HKEx announces senior appointments : Automated Trader

Hong Kong - Hong Kong Exchanges and Clearing Limited has announced an internal management reorganisation, all appointments are effective 7 January 2013, unless otherwise stated.

Chief Regulatory Officer

Mr David Graham has been appointed as HKEx's Chief Regulatory Officer effective 9 January 2013 to oversee HKEx's Listing Division and Market Surveillance, Legal Services and Secretarial Services Departments. Mr Graham will be Head of Listing (Designate) initially and will succeed current Head of Listing, Mr Mark Dickens who will retire in July 2013. There will remain a Chinese wall between the Listing Division and Market Surveillance and other groups reporting to Mr Graham which do not perform a regulatory role. A Deputy Head of Listing will be appointed in due course to manage the day to day operations of the Listing Division.

Mr Graham joined Morgan Stanley as General Counsel, Asia ex-Japan in 2001 and has been working in the financial services sector since then. He was with UBS for several years and joined Nomura in 2011 as Global Head of Legal and General Counsel, wholesale division. Mr Graham was a member of the Takeovers and Mergers Panel of the Securities and Futures Commission ("SFC") from 2001 to 2012 and served as a Deputy Chairman of the panel from 2004 to 2012. He has been a member of the Code Committee of the UK Takeover Panel since 2012.

Co-heads of Global Markets

Mr Romnesh Lamba, who was HKEx's Head of Market Development, and Mr Martin Abbott, the Chief Executive of The London Metal Exchange, a wholly owned subsidiary of HKEx, have been appointed as the Co-heads of the newly established division - Global Markets. Upon the establishment of the Global Markets Division, the Market Development Division has been dissolved and its personnel have been redeployed into the operating divisions. As the Co-heads of the Global Markets Division, Mr Lamba and Mr Abbott oversee the newly established Equities and Fixed Income and Currency ("FIC") Business, the Commodities Business, including LME, as well as the Mainland Development and the Business Development and Strategy Departments.

In his new role, Mr Lamba succeeds Mr Gerald Greiner to become the Chief Executive of The Stock Exchange of Hong Kong Limited ("SEHK") and Hong Kong Futures Exchange Limited ("HKFE"). The appointment of Mr Lamba as SEHK's and HKFE's Chief Executive took effect on 4 January 2013. Mr Abbott continues to be LME's Chief Executive.Mr Lamba was a senior adviser of Asia ex-Japan corporate finance and capital markets business of JP Morgan (Hong Kong) from 2008 to 2010. From 2000 to 2008, he held various senior positions in Merrill Lynch (Asia Pacific), including Managing Director of investment banking, Chief Operating Officer of China origination business, and Head of Asia energy and power team. Mr Abbott joined LME as its first Director of Marketing in 1989, and took the role of Chief Executive of LME in October 2006.

Co-heads of the Equities and FIC Business

Mr Bryan Chan, who was Head of Market Data, and Mr Calvin Tai, who was Head of Trading, assume the role of Co-heads of the Equities and FIC Business and report to Mr Lamba and Mr Abbott. Mr Chan is principally responsible for cash trading, market data and the joint venture company, China Exchanges Services Company Limited. Mr Tai principally oversees derivatives trading, and product and index development. Mr Chan and Mr Tai jointly oversee issuer and client services. Mr Chan worked in HKEx's Group Risk Management and Clearing Division before acting as Head of Market Data. Mr Tai joined HKFE before its merger with SEHK as Head of Products in 1998 and Head of Derivatives Market Development and Operations from 2003 to 2010 before being appointed as Head of Trading Division.

Head of Global Clearing

Mr Greiner, who was HKEx's Chief Operating Officer, has been appointed as HKEx's Head of Global Clearing. As the Head of Global Clearing, Mr Greiner oversees all clearing businesses of the HKEx group, including existing clearing operations, OTC clearing, LME Clear and risk management. Apart from being HKEx's Head of Global Clearing, Mr Greiner continues to be the Chief Executive of Hong Kong Securities Clearing Company Limited. Mr Greiner was HKEx's Deputy Chief Operating Officer and Head of Exchange Division from 2004 to 2007 prior to being appointed as HKEx's Chief Operating Officer.

Co-heads of Clearing Risk Management

In light of the developing regulatory environment globally in clearing, risk management for clearing operations is being segregated from enterprise risk management. Mr Kevin King, who is Head of Risk Management, has tendered his resignation, effective 31 January 2013. In his place, Mr Felix Wang, who was Co-deputy Head of Risk Management, Mr Ketan Patel, who was Co-deputy Head of Risk Management, and Mr Chris Jones, who is LME Clear's Chief Risk Officer, have been appointed as Co-heads of Clearing Risk Management, reporting to Mr Greiner. In addition, the Co-heads of Clearing Risk Management will report to HKEx's Chief Executive directly on material risk matters. Mr Wang is principally responsible for equities clearing risk management, Mr Patel is principally responsible for FIC clearing risk management, including OTC Clearing, and Mr Jones is principally responsible for LME Clear risk management. Mr Jones will also report to Mr Trevor Spanner, LME's Head of Post Trade Services. Mr Wang was HKEx's Head of the Derivatives Clearing Risk Management Department from 2004 to 2012. Mr Patel worked at the CME Group as Executive Director prior to joining HKEx. Mr Jones was appointed as LME Clear's Chief Risk Officer on 6 November 2012.

Chief Operating Officer

Mr Henry Ingrouille, who was HKEx's Chief Administrative Officer, has been appointed as HKEx's Chief Operating Officer. Simultaneously, the role of the Chief Operating Officer is being redefined. As the Chief Operating Officer, Mr Ingrouille is responsible for the corporate services encompassing human resources, corporate and investor communications, research and policy, and enterprise risk and information security as well as the functions of the Chief Administrative Officer which are being taken up by Ms Monica Wong who will continue to report to Mr Ingrouille.

The SFC has approved the appointment of Mr Ingrouille as HKEx's Chief Operating Officer effective 4 January 2013 pursuant to section 70(1) of the SFO. Before joining HKEx, Mr Ingrouille was a Managing Director and Head of Asian operations for Morgan Stanley.

Chief Communications Officer

Mr Henry Law, who was Head of Corporate Communications, has been appointed as HKEx's Chief Communications Officer. As the Chief Communications Officer, Mr Law directly reports to HKEx's Chief Executive and assists in all external communication affairs. The supervision of corporate and investor communications will be taken over by the Chief Operating Officer, as stated above.

Mr Law was appointed HKEx's Head of Corporate Communications following the merger of the stock and futures exchanges in 2000, and HKEx's Executive Vice President in 2005. Mr Law first joined SEHK in 1988 as its Head of Corporate Communications.

Source: http://www.automatedtrader.net/news/algo-appointments-news/141961/hkex-announces-senior-appointments

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