- Lubna Olayan and Marty Flanagan appointed to HKEX’s International Advisory Council
- The Council comprises distinguished business leaders, policy makers and industry experts, providing the HKEX Board of Directors with insight and expertise from around the world, on business, economics, technology and finance
Hong Kong Exchanges and Clearing Limited (HKEX) is today (Friday) pleased to announce the appointment of Lubna Olayan, Chair of the Executive Committee of Olayan Financing Company and Saudi Awwal Bank (SAB), and Marty Flanagan, Chairman Emeritus of Invesco Ltd. (Invesco), to HKEX’s International Advisory Council (Council) with effect from 1 September 2024.
HKEX Chairman, Carlson Tong, said, “I am very honoured to welcome Ms Olayan and Mr Flanagan as new members of our International Advisory Council. They are highly-respected business and finance leaders with a wealth of experience and market knowledge. I look forward to their valuable counsel and insight, as we work to further enhance our role as a leading global exchange group.”
Established in 2019, the Council comprises experts in economics, business, technology and finance from around the world to advise the HKEX Board of Directors. With the addition of Ms Olayan and Mr Flanagan, the Council will comprises 10 members and is chaired by Laura M Cha, former HKEX Chairman. Other Council members are Rona Fairhead, Chair of RS Group plc, a Non-Executive Director of Oracle Corporation and a member of the United Kingdom’s House of Lords; Stuart Gulliver, Board Director at Saudi Aramco, SAB and Jardine Matheson Holdings Limited, and former Group Chief Executive and Chairman of the Group Management Board of HSBC Holdings plc; Weijian Shan, Executive Chairman and Co-Founder of PAG Group; Neil Shen, Founding and Managing Partner of HongShan (formerly known as Sequoia Capital China); Joseph Tsai, Chairman of Alibaba Group; Carlson Tong, HKEX Chairman; and Bonnie Y Chan, HKEX Chief Executive Officer.
Lubna Olayan Biography
Lubna Olayan is actively involved in the governance of The Olayan Group (TOG) through serving as Chair of the Executive Committee of Olayan Financing Company (OFC) – the holding company of TOG in the Middle East and North Africa (MENA) – Chair of the Corporate Board of Olayan Saudi Holding Company (OSHCO) – the operating entity of TOG in MENA – and Chair of the Shareholders Board of TOG.
Ms. Olayan also chairs the Board of Saudi Awwal Bank (SAB), a publicly listed Saudi company. In addition, Ms. Olayan is currently a member of several international advisory boards, including those of Akbank, Allianz SE, Bank of America, Hakluyt, and TotalEnergies. She is a Senior Advisor at Chatham House and sits on the Board of Directors of KAUST Investment Management Company (KIMC).
She also serves as a trustee of MIT and the World Economic Forum, as a member of the Asia Business Council, and as a director of the Philanthropy Asia Alliance (PAA) of Temasek Trust. Her other philanthropic positions include serving as President of the Suliman S. Olayan Foundation and Chair of Alfanar, a UK based charity and the first venture philanthropy organization in the Arab world.
Marty Flanagan Biography
Marty Flanagan has served as a Chairman Emeritus of Invesco Ltd. (Invesco) since July 2023. He served as a Director, President and Chief Executive Officer of Invesco from 2005 to June 2023.
Mr Flanagan joined Invesco from Franklin Resources, Inc., where he was president and co-chief executive officer from 2004 to 2005, and held numerous positions of increasing responsibility – co-president, chief operating officer, chief financial officer and senior vice president – from 1993 to 2003.
Mr Flanagan serves as Trustee of Southern Methodist University (SMU) and as a member of the executive Board at the SMU Cox School of Business. He is a member of the International Advisory Council of the China Securities Regulatory Commission and serves as a Visiting Management Practice Professor at Tsinghua University School of Economics and Management in Beijing. Mr Flanagan is a co-Founder and currently serves as Chair of Engage Ventures, an innovation platform bringing together Atlanta-based corporations to support startups. He previously served as Chair and Board member of the Atlanta Committee for Progress; and Chair and member of the Executive Council for the Metro Atlanta Chamber. Mr Flanagan formerly served as chair and vice chair on the executive committee and on the Board of Governors for the Investment Company Institute.
Mr Flanagan is a CFA charterholder and was a certified public accountant from 1986 to 2022. He holds a Bachelor of Arts degree and a Bachelor of Business Administration degree from SMU.
