People Moves

HKEX CEO Li to retire early at yearend after busy 11-year stint

COO Calvin Tai to be interim chief with effect from Jan. 1. Exchange operator says it has made ‘considerable progress’ in search for new CEO.

The Hong Kong stock market operator this week said long-time Chief Executive Charles Li plans to retire early from his current role, and will be replaced by Co-President and Chief Operating Officer Calvin Tai as interim CEO.

Li, a former banker who helped bolster the scale of Hong Kong Exchanges Clearing’s operations by sharpening the exchange's appeal as a bridge between mainland China and global investors, had in May said he won’t seek a reappointment beyond his current contract, which ends in October 2021. At a meeting on Tuesday, he informed the HKEX’s board of his desire to retire at the end of this year.


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