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Appointments of chairperson and panel members to Resolvability Review Tribunal and Resolution Compensation Tribunal
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The Chief Executive has appointed Mr Jonathan Chang Tien-yin, SC, as the chairperson of the Resolvability Review Tribunal (RRT) and the Resolution Compensation Tribunal (RCT) for a term from April 1, 2024, to March 31, 2027. The Chief Executive has also appointed 15 new members and reappointed two serving members to the panel of the RRT; and appointed 15 new members and reappointed three serving members to the panel of the RCT for a term from April 1, 2024, to March 31, 2026.
The list of members of the RRT and the RCT panels for the new term is as follows:
RRT
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New appointees
Mr Anthony Cheung Chun-yue
Mr Paul Chow Koon-ying
Mr Rix Chung Kwok-fai
Mr Praveen Mohan Daswani
Professor Hui Kai-lung
Dr Jia Hongrui
Mr Gavin Lam Chi-wai
Mr Roy Leung Sze-kit
Ms Janet Li Tze-yan
Mr Mak Kwong-fai
Dr Annie Mok Yuet-ngo
Ms Fion Ng Siu-mui
Mr Tommy So Chung
Ms Peggy Tse Pui-kei
Ms Fonia Wong Yeung-fong
Reappointed members
Ms Sammy Koo Chi-sum
Mr Alexander Tang Hing-lam
RCT
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New appointees
Dr Butt Yiu-yu
Professor Alex Chan Wing-ho
Ms Lorna Chen Xin
Mr Steve Chong Wai-ming
Ms Fang Xin
Ms Candy Fong Wai-ling
Mr Byron Khoo
Ms Sophia Lee Shuk-woon
Ms Jasmine Lee Shun-yi
Ms Orchis Li Tzy-lan
Ms Angie Li Yick-yee
Mr Kevin Liem Chi-kit
Mr Eugene Liu
Mr Wiley Pun Wang-fung
Ms Tiffany Wong Wing-sze
Reappointed members
Mr Eric Hui Kam-kwai
Mr Garth Brian Jones
Mr Jackson Woo Ka-biu
Welcoming the above appointments today (March 28), the Secretary for Financial Services and the Treasury, Mr Christopher Hui, said, "The RRT and the RCT strengthen the appellate mechanism under the resolution regime and provide an effective safeguard to ensure that the relevant decisions made by the resolution authorities and independent valuer are reasonable and fair. We are confident that Mr Jonathan Chang Tien-yin, SC, with his expertise and extensive experience, will contribute to the effective operation of the two Tribunals. Members of the RRT and the RCT come from different professions and will provide wise counsel on the work of the two Tribunals with their expertise and diverse backgrounds."
Mr Hui also thanked the outgoing chairperson of the RRT and the RCT, Mr Anson Wong Man-kit, SC, as well as the outgoing members of the two Tribunals.
The RRT and the RCT are statutory tribunals established under the Financial Institutions (Resolution) Ordinance (Cap. 628) to hear appeals from persons aggrieved by the specified decisions made by the resolution authorities and independent valuer. The Monetary Authority, the Insurance Authority and the Securities and Futures Commission are the resolution authorities under the Ordinance and are vested with a range of powers to effect orderly resolution for maintaining the stability of the financial system of Hong Kong. An independent valuer decides whether any pre-resolution creditor or shareholder is eligible for a payment of compensation.
Ends/Thursday, March 28, 2024
Issued at HKT 11:15
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