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The Financial Secretary has appointed Choi Yiu-kwan as Monetary Authority Deputy Chief Executive, Edmond Lau as Executive Director for Strategy & Risk and Christopher Munn as Executive Director for Corporate Services, effective June 1.
The Monetary Authority also announced the re-organisation of responsibilities at the Deputy Chief Executive level.
Mr Choi, who is currently Executive Director for Banking Supervision, will be responsible for monetary management, financial infrastructure, reserves management, and strategy and risk after taking up the Deputy Chief Executive post.
The responsibilities for external affairs and corporate services at the Deputy Chief Executive level will be taken up by Peter Pang, who will also retain responsibility for research.
William Ryback will continue to be responsible at the Deputy Chief Executive level for banking policy, development and supervision.
The position of Executive Director for Strategy & Risk will be formed by reactivating a frozen Executive Director post. This position will enable the HKMA to focus on broader strategic planning and risk management in an increasingly complex and unpredictable financial environment.
The new position will help the authority examine more deeply, and develop strategic responses to, the impact on its policies and operations of such processes as the globalisation and liberalisation of financial markets and technological change.
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