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The Chief Executive's
Committee
Norman Chan was appointed Chief Executive of the Hong Kong Monetary Authority (HKMA) on 1 October 2009. Mr Chan joined the Hong Kong Government as an Administrative Officer in 1976 and became Deputy Director (Monetary Management) of the Office of the Exchange Fund in 1991. He was appointed an Executive Director of the HKMA when it was established in 1993. From 1996 to 2005, Mr Chan served as Deputy Chief Executive of the HKMA. During his 12 years with the HKMA, Mr Chan steered a number of major financial policies and initiatives, including the development of Hong Kong's financial infrastructure, the introduction of renminbi banking services in Hong Kong and the financial co-operation among central banks in the Asian region. He played a key role in the Government market operations in 1998 that helped maintain the stability of Hong Kong's financial system. From December 2005 to June 2007, Mr Chan was Vice Chairman, Asia of Standard Chartered Bank. Prior to rejoining the HKMA, Mr Chan was Director of the Chief Executive's Office of the Hong Kong Special Administrative Region Government from July 2007 to July 2009. He was the Founding Chairman of the policy think tank, the Bauhinia Foundation Research Centre established in 2006.
Peter Pang is responsible for external affairs, corporate services and research. Mr Pang joined the HKMA as Executive Director (Banking Policy) in 1994 and was appointed Executive Director (Monetary Policy and Markets) in 1996. He was the Chief Executive Officer of the Hong Kong Mortgage Corporation from 1997 to 2004. He was appointed to his present position in July 2004. Mr Pang joined the civil service as an Administrative Officer in 1979 and served as Assistant Director General of Trade and Assistant Commissioner of Banking before joining the HKMA.
Eddie Yue is responsible for monetary management, reserves management and financial infrastructure. Mr Yue began his career as an Administrative Officer in the Hong Kong Government in 1986. He joined the HKMA in 1993 as a Senior Manager, and was subsequently promoted to Division Head in 1994. He has worked in a number of divisions, including Monetary Management, External Relations, and Banking Development, and has served as Administrative Assistant to the Chief Executive of the HKMA. Mr Yue was appointed Executive Director in 2001 and to his present position in September 2007.
Arthur Yuen is in charge of the full range of banking policy, development and supervisory issues at the HKMA. He joined the HKMA in 1996 as Head of Administration and has since taken up different responsibilities including research and liaison on China economic and market development issues before being appointed Head of Banking Supervision in 2000. He took up the position as Executive Director (Banking Development) in July 2004, Executive Director (Banking Supervision) in June 2005 and Executive Director (External) in July 2008. He was appointed to his present position on 1 January 2010.
Stefan Gannon has been General Counsel of the HKMA since its establishment in 1993. A barrister, Mr Gannon was the Legal Adviser to the Monetary Affairs Branch of the Hong Kong Government from 1987 to 1993.
Raymond Li is responsible for the Deposit Protection Scheme, licensing matters, enforcement on securities activities and oversight of clearing and settlement systems. Mr Li joined the Hong Kong Government as an Administrative Officer in 1982 and became Principal Assistant Secretary (Monetary Affairs) in 1990. He was appointed Head (Banking Development) at the HKMA in 1993 and took up the post of Head (Administration) in 1995. He was promoted to Executive Director (Banking Policy) in 1996. Before being appointed to his present position in June 2005, he was Executive Director (Corporate Services).
Edmond Lau is responsible for monetary management and market development. Mr Lau joined the HKMA in 1997 as Head (Banking Development) and has been involved in banking reform and the establishment of the Deposit Protection Scheme. He took up position as Administrative Assistant to the Chief Executive of the HKMA in 2004 after a one-year secondment to the Financial Services and the Treasury Bureau and appointed Executive Director (Strategy and Risk) in June 2005, before appointed to his present position in September 2007. Before joining the HKMA, Mr Lau was an Administrative Officer in the Hong Kong Government.
Christopher Munn is responsible for corporate
development, human resources, administration, finance and information
technology. Mr Munn joined the HKMA in 1998 as Senior Manager (Corporate
Development) and served as Head (Corporate Development) from 1999 to 2005.
Francis Chu is responsible for the investment
management of the Exchange Fund. Mr Chu joined the HKMA in 1995 as a
Senior Manager in the Monetary Operations Division. He was promoted to
Head (Monetary Operations) in 1996. From 2002 to 2004 he was the HKMA’s
Chief Representative in New York. Since returning to Hong Kong in 2004 he
served again as Head (Monetary Operations) before his promotion to the
current position. Before
joining the HKMA, Mr Chu worked for more than 15 years in senior
management and treasury positions in the banking sector in Hong Kong.
Esmond Lee is responsible for financial infrastructure. He joined the HKMA in 1993 as Head (Market Systems). From 1998 to 2000, he was the HKMA's Chief Representative in New York. Since returning to Hong Kong in 2000, he served again as Head (Market Systems) before his promotion to the current position in February 2008. Before joining the HKMA, Mr Lee was a principal economist in the Hong Kong Government.
Karen Kemp has been employed by the HKMA since 1995. She was a Deputy General Counsel in the Office of the General Counsel prior to being appointed to her current post in February 2008. Ms Kemp also served as Deputy Chief Executive Officer of Exchange Fund Investment Limited from 1999 to 2003. Ms Kemp is a solicitor qualified to practise in Hong Kong and in England & Wales. Prior to joining the HKMA, Ms Kemp was employed by Lovells (a firm of solicitors) in London and Hong Kong.
Nelson Man is responsible for banking supervision. He joined the HKMA in 1994 as a senior manager in the Banking Development Division and was involved in the deregulation of the interest rate rules and establishment of the consumer credit reference agency. He was promoted to Division Head in banking supervision in 2000 and was appointed to his present position in July 2008. Before joining the HKMA, Mr Man worked in the Hong Kong Securities and Futures Commission for four years.
Dong He is responsible for research on issues related to monetary and financial stability. He is also Director of the Hong Kong Institute for Monetary Research. Mr He, who holds a PhD degree in Economics from the University of Cambridge, has published research on a wide range of economic matters, particularly macroeconomic and financial market issues in Hong Kong and Mainland China. He previously worked with the World Bank and was a Senior Economist at the International Monetary Fund before joining the HKMA as Head (External) in August 2004. Mr He took up the position as Head (Economic Research) in May 2006 and was appointed to his current position in August 2009.
James Lau has been the Chief Executive Officer of the Hong Kong Mortgage Corporation since July 2004. Mr Lau joined the HKMA in 1993 and became Executive Director (External) in 1994 and Executive Director (Monetary Management and Infrastructure) in 2000. Mr Lau joined the Hong Kong Government as an Administrative Officer in 1979. He was Hong Kong’s Deputy Permanent Representative to the GATT in Geneva from 1986 to 1990 before joining the Office of the Exchange Fund as Assistant Director (Monetary Management) in 1991.
Updated on 14 January 2010
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