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The Mortgage Corporation has appointed Choi Yiu-kwan as its Executive Director, replacing Norman Chan with immediate effect.
Mr Choi is Monetary Authority Deputy Chief Executive responsible for monetary and reserves management, financial infrastructure, and strategy and risk. He joined the authority as Head (Banking Policy) in 1993 and became Executive Director in 1995.
Before joining the authority he served in the Office of the Commissioner of Banking from 1974 and became Assistant Commissioner of Banking in 1990 after a one-year secondment to the Bank of England.
In 1991, he was seconded to the Office of the Exchange Fund with responsibility for monetary issues, including the maintenance of currency stability and the introduction and development of the Exchange Fund Bills & Notes Programme.
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