Date
22 August 2017
Market observers say the change at HKEx will not affect its development or direction but it signals a brain drain of high-caliber executives. Photo: HKEJ
Market observers say the change at HKEx will not affect its development or direction but it signals a brain drain of high-caliber executives. Photo: HKEJ

HKEx shake-up as key player leaves

Hong Kong Exchanges and Clearing Ltd. (HKEx) (00388.HK) said Bryan Chan, co-head of equities, fixed income and currency business of its global markets division, is leaving in September.

Chan is a key member of the Shanghai-Hong Kong Stock Connect project, a through-train scheme that allows cross-border equity transactions by individual investors.

He will continue to be involved in the project until his departure, the Hong Kong Economic Journal reported Wednesday, citing an official statement.

Chan is also the chief executive of China Exchanges Services Co. Ltd., a joint venture among the three exchanges in Shanghai, Shenzhen and Hong Kong.

Roger Lee, who has been appointed to head a new market operations group that comprises cash trading, derivatives trading and market data, will assume part of Chan’s duties, the statement said.

Lee was head of structured products, fixed income and primary market information in the HKEx listing and regulatory affairs division. He will report to Romnesh Lamba, co-head of the global markets division.

Market observers said the change will not affect the business development and direction of HKEx but it signals a brain drain of top-caliber executives.

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