Hong Kong Exchanges and Clearing Limited (HKEX) today announced the appointment of Lubna Olayan, Chair of the Executive Committee of Olayan Financing Company and Saudi Awwal Bank (SAB), and Marty Flanagan, Chairman Emeritus of Invesco Ltd., to HKEX’s International Advisory Council with effect from 1 September 2024.
Established in 2019, the Council comprises experts in economics, business, technology and finance from around the world to advise the HKEX Board of Directors.
With the addition of Ms Olayan and Mr Flanagan, the Council will comprises 10 members and is chaired by Laura M Cha, former HKEX Chairman.
Lubna Olayan is actively involved in the governance of The Olayan Group (TOG) through serving as Chair of the Executive Committee of Olayan Financing Company (OFC) – the holding company of TOG in the Middle East and North Africa (MENA) – Chair of the Corporate Board of Olayan Saudi Holding Company (OSHCO) – the operating entity of TOG in MENA – and Chair of the Shareholders Board of TOG.
Ms. Olayan also chairs the Board of Saudi Awwal Bank (SAB), a publicly listed Saudi company. In addition, Ms. Olayan is currently a member of several international advisory boards, including those of Akbank, Allianz SE, Bank of America, Hakluyt, and TotalEnergies. She is a Senior Advisor at Chatham House and sits on the Board of Directors of KAUST Investment Management Company (KIMC).
She also serves as a trustee of MIT and the World Economic Forum, as a member of the Asia Business Council, and as a director of the Philanthropy Asia Alliance (PAA) of Temasek Trust. Her other philanthropic positions include serving as President of the Suliman S. Olayan Foundation and Chair of Alfanar, a UK based charity and the first venture philanthropy organization in the Arab world.
Marty Flanagan has served as a Chairman Emeritus of Invesco Ltd since July 2023. He served as a Director, President and Chief Executive Officer of Invesco from 2005 to June 2023.
Mr Flanagan joined Invesco from Franklin Resources, Inc., where he was president and co-chief executive officer from 2004 to 2005, and held numerous positions of increasing responsibility – co-president, chief operating officer, chief financial officer and senior vice president – from 1993 to 2003.
Mr Flanagan serves as Trustee of Southern Methodist University (SMU) and as a member of the executive Board at the SMU Cox School of Business. He is a member of the International Advisory Council of the China Securities Regulatory Commission and serves as a Visiting Management Practice Professor at Tsinghua University School of Economics and Management in Beijing.
Mr Flanagan is a co-Founder and currently serves as Chair of Engage Ventures, an innovation platform bringing together Atlanta-based corporations to support startups. He previously served as Chair and Board member of the Atlanta Committee for Progress; and Chair and member of the Executive Council for the Metro Atlanta Chamber.
Mr Flanagan formerly served as chair and vice chair on the executive committee and on the Board of Governors for the Investment Company Institute.
Mr Flanagan is a CFA charterholder and was a certified public accountant from 1986 to 2022. He holds a Bachelor of Arts degree and a Bachelor of Business Administration degree from SMU.
