Hong Kong Exchanges and Clearing Limited (HKEX) today announced the appointment of Phillip Wu as Managing Director, Head of Trading Operations.
Mr Wu will join HKEX on 20 October 2025 and will be responsible for leading the Trading Operations teams for both the cash and derivatives markets. He will report to Xu Liang, HKEX Head of Operations.
Mr Wu joins HKEX from HSBC, where he was Managing Director, Group Chief Control Officer for HSBC’s Global Operations, Deputy Chief Operating Officer, and Global Procurement. Prior to this, he spent 16 years at J.P. Morgan, rising to the position of Managing Director.
He holds a Master of Economics degree from the University of Hong Kong and a Bachelor of Arts in Economics and Commerce degree from the University of British Columbia.
HKEX also announced the appointment of Sally Kwok as Managing Director, Head of Connect, from 1 January 2026.
In this role, Ms Kwok will lead a newly established Connect team within the Markets Division, consolidating HKEX’s Connect-related initiatives across all asset classes, reporting to Gregory Yu, HKEX Head of Markets.
Ms Kwok is currently Co-Head of Trading, overseeing the cash equities market and the Stock Connect program, as well as client services and market structure. She has held senior positions at HKEX for more than 17 years and previously worked at UBS. Ms Kwok holds a Master of Engineering and Computer Science degree from the University of Oxford.
