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Appointment of Non-Executive Director to SFC
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     The Financial Secretary, Mr John C Tsang, has appointed Ms Teresa Ko Yuk-yin as a Non-Executive Director of the Securities and Futures Commission (SFC) under the authority delegated by the Chief Executive. The appointment is for a term of two years from August 1, 2012, to July 31, 2014.

     Ms Ko is a solicitor and has rich experience in the financial services sector. She is currently a member of the Exchange Fund Advisory Committee, and a Deputy Chairman of the SFC's Takeovers and Mergers Panel and member of the Takeovers Appeal Committee. She formerly served as the Chairman of the Listing Committee of the Stock Exchange of Hong Kong Limited, and as a member of the Securities and Futures Appeals Tribunal and the Standing Committee on Company Law Reform.

     Announcing the appointment today (July 27), Mr Tsang said, "Ms Ko has a wealth of experience and expertise in the financial services sector, in particular the corporate finance field. We believe that Ms Ko will provide invaluable contributions to the work of the SFC."

     Mr Tsang also paid tribute to the outgoing Non-Executive Director, Mrs Angelina Lee. "During her service over the past six years, Mrs Lee has been instrumental in enhancing the corporate governance, accountability and transparency of the SFC. We are grateful to Mrs Lee for her contribution and look forward to her continued support in the further development of Hong Kong's financial services sector."

     The membership of the Board of Directors of the SFC as at August 1 is as follows:

Chairman
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Dr Eddy Fong Ching

Non-Executive Directors
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Mr Chan Kam-lam
Professor Leonard Cheng Kwok-hon
Mr Anderson Chow Ka-ming
Mr Lawrence Lee Kam-hung
Mr Carlson Tong
Mr Wong Kai-man
Ms Teresa Ko Yuk-yin

Executive Directors
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Mr Ashley Alder, Chief Executive Officer
Mrs Alexa Lam, Executive Director (Policy, China and Investment Products) cum Deputy Chief Executive Officer
Mr Brian Ho, Executive Director (Corporate Finance)
Mr Keith Lui, Executive Director (Supervision of Markets)
Mr Mark Steward, Executive Director (Enforcement)

Ends/Friday, July 27, 2012
Issued at HKT 16:31

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