The Hong Kong Monetary Authority (HKMA) has announced that Arthur Yuen’s tenure as Deputy Chief Executive has been extended for two additional years beyond the standard retirement age.

This decision, approved by the Financial Secretary based on the advice of the Governance Sub-Committee of the Exchange Fund Advisory Committee, will take effect in August 2024.

Yuen, who joined the HKMA in 1996 as Head of Administration, has held various significant roles throughout his career.

He has worked on research and liaison concerning China’s economic and market development issues before being appointed Head of Banking Supervision in 2000.

Yuen then served as Executive Director (Banking Development) in July 2004, Executive Director (Banking Supervision) in June 2005, and Executive Director (External) in July 2008. He assumed his current position on 1 January 2010.

In his extended role, Yuen will continue to oversee banking policy, supervision, conduct, and enforcement at the HKMA.