Hong Kong Exchange’s New CEO Wins Regulatory Approval
What’s new: The Securities and Futures Commission of Hong Kong approved the appointment Tuesday of Nicolas Aguzin as the new chief executive officer of Hong Kong Exchanges & Clearing Ltd. (HKEX).
Aguzin, the CEO of JPMorgan Chase and Co.’s International Private Bank, will take office as chief of Hong Kong’s stock exchange May 24 for a term of three years.
He will replace Charles Li, also a former JPMorgan banker, who announced his resignation in May and left at the end of last year after a decade at the helm.
The background: Aguzin, 53, will be the HKEX’s first chief executive of non-Chinese origin. But the Argentine native is well connected in the region after serving as JPMorgan’s chairman and CEO of Asia Pacific from 2012 to 2020.
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