HKEx names new chief executive

The Hong Kong Exchanges and Clearing Limited (HKEx) has named Paul Chow as its new chief executive, effective on May 1, replacing Kwong Ki Chi.

Chow is currently chief executive for Asia-Pacific ex-Japan for HSBC Asset Management. Before joining HSBC Asset Management in 1997, Chow served as chief executive of the Stock Exchange of Hong Kong. Prior to that, he was chief executive of Hong Kong Securities Clearing Company.

HKEx said in a statement that its chief operating officer, Frederick Grede, will be acting chief executive during an interim period from April 16 through April 30.

Hong Kong’s regulator, the Securities and Futures Commission, has approved Chow’s appointment.

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