Hong Kong Exchanges and Clearing Limited (HKEX) today (Wednesday) welcomed the Government’s appointment of Mary Ma and the reappointment of Anita Fung, Rafael Gil-Tienda, and Stephen Yiu to its Board of Directors.
The two-year terms of the four directors will begin at the conclusion of HKEX’s Annual General Meeting (AGM) on 24 April 2019, and will end at the conclusion of the AGM in 2021.
Margaret Leung will retire from the Board after the conclusion of the AGM on 24 April 2019.
“We welcome the appointment of Ms Ma and the reappointment of Ms Fung, Mr Gil-Tienda and Mr Yiu. Their strong background in corporates and financial services will be immensely valuable to the Group as it embarks on a new strategic plan this year,” said HKEX Chairman Laura M Cha.
“On behalf of HKEX, I would like to thank Mrs Leung for her significant contributions to HKEX over the past six years,” said Mrs Cha.
HKEX’s Board consists of 13 directors, six elected by shareholders, six appointed by the Government, and the HKEX Chief Executive, who is an ex-officio member. The Government-appointed directors are appointed by the Financial Secretary pursuant to Section 77 of the Securities and Futures Ordinance.
Biographical information of Mary Ma is available in HKEX’s announcement about changes in its directorate published today.
Hong Kong Exchanges and Clearing Limited (HKEX) is one of the world’s major exchange groups, and operates a range of equity, commodity, fixed income and currency markets. HKEX is the world’s leading IPO market and as Hong Kong’s only securities and derivatives exchange and sole operator of its clearing houses, it is uniquely placed to offer regional and international investors access to Asia’s most vibrant markets.
HKEX is also the global leader in metals trading, through its wholly owned subsidiaries, The London Metal Exchange (LME) and LME Clear Limited. This commodity franchise was further enhanced with the launch of Qianhai Mercantile Exchange, in China, in 2018.
HKEX launched the pioneering Shanghai-Hong Kong Stock Connect programme in 2014, further expanded with the launch of Shenzhen Connect in 2016, and the launch of Bond Connect in 2017.