The Hong Kong Exchanges and Clearing Limited (HKEX) announced the upcoming retirement of Alejandro Nicolas Aguzin, the current Chief Executive of the organisation.

Aguzin has informed the Board of Directors that he will not seek reappointment when his current contract ends in May 2024.

Under his leadership, HKEX achieved significant milestones, expanded its international presence, and enhanced its product offerings.

In succession to Aguzin, Bonnie Chan Yiting will assume the role of Chief Executive effective 24 May 2024, for a three-year term until 23 May 2027.

Chan’s appointment as Chief Executive has been approved by the Securities and Futures Commission (SFC). With over 30 years of experience in legal and financial services, Chan has been a member of HKEX since joining as Head of Listing in January 2020.

Before joining HKEX, Chan served as a partner at Davis Polk & Wardwell LLP from 2010 to 2019, where she oversaw a diverse portfolio of clients in Hong Kong and across Asia.

She also held the position of Head of IPO Transactions, Listing Division, HKEX, from 2007 to 2010.

Additionally, she served as a member of the Board of Inland Revenue of the Government of the Hong Kong Special Administrative Region, the Financial Services Development Council, and was an ex-officio member of the Standing Committee on Company Law Reform from 2020 to 2022.

Aguzin, Chief Executive said,

“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 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.”

HKEX also announced that Wilfred Yiu Ka Yan has been appointed as Deputy Chief Executive of HKEX, effective 24 May 2024. He will continue to serve as Co-Chief Operating Officer and Chief Executive of The Stock Exchange of Hong Kong Limited and Hong Kong Futures Exchange Limited, both wholly-owned subsidiaries of HKEX.

Furthermore, Vanessa Lau Bik Yun has been appointed as Co-Chief Operating Officer of HKEX, effective 24 May 2024, while also retaining her position as Group Chief Financial Officer.

Featured image credit: Edited from Freepik