Hong Kong Exchanges and Clearing Ltd. (00388.HK) has established a mainland division to be led by renowned senior staff to further tap into business opportunities across the border, the Hong Kong Economic Journal reported Tuesday.
The new appointments include Ba Shusong, former deputy director general of the Financial Research Institute of the State Council’s Development Research Center.
Ba has been named chief economist for China, although the start of his duty has yet to be announced pending confirmation.
The new division will be jointly headed by Mao Zhirong, who led the bourse operator’s mainland development team before it became part of the new division, and Li Gang, who had been a senior adviser since joining the stock exchange in March 2013.
The three senior executives of the new division will report directly to HKEx chief executive Charles Li.
The move came as more business opportunities emerge on the mainland following the launch of the Shanghai-Hong Kong Stock Connect in November last year.
Meanwhile, Roger Lee was named deputy head of global markets for Asia, a new post, with immediate effect.
Lee will continue to report to Romesh Lamba, co-head of global markets, and serve as head of market operations.
Kevin Rideout, from Citigroup, has also joined the global markets division in a newly established role as head of business development.
Rideout was head of wholesale execution services for Asia and chief spokesman for stock connect businesses at the investment bank.
Translation by Vey Wong
[Chinese version 中文版]
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