MPFA chief retiring

Diana Chan will become acting MD following Rafael HuiÆs departure.

Rafael Hui, managing director of the Mandatory Provident Fund Schemes Authority MPFA in Hong Kong, is retiring in June. His role will be temporarily handled by Diana Chan, currently co-COO in charge of corporate affairs, policy development and information technology.

Chan will retain her current role as well as assume Hui's responsibilities, she says. I am only standing in for Rafael, she says, noting an attempt to recruit a permanent successor failed to find the right person. She will take the helm for one year, and then another recruitment search will take place.

Hui, who was the last secretary for financial services under British rule, took over the brand-new MPFA in...

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