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The Financial Secretary, Mr John C Tsang, has appointed Mr Lawrence Lam Yuk-kun and Ms Barbara Shiu as members of the Risk Management Committee (RMC) of Hong Kong Exchanges and Clearing Limited (HKEx). The appointment, made under the Securities and Futures Ordinance, will take effect from July 1, 2015, for a term of two years.
Mr Lam is the Senior Advisor, Greater China, of the National Australia Bank, and Ms Shiu was formerly the General Manager, Operational Risk and Compliance Department of Bank of China (Hong Kong) Limited.
A Government spokesman said today (June 26), "We believe that with their expertise and experience, Mr Lam and Ms Shiu would be able to give valuable advice to the RMC.
"We would also like to thank the two outgoing members, Professor Chan Ngai-hang and Mr Michael Liu Swee-long, for their contributions to the RMC."
The RMC was established in March 2000 with the statutory role of formulating policies on risk management matters relating to the activities of HKEx and its subsidiaries for consideration by the Board of HKEx.
The RMC is chaired by the Chairman of HKEx, Mr Chow Chung-kong. The other serving members of the RMC are Mr Ignatius Chan Tze-ching, Mr Howard Lee Tat-chi, Mrs Margaret Leung Ko May-yee, Mr Keith Lui Kei-kwong and Ms May Tan Siew-boi.
Ends/Friday, June 26, 2015
Issued at HKT 16:05
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