New role: Eddy Fong is the new Securities & Futures Commission Chairman.

The Chief Executive has appointed Eddy Fong Securities & Futures Commission Chairman for a three-year term from October 20.

Financial Secretary Henry Tang said Mr Fong has profound knowledge of and extensive experience in Hong Kong's financial and securities market and the commission's operation.

"We are confident Mr Fong will enhance the commission's role in maintaining Hong Kong's position as an international financial centre," he said.

The commission's Chief Executive Officer Martin Wheatley said: "Mr Fong is familiar with various aspects of the commission's operations both as a Non-Executive Director and through his direct involvement in the committees. We look forward to Mr Fong's leadership of the board in the next few years in setting the overall directions, policies, strategies, agendas and priorities of the commission."

As a certified public accountant, Mr Fong has been a non-executive director of the commission since 2005. He also chairs the commission's audit committee, reviewing the audit findings and monitoring the effectiveness of the commission's accounting and internal control.