The Chief Executive's Committee
The role of the Committee, which meets once a week, is