jp-morgan-banker-named-new-ceo-at-hkex

J.P. Morgan banker named new CEO at HKEx

Once an oil driller in the north China sea, senior banker Charles Li will be the first mainland Chinese person to head the Hong Kong stock exchange when Paul Chow retires in January.

Hong Kong Exchanges and Clearing HKEx announced yesterday that Charles Li, currently a China-focused senior investment banker at J.P. Morgan, will take over as its new chief executive when Paul Chow retires in January next year. The appointment, which has been approved by the Securities and Futures Commission, confirms leaks about Li's new job to the local Hong Kong press in mid-May.

Li will join HKEx, which operates Hong Kong's stock and futures exchanges, on October 16 and work alongside Chow for three months to ensure a smooth transition. He will officially take over as CEO and an ex-officio member of the board of directors on January 16, 2010. Chow will retire...

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