Bonnie Y Chan, a heavyweight in Hong Kong’s financial industry, will return to Hong Kong Exchanges and Clearing Limited (HKEX) as its new Head of Listing. This was made public with an announcement from HKEX.
Ms. Chan will officially join HKEX in January 2020 and assume full control of the Listing Department. She’s succeeding David Graham, another heavyweight that will retire when this year is over. Ms. Chan will answer directly to HKEX’s Chief Executive Officer, Charles Li. Added to that, she will become a member of the Group’s Management Committee.
Ms. Chan will be in charge of the listing function within HKEX. She will handle things like its policy development, strategic planning, relationship with the regulators, market consultations, and many other key problems.
A Brief History
Ms. Chan could easily be considered one of the heavyweights in Hong Kong’s financial sector. She holds a Master of Laws from Harvard Law school, as well as a Bachelor of Laws from the University of Hong Kong. She is a member of the Board of Inland Revenue and served as a council member for the Financial Services Development Council from 2015 to 2018. She was appointed to the Board of Directors within it, in January this year.
Among her numerous awards and legal nominations of her career, she was recognized as one of the IFLR100 Woman’s Leaders of 2019
HKEX’s CEO, Charles Li, had released a statement where he thanked David Graham for his time with the company. Li stated that Graham had made many contributions within the almost seven years that he served HKEX. He cited things like the listing reforms and the mutual market access programme as one the most important one among many consultations and rule changes. Li wanted to wish him well with his post-retirement ventures, both on the company’s behalf, and personally as a work colleague.
As he said goodbye to one Head of Listing, he welcomed the other back into the fold. He stated that she brought a wealth of market, legal, and regulatory experience to the company. Li noted that he was looking forward to working with her, intending to advance and strengthen Hong Kong’s equity listing franchise.
Many people are keen to harken a narrative that goes along the lines that women have fewer rights than men, and they are less successful than men because of it. While that may have been true in an older era, Chan shows that such a time has passed for most of the world. This success even comes in spite of Hong Kong’s ongoing political turmoil, with the Hong Kong public going in direct opposition with the government. As political upheaval continues, it will be interesting to see how HKEX fares.