The Hong Kong Exchanges and Clearing Limited (HKEX) has named John Hsu as Managing Director and Group CTO. He will succeed Richard Leung, who will become Group CIO.

Hsu will join HKEX on September 29, 2023 and will report to Leung. He will be a member of the Group’s Management Committee and will head the Group’s IT infrastructure, operations, development, and support functions in Hong Kong. He will also oversee HKEX’s Innovation and Data Lab and its Mainland Technology Centre.

John Hsu joins HKEX from HSBC, where he was the CIO for Asia Pacific since May 2019. Before that, he held senior roles at Huawei Technologies, SF Express, and Deloitte. He also founded ALA Financial, a company that focuses on leveraging the power of microfinance to support young investors and borrowers.

In his new role, Leung will continue to have oversight of the group’s technology strategy and functions. He will also focus on a number of key strategic group-wide projects and will continue to report to HKEX Chief Executive Officer Nicolas Aguzin.

Aguzin said,

“I am delighted to appoint Richard as Group Chief Information Officer and to welcome John to HKEX. Technology is at the heart of HKEX’s vision and strategy and today’s appointments reflect our commitment to continue investing in this key area, providing best-in-class services to our clients and stakeholders around the world.

 

Richard and John’s leadership will be invaluable as we progress our work to develop a platform business that leverages modern, agile and digitalised infrastructure, connecting today with tomorrow.”

Richard Leung, Group Chief Technology Officer at HKEX said,

“I am very pleased to welcome John to HKEX. With more than 20 years of international experience in technology operations and strategic delivery, John’s knowledge and expertise will be instrumental as we drive our business and technology agenda forward.

 

I look forward to be working closely with John to further strengthen and elevate HKEX’s information and technology capabilities.”