Caixin
Mar 03, 2021 07:01 AM
FINANCE

Hong Kong Exchange’s New CEO Wins Regulatory Approval

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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.

The bourse is embracing more listings from big Chinese mainland companies and inflows of mainland cash through the Shanghai- and Shenzhen-Hong Kong connect systems.

Quick Takes are condensed versions of China-related stories for fast news you can use. To read the full story in Chinese, click here.

Contact reporter Denise Jia (huijuanjia@caixin.com) and editor Bob Simison (bobsimison@caixin.com).

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