HKEx Appoints Chief Administrative Officer
Hong Kong Exchanges and Clearing Limited (HKEx) has created a Chief Administrative Officer (CAO) position to oversee its major projects, Administration Department and Human Resources Department. The CAO will be a member of the Senior Management Committee and report directly to the Chief Executive.
HKEx has appointed Joseph Meyer as its first CAO. He is expected to join the organisation in late June.
Mr Meyer has 30 years of experience in the financial services industry. His most recent position was Representative Director of Chi-X Japan, where he was responsible for the launch of an Alternative Trading System for trading listed equity securities in Japan. He also has served as Chief Operating Officer (COO) of Shinsei Bank’s institutional banking division in Tokyo, Global COO for Deutsche Asset Management’s Insurance Asset Management group in New York and COO of Deutsche Securities’ equities division in Tokyo. Mr Meyer’s other experience includes various roles with Morgan Stanley in Hong Kong, New York and Tokyo.
“As we approach the halfway point of our 2010-12 Strategic Plan, there are several major projects, including the introduction of OTC Clearing (the clearing of derivatives traded in Hong Kong’s over-the-counter, or OTC, market) and Hosting Services, major IT upgrades and the completion of our Next Generation Data Centre, that require organisation-wide coordination to ensure success and the least disruption to our existing operations as well as our Participants and other stakeholders,” said HKEx Chief Executive Charles Li.
“With his extensive background in the financial services industry and recent experience heading up Chi-X Japan, Joseph is very well equipped for our new CAO position and the important responsibilities he will have with us,” Mr Li added.
Mr Meyer has a Bachelor of Arts degree in Government and East Asian Studies from Colby College in the US, and he was a Thomas J Watson Fellow after his graduation from Colby.