chief Executive of HKEX, has informed the Board that he will not seek reappointment at the end of his current contract in May 2024.  1) The Board is pleased to announce the appointment of Ms Chan Yiting, Bonnie as Chief Executive of HKEX, effective 24 May 2024, for a term of three years until 23 May 2027.  2) The Board is pleased to announce the appointment of Mr Yiu Ka Yan, Wilfred as Deputy Chief Executive of HKEX effective 24 May 2024. Mr Yiu will also continue to act as the Co-Chief Operating Officer of HKEX.  3) The Board is pleased to announce the appointment of Ms Lau Bik Yun, Vanessa as Co-Chief Operating Officer of HKEX effective 24 May 2024. Ms Lau will also continue to act as the Group Chief Financial Officer of HKEX.”  In 2021, HKEX Chief Executive Alejandro Nicolas Aguzin (Nicolas Aguzin) started his role at HKEX for a 3-year term on the 24th of May 2021.  Nicolas Aguzin had joined Hong Kong Exchange (HKEX) after a 30 years career at JP Morgan, where he last held the role of CEO of JP Morgan International Private Bank. More info below:

Laura M Cha, Chairman, HKEX: “I would like to congratulate Bonnie, on behalf of the Board, on being appointed as the new Chief Executive Officer of HKEX. Bonnie is a well- known capital markets executive, having previously been a leading legal practitioner, and formerly head of HKEX’s listing division. She has an excellent understanding of HKEX’s business and its competitive landscape and has played a key role in the execution of the HKEX’s strategy over the last few years. I would also like to congratulate Wilfred on being appointed Deputy Chief Executive, in addition to his current role of Co-Chief Operating Officer, and Vanessa, on being appointed Co-Chief Operating Officer, in addition to her current role of Group Chief Financial Officer. With the support of Wilfred and Vanessa and the full management team, Bonnie is ably positioned to lead HKEX as it continues to drive forward its vision as a purpose-led and ambitious company, supporting the long-term development of Hong Kong as an international financial centre and enrichment of HKEX’s markets, products and services around the world.”

Laura M Cha, Chairman, HKEX: “On behalf of the HKEX Board, I would like to thank Nicolas for leading HKEX during a very challenging period. He has played a major role in driving the promotion of Hong Kong’s financial markets internationally during this time, re-starting dialogue and connectivity in a post-Covid world and ensuring that HKEX was very much seen as open-for-business. We fully respect his decision to pursue new opportunities and we wish him all the very best for the future. We look forward to working with him over the coming months to ensure a smooth transition.”

Mr Aguzin, HKEX Chief Executive: “Leading HKEX has been the privilege of a lifetime, and I owe deep gratitude to all the hardworking colleagues, partners and stakeholders who have supported me along the way. Purpose is very important to me and when I started at HKEX, we set about delivering on ours, ‘to connect, promote and progress our markets and the communities they support for the benefit of all’. I believe we have succeeded in this, building strong purpose-led foundations that will continue helping the financial sector to be a critical enabler of the real economy for years to come. The Group’s unique strength is both its China and global connectivity and during my tenure we have been steadfast in ensuring that Hong Kong’s markets have remained relevant, connected and competitive, successfully supporting our customers and stakeholders around the world. I am particularly proud of the wide range of strategic initiatives and projects that the team has delivered in the last few years, despite the challenging and turbulent backdrop. Over the next few months, I will work closely with my team to ensure a smooth and seamless transition of leadership at the Group.”

Bonnie Y Chan, HKEX Co-Chief Operating Officer: “It is an honour to have been asked to become HKEX’s new Chief Executive Officer, an organisation that I have worked for twice, and that I have had interactions with throughout my career. Nicolas has expertly led HKEX during a particularly turbulent few years in global markets, and I inherit a strong business that is well placed, both operationally and strategically. I would like to thank him for his leadership and personally wish him all the very best for the future. As the world pivots east, as exciting developments in new technologies and ways of working evolve and as we work together to address major challenges such as climate change and a fragile global economic backdrop, the opportunities for HKEX remain immense. I look forward to working with the Board, the Management Committee and the full HKEX team to harness those opportunities.”

 

 

Hong Kong Exchange Appoints Co-COO Bonnie Chan as New Chief Executive, Wilfred Yiu as Deputy Chief Executive & Vanessa Lau as Co-COO Effective 24th May 2024, Current Chief Executive Nicholas Aguzin Informed HKEX Board of Decision Not to Seek Reappointment at the End of Current Contract in May 2024

HKEX Chief Executive Officer, Nicolas Aguzin

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.

JP Morgan Appointments:

  • JPMorgan Chase & Co (1990-2021):
  • CEO, International Private Bank (2019-2021)
  • Chairman and CEO, Asia Pacific (2013-2020)
  • Senior Country Officer for Brazil (2008-2009),
  • CEO Latin America (2005-2012),
  • Head of Investment Banking, Latin America (2002-2012), and Head of Mergers & Acquisitions Group, Latin America (2000-2002)

Appointment of Ms CHAN Yiting, Bonnie as Chief Executive

The Board is pleased to announce the appointment of Ms Chan Yiting, Bonnie as Chief Executive of HKEX, effective 24 May 2024, for a term of three years until 23 May 2027. Ms Chan will also become an ex-officio member of the Board effective 24 May 2024.  Pursuant to section 70 of the Securities and Futures Ordinance (“SFO”), the appointment of Ms Chan as the Chief Executive of HKEX has been approved by the Securities and Futures Commission (“SFC”).  Ms Chan, aged 54, has over 30 years of experience in legal and financial services. She joined HKEX as Head of Listing in January 2020 and is currently Co-Chief Operating Officer of HKEX. Prior to joining HKEX, she was a partner of Davis Polk & Wardwell LLP from 2010 to 2019, where she oversaw a wide portfolio of clients in Hong Kong and across Asia. Prior to this, she served as the Head of IPO Transactions, Listing Division, HKEX from 2007 to 2010. Ms Chan previously served as a member of the Board of Inland Revenue of the Government of the Hong Kong Special Administrative Region and Financial Services Development Council and was an ex-officio member of the Standing Committee on Company Law Reform from 2020 to 2022.  She holds a Bachelor of Laws from the University of Hong Kong and a Master of Laws from Harvard Law School.

