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H.K. Exchanges and Clearing names new chief executive.

HONG KONG, April 10 Kyodo

Hong Kong Exchanges and Clearing Ltd. (HKEx), the holding company of the territory's stock and futures exchanges, announced Thursday it has appointed Paul Chow as its new chief executive, succeeding Kwong Ki-chi.

Chow, who is currently regional chief executive of Asia-Pacific ex-Japan at HSBC Asset Management (Hong Kong) Ltd., will assume the new position on May 1.

He served as chief executive of the Stock Exchange of Hong Kong from November 1991 and January 1997.

Kwong, who was criticized over a controversial proposal to delist low-priced companies from the stock exchange last July, is stepping down from his job next Tuesday.

HKEx said its chief operating officer Frederick Grede will be acting as chief executive during the interim period from next Wednesday to the end of this month.
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Publication:Asian Economic News
Date:Apr 14, 2003
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