The Securities and Futures Commission (SFC) today welcomed the re-appointment by the Financial Secretary of Ms Christina Choi, Mr Rico Leung and Mr Michael Duignan as Executive Directors for a term of three years.
Ms Choi, currently Executive Director of Investment Products, will continue in this capacity until 31 October 2025 (Note 1). Thereafter, she will assume the role of Executive Director of Corporate Finance, effective from 1 November 2025.
Mr Leung will continue his position as Executive Director of Supervision of Markets, with effect from 28 August 2025 (Note 2).
Mr Duignan will become Executive Director of Enforcement, with effect from 1 November 2025, after his current term as Executive Director of Corporate Finance ends on 31 October 2025 (Note 3).
Mr Christopher Wilson, Executive Director of Enforcement, has decided not to seek re-appointment and will leave the Commission when his current term ends on 31 October 2025. Since joining the SFC, Mr Wilson has been instrumental in steering the Commission’s legal and regulatory actions against corporate and market misconduct, as well as nurturing close collaboration with local, overseas and Mainland regulatory and enforcement agencies (Note 4).
In welcoming the re-appointments, the SFC’s Chief Executive Officer Ms Julia Leung said: “I look forward to continuing to work closely with all executive directors in fulfilling the SFC’s mission and advancing its strategic priorities.”
“I am confident that Christina will apply the same rigour and professionalism that she has demonstrated in leading the Investment Products Division when she takes up her new role. Michael will bring unique market insights and knowledge to the table when he assumes his new position by drawing upon his extensive experience in the areas of enforcement and corporate finance. Last but not least, the Supervision of Markets Division will continue to benefit from Rico’s leadership, dedication and steadfastness,” Ms Leung added.
The SFC’s Chairman, Dr Kelvin Wong said: “Christina, Rico, and Michael have earned unparalleled trust across our stakeholder ecosystem – from market participants to colleagues – through their exceptional command of regulatory frameworks, proven expertise in navigating complex market dynamics, and unwavering commitment to upholding the highest standards of integrity. These reappointments reflect not only their solid track record of driving sound, forward-thinking regulation but also the confidence we all place in their ability to lead with rigour, foresight, and uncompromising ethics. Christina and Michael’s cross-functional expertise, deep Commission-wide knowledge, strong leadership, and proven adaptability will make the transition seamlessly. I am confident that they will continue to make valuable contributions to advancing the SFC’s role as an effective securities regulator and an enabling facilitator for market development.”
“I would also like to express my sincere appreciation for Christopher’s leadership of the Enforcement Division and his overall contribution to the SFC during his tenure. I wish him all the best and success in his future endeavours.”
Notes:
- Ms Choi was first appointed as Executive Director of Investment Products in 2016.
- Mr Leung was first appointed to the current position in 2019.
- Mr Duignan joined the SFC in 2014. Before his appointment as Executive Director of Corporate Finance in 2022, he was a Senior Director of the Corporate Finance Division and the Enforcement Division respectively.
- Mr Wilson joined the SFC as Executive Director of Enforcement on 1 November 2022.
Ms Christina Choi
Mr Rico Leung
Mr Michael Duignan
