Change in Chief Executive and Directorate at HKEx
Change in Chief Executive and Directorate
Reference is made to the announcement of Hong Kong Exchanges and Clearing Limited (“HKEx”) dated 3 June 2009 in relation to the appointment of Mr Li Xiaojia, Charles (“Mr Li”) as the Chief Executive of HKEx (“CE”) to succeed Mr Chow Man Yiu, Paul (“Mr Chow”) effective 16 January 2010.
Mr Li's appointment as the CE
Effective 16 January 2010, Mr Li will assume full responsibility as the CE, become an ex-officio member of the Board of Directors of HKEx (“Board”), and be appointed a director of all HKEx’s subsidiaries. In addition, he, as the CE, will also take up the following positions:
HKEx – member of Executive Committee and chairman of Corporate Social Responsibility Committee
The Stock Exchange of Hong Kong Limited – member of Listing Committee and GEM Listing Committee
The respective terms of service at the Board and committees shall be co-terminus with Mr Li’s employment as the CE.
Biographical information of Mr Li is set out below:
Mr Li Xiaojia, Charles (age 48)
Other major offices
- Shanghai Pudong Development Bank Co Ltd (“SPDB”) (listed on the Shanghai Stock Exchange)– non-executive director (2008~)
- China Vanke Co Ltd (“China Vanke”) (listed on the Shenzhen Stock Exchange)– non-executive director (2008~)
- China Entrepreneurs Forum – director (2005~)
- JP Morgan China – chairman (2003-2009)
- Merrill Lynch China (1994-2003: president (1999-2003))
- Brown & Wood, New York – associate (1993-1994)
- Davis Polk & Wardwell, New York – associate (1991-1993)
- Bachelor of Arts in English Literature (Xiamen University, China)
- Master of Arts in Journalism (University of Alabama, USA)
- Juris Doctor (Columbia University, USA)
Mr Chow's retirement
The Board would like to take this opportunity to express its gratitude to Mr Chow for his outstanding contribution and strong leadership in enhancing HKEx’s regulatory and business performance in the past six years. With his extensive experience and expertise in financial markets and management, Mr Chow has been instrumental in leading HKEx’s management in implementing the strategic plans to address challenges in an increasingly competitive environment. The Board wishes him all the best following his retirement.