 

Appointment of Mr YIU Ka Yan, Wilfred as Deputy Chief Executive

The Board is pleased to announce the appointment of Mr Yiu Ka Yan, Wilfred as Deputy Chief Executive of HKEX effective 24 May 2024. Mr Yiu will also continue to act as the Co-Chief Operating Officer of HKEX. The SFC has approved the appointment of Mr Yiu as Deputy Chief Executive under Section 70 of the SFO.  Alongside this appointment, Mr Yiu will continue to hold positions as the Chief Executive of both The Stock Exchange of Hong Kong Limited and Hong Kong Futures Exchange Limited, which are direct wholly owned subsidiaries of HKEX.   Mr Yiu, aged 54, has over 25 years’ experience in international capital markets. He joined HKEX in April 2019 and is currently Co-Chief Operating Officer of HKEX. Prior to joining HKEX, he was Deputy Chief Executive Officer and Chief Operating Officer of Beijing Gao Hua Securities Company Limited, a strategic partner of Goldman Sachs, and also Chairman of Qian Kun Futures Co Ltd. Prior to this, Mr Yiu was Managing Director, FICC at Goldman Sachs. Mr Yiu has been a member of the Securities Compensation Fund Committee of the SFC since 2020.  Mr Yiu holds a Bachelor of Science in Computer Science and a Bachelor of Business Administration from the University of Washington, a Master of Science in Computer Science from Stanford University, and a Master of Business Administration from Stern School of Business, New York University.

 

Appointment of Ms LAU Bik Yun, Vanessa as Co-Chief Operating Officer

The Board is pleased to announce the appointment of Ms Lau Bik Yun, Vanessa as Co-Chief Operating Officer of HKEX effective 24 May 2024. Ms Lau will also continue to act as the Group Chief Financial Officer of HKEX. The SFC has approved the appointment of Ms Lau as Co-Chief Operating Officer under Section 70 of the SFO.  Ms Lau, aged 51, has over 25 years’ experience in the financial services industry. She joined HKEX in October 2015 and is currently the Group Chief Financial Officer of HKEX. Prior to joining HKEX, she held various senior financial positions with Sanford C. Bernstein (Hong Kong) Limited from 2011 to 2015, Alcoa Inc. from 2007 to 2011 and prior to this, with McKinsey & Company Inc and PricewaterhouseCoopers (UK). She is currently a Non-Executive Director of Swiss Re, the global re-insurance business.  Ms Lau holds a Bachelor of Arts (honours) degree and a Master of Arts degree, both in Mathematics and Computation, from the University of Oxford, United Kingdom; and is a Chartered Accountant qualifying with The Institute of Chartered Accountants in England and Wales.

 

 

Hong Kong Exchange Appoints Co-COO Bonnie Chan as New Chief Executive, Wilfred Yiu as Deputy Chief Executive & Vanessa Lau as Co-COO Effective 24th May 2024, Current Chief Executive Nicholas Aguzin Informed HKEX Board of Decision Not to Seek Reappointment at the End of Current Contract in May 2024

15th December 2023 – The Board of Directors (the “Board”) of Hong Kong Exchanges and Clearing Limited (“HKEX”) today announces that Mr Aguzin, Chief Executive of HKEX, has informed the Board that he will not seek reappointment at the end of his current contract in May 2024.

  • The Board would like to express its gratitude to Mr Aguzin for his contribution and leadership over the last two and a half years against a particularly challenging macro backdrop, shaped by Covid and weak global markets. During his tenure, Mr Aguzin has overseen the delivery of a number of significant strategic initiatives, led efforts to promote HKEX internationally, opened new offices in New York and London and helped to deliver and enhance a series of products and platforms, including the growth in our derivatives and ETF markets. Mr Aguzin has expressed his appreciation to the Board for giving him the opportunity to lead the Company since May 2021.
  • The Board believes that these appointments provide HKEX with broad and deep expertise in the most senior executive positions within the organisation. Ms Chan, Mr Yiu and Ms Lau will together form a powerful team, leading the business as it continues to build its competitiveness and execute its strategy to Connect China and the World, Connect Capital with Opportunities and Connect Today with Tomorrow.

A formal announcement under Rule 13.51(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited relating to the above changes will be made when they take effect.

As at the date of this announcement, HKEX’s Board of Directors comprises 12 Independent Non-executive Directors, namely Mrs Laura May-Lung CHA (Chairman), Mr Nicholas Charles ALLEN, Mr Apurv BAGRI, Mr CHEAH Cheng Hye, Ms CHEUNG Ming Ming, Anna, Mrs CHOW WOO Mo Fong, Susan, Mr HUNG Pi Cheng, Benjamin, Ms LEUNG Nisa Bernice Wing-Yu, Mr LEUNG Pak Hon, Hugo, Mr Carlson TONG, Mr YAM Chi Kwong, Joseph and Mr ZHANG Yichen, and one Executive Director, Mr Alejandro Nicolas AGUZIN, who is also the Chief Executive of HKEX.




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