Hong Kong Exchanges and Clearing Limited (HKEX) today announced a number of senior management changes, which will take effect from January 1, 2025.
Wilfred Yiu, Deputy Chief Executive Officer, Co-Chief Operating Officer and Co-Head of Markets, will retire at the end of 2024. Mr Yiu will also retire as Chief Executive of The Stock Exchange of Hong Kong Limited (SEHK) and Hong Kong Futures Exchange Limited (HKFE).
Following Mr Yiu’s retirement, Vanessa Lau will become the sole HKEX Chief Operating Officer, in addition to her existing role as Group Chief Financial Officer. Ms Lau will also become Chief Executive of SEHK and HKFE. These appointments have been approved by the Securities and Futures Commission.
With Ms Lau’s expanded remit, HKEX announces that Xu Liang will join the Group as Managing Director, Head of Operations. Mr Xu joins HKEX on 10 February 2025 and will report to Ms Lau in her COO capacity.
In this newly-created role, Mr Xu will direct the Group’s Hong Kong market operations, overseeing the trading, post-trade, and market surveillance and monitoring functions, ensuring the continued robustness, efficiency, and reliability of HKEX’s markets.
HKEX also announced that Glenda So, currently Co-Head of Markets, will become Head of Platform and Market Structure Development, where she will lead a new division focused on supporting the Group’s delivery of new and innovative platforms and initiatives that will further enhance the diversity and efficiency of its markets.
Reporting to Group Chief Information Officer, Richard Leung, Ms So and her team will oversee new and existing projects that explore adjacencies, and that address the Group’s market structure development needs of tomorrow. In the interim, Ms So will continue to help oversee the Markets division until the appointment of a new Head of Markets, to be announced in due course.
