The Hong Kong Stock Exchange and Clearing Limited (HKEX) on Friday announced several senior management changes effective January 1, 2025, marking a new chapter for the exchange.
Wilfred Yeo, executive vice president of the Hong Kong Stock Exchange, co-chief operating officer and co-head of markets, will retire at the end of December after nearly six years with the organization, the company revealed.
Yeo, who will also retire as CEO of the Hong Kong Stock Exchange Limited and Hong Kong Futures Exchange Limited, played a pivotal role in expanding the Hong Kong Stock Exchange’s product offerings and implementing key market structure improvements, including expanding the call and severe weather programme, the Hong Kong Stock Exchange said. commerce.
“Wilfred has been a highly valued member of our senior leadership team, and his many contributions to the group have supported the continued resilience and attractiveness of the Hong Kong markets,” said Hong Kong Stock Exchange CEO, Pony Wai Chan.
Following Yu’s retirement, Vanessa Lau will assume the role of sole Chief Operating Officer while retaining her position as Group Chief Financial Officer.
Lau will also assume the position of CEO of SEHK and HKFE, appointments that have already been approved by the Securities and Futures Commission.
To support her expanded remit, Xu Liang will join the Hong Kong Stock Exchange as Managing Director and Chief Operating Officer on 10 February 2025.
Xu, who was previously co-head of Asia Pacific operations at Goldman Sachs, will oversee trading, post-trade and market monitoring, ensuring the flexibility and efficiency of Hong Kong’s stock exchange markets.
Additionally, it was announced that Glenda Su, currently Co-Head of Markets, will lead a new division as Head of Platform Development and Market Structure.
The Hong Kong Stock Exchange said that SO will focus on innovative initiatives to enhance market efficiency and diversification, and support the future growth of the Hong Kong Stock Exchange.