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The Financial Secretary has re-appointed Mr Mark Steward as the Executive Director (Enforcement) and extended the appointment of Mr Paul Kennedy as the Executive Director/Chief Operating Officer of the Securities and Futures Commission (SFC). Mr Steward's new term of appointment will be for three years from Friday (September 25) to September 24, 2012. Mr Kennedy's current term of appointment which is due to expire on October 15, 2009, will be extended for nine months to July 15, 2010.
The re-appointment and extension of appointment were made by the Financial Secretary under the authority delegated by the Chief Executive pursuant to the Securities and Futures Ordinance.
Announcing the re-appointment of Mr Steward today (September 23), a government spokesman said Mr Steward had extensive regulatory enforcement experience in the securities and futures field. Mr Steward was first appointed as the SFC's Executive Director (Enforcement) in September 2006.
"Mr Steward has made significant contributions to the SFC. We look forward to his continued dedicated service in maintaining and promoting a fair, transparent and orderly securities and futures market in the new term", the spokesman said.
For Mr Kennedy, having regard to his personal plans and considerations, his current term of appointment will be extended for nine months to July 15, 2010. Mr Kennedy was first appointed as the Chief Operating Officer of the SFC in October 2006.
"Mr Kennedy has managed the Corporate Affairs Division of the SFC in an effective and responsive manner. We however respect Mr Kennedy's personal plans. He has indicated that after three years with the SFC, he would like to pursue other interests. We appreciate his agreement to extending his appointment, which will be conducive to an orderly and smooth transition prior to his departure," the spokesman said.
Ends/Wednesday, September 23, 2009
Issued at HKT 17:04
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