The Chief Executive has appointed Alice Law as Managing Director of the Mandatory Provident Fund Schemes Authority, succeeding Diana Chan, the Government announced today.

Ms Law was also named as Deputy Chairperson of the Mandatory Provident Fund Schemes Advisory Committee.

The appointment was made by the Chief Executive according to the Mandatory Provident Fund Schemes Ordinance for a period of three years from July 1.

Ms Law has been working with the authority since July 2012 as an Executive Director and Chief Operating Officer.

She was selected through an extensive search that started in October by a selection panel chaired by Financial Secretary Paul Chan.

Mr Chan said Ms Law has extensive regulatory and public service experience.

"She has played a key role in the implementation of major initiatives to reform the Mandatory Provident Fund System. She has also spearheaded a range of initiatives to improve the corporate governance of trustees to protect the interests of scheme members."

He thanked Diana Chan for leading the authority in developing and improving the MPF system with the launch of the Default Investment Strategy, the implementation of the Employees' Choice Arrangement and the preparation for the development of eMPF.