At the Board meeting today (Thursday), Ronald Arculli was appointed the Chairman of Hong Kong Exchanges and Clearing Limited (HKEx) to succeed Charles Lee who retired after the annual general meeting held yesterday (the AGM). Pursuant to Section 69 of the Securities and Futures Ordinance (SFO), the appointment of Ronald Arculli as the Chairman will take effect subject to the written approval of the Chief Executive of Hong Kong Special Administrative Region (HKSAR).
The Board has also today considered and appointed members to various Committees and Consultative Panels.
Executive Committee (Exco)
Ronald Arculli has assumed the chairmanship pursuant to the Exco's terms of reference.
Audit Committee (AC)
Moses Cheng was appointed a member to replace Henry Fan who has resigned from the AC.
Investment Advisory Committee
Henry Fan was appointed the chairman to succeed Tim Freshwater who retired after the conclusion of the AGM. Laura Cha was appointed as an additional member.
Nomination Committee (NC), Disciplinary Appeals Committee (DAC) and Listing Nominating Committee (LNC)
Ronald Arculli was appointed the chairman of the NC of HKEx and a member of the DAC and the LNC of The Stock Exchange of Hong Kong Limited to succeed Charles Lee.
Remuneration Committee
Marvin Cheung was appointed the chairman to succeed Lo Ka Shui who retired after the conclusion of the AGM. Moses Cheng, Fong Hup,
Risk Management Committee
Subject to the approval of the Chief Executive of HKSAR, Ronald Arculli will assume the chairmanship pursuant to Section 65 of the SFO.
Cash Market Consultative Panel (CMCP)
Clearing Consultative Panel (CCP)
Fong Hup, the former deputy chairman, was appointed the chairman to succeed
Derivatives Market Consultative Panel
Christine Loh was appointed the deputy chairman to succeed Marvin Cheung who was appointed as the deputy chairman of the CMCP.
Panel Member Nomination Committee (PMNC)
As the PMNC comprises the three chairmen of the Consultative Panels and two directors. Laura Cha was appointed as a member to succeed Fong Hup after the latter has taken up the position as the chairman of the CCP.
Term of Service
The term of service of each director at each committee or panel shall be co-terminous with individual
The updated member list of the Committees and Consultative Panels are set out below.
Members of the Committees and Consultative Panels of HKEx
Executive Committee | |
1. |
ARCULLI Ronald Joseph (Chairman) |
2. |
CHOW Man Yiu, Paul |
3. |
FONG Hup |
4. |
KWOK Chi Piu, Bill |
5. |
LEE Kwan Ho, Vincent Marshall |
|
Audit Committee |
1. |
STRICKLAND John Estmond (Chairman) |
2. |
FONG Hup (Deputy Chairman) |
3. |
CHENG Mo Chi, Moses |
4. |
CHEUNG Kin Tung, Marvin |
5. |
LEE Kwan Ho, Vincent Marshall |
Investment Advisory Committee | |
1. |
FAN Hung Ling, Henry (Chairman) |
2. |
WONG Sai Hung, Oscar (Deputy Chairman) |
3. |
CHA May-Lung, Laura |
4. |
SUN Tak Kei, David |
5. |
WEBB David Michael |
|
Nomination Committee |
1. |
ARCULLI Ronald Joseph (Chairman) |
2. |
FONG Hup |
3. |
LEE Kwan Ho, Vincent Marshall |
4. |
WEBB David Michael |
5. |
WONG Sai Hung, Oscar |
|
Remuneration Committee |
1. |
CHEUNG Kin Tung, Marvin (Chairman) |
2. |
CHENG Mo Chi, Moses |
3. |
FONG Hup |
4. |
LEE Kwan Ho, Vincent Marshall |
5. |
LOH Kung Wai, Christine |
|
Risk Management Committee |
1. |
ARCULLI Ronald Joseph (Chairman)* |
2. |
CHAN Ka-lok |
3. |
FAN Hung Ling, Henry |
4. |
FONG Hup |
5. |
HE Guangbei |
6. |
KWOK Chi Piu, Bill |
7. |
WHEATLEY Martin |
8. |
YUE Eddie |
|
* Subject to the approval of the Chief Executive of the HKSAR |
|
Cash Market Consultative Panel |
1. |
LEE Kwan Ho, Vincent Marshall (Chairman) |
2. |
CHEUNG Kin Tung, Marvin (Deputy Chairman) |
3. |
BLOT Raphael |
4. |
BOKHARY Syed Bagh Ali Shah |
5. |
CHEN |
6. |
FUNG Chi Kin |
7. |
KWOK Tun Ho, |
8. |
LAM Ka Chung, William |
9. |
MUH Yi Tong, Anthony |
10. |
SZE Tsai Ping, Michael |
|
Clearing Consultative Panel |
1. |
FONG Hup (Chairman) |
2. |
WONG Sai Hung, Oscar (Deputy Chairman) |
3. |
CHAN Henry |
4. |
CHAN Hing Wah, Steve |
5. |
CHENG Yin Kong, Michael |
6. |
FISHER E Thomas |
7. |
IP Kwan Chak, Robert |
8. |
WILLIAMSON John |
9. |
WONG Lung Wo, James |
10. |
YONG Pang Teck |
|
Derivatives Market Consultative Panel |
1. |
KWOK Chi Piu, Bill (Chairman) |
2. |
LOH Kung Wai, Christine (Deputy Chairman) |
3. |
CHEONG Ying Chew, Henry |
4. |
CHING Seih Hong, Andy |
5. |
COWPERTHWAITE Adam |
6. |
HO Ka Chuen, Clement |
7. |
KWAN Pak Chung, Edward |
8. |
LIM Wah Sai |
9. |
WONG Shui Tong, Hugh |
10. |
YEH V-Nee |
|
Panel Member Nomination Committee |
1. |
CHA May-Lung, Laura |
2. |
FONG Hup |
3. |
KWOK Chi Piu, Bill |
4. |
LEE Kwan Ho, Vincent Marshall |
5. |
WONG Sai Hung, Oscar |
Members of the Disciplinary Appeals Committee and Listing Nominating Committee of
The Stock Exchange of Hong Kong Limited
|
Disciplinary Appeals Committee |
1. |
KWOK Larry (Convenor) |
2. |
ARCULLI Ronald Joseph |
3. |
HUI Chiu Chung, Stephen |
4. |
KWONG Che Keung, Gordon |
5. |
|
6. |
SZE Tsai Ping, Michael |
7. |
WU King Cheong, Henry |
|
Listing Nominating Committee |
1. |
ARCULLI Ronald Joseph |
2. |
STRICKLAND John Estmond |
3. |
WEBB David Michael |
4. |
Chairman of the Securities and Futures Commission (SFC) |
5. |
Executive Director of the SFC |
6. |
Executive Director of the SFC |