News

HKEX appoints interim head

Hong Kong Stock ExchangeThe Hong Kong Stock Exchange (HKEX) has appointed co-president and chief operating officer Calvin Tai as interim chief executive after the retirement of Charles Li. Li has led the exchange since 2009 during which time its market value has grown from $2.3 trillion to $5.9 trillion, the number of listed companies has almost doubled and the share price has nearly tripled. In 2014, Li helped launch Stock Connect, an initiative which linked the exchange to the Chinese mainland market, granting foreign investors greater access to Chinese stocks. However, Li also failed in an attempt to acquire the London Stock Exchange in October 2019 when his $39 billion bid was rejected by LSE management. Li’s departure was announced in May 2020 and he was due to carry on until October 2021 but decided to leave before the end of his contract.  Tai will act as chief executive for six months and continue in his other roles at the exchange during that time. Tai has been at HKEX for more than 20 years. He previously worked for HSBC and Royal Bank of Canada. © 2021 funds global asia

Executive Interviews

Executive interview: PGIM CEO on where the ESG flowers should bloom

Sep 27, 2021

David Hunt, president and chief executive of PGIM, tells Romil Patel about leading a top 10 global asset manager in times where “empowering and encouraging the kind of investment decisions as...

Executive interview: Nicolas Moreau’s orderly transition

Jul 12, 2021

Nicolas Moreau, CEO of HSBC Asset Management, is moving to Asia as the firm looks to connect more directly with the region’s growth story. ESG is also a key focus – including the ‘just’ carbon...

Roundtables

Roundtable: Singapore comes of age as an Asian ESG hub

Dec 01, 2021

Strong ESG credentials strengthen the case for Singapore as a leader in Asia of the post-Covid recovery. Our panel discusses the risks and opportunities.

Roundtable: How well geared are Japanese assets for a new world?

Jul 12, 2021

As we prepare to emerge from Covid, experts look at overcoming demographic issues through a combination of good tech and corporate governance, improving productivity and meeting an ambitious government carbon emissions reduction target. Chaired by Romil Patel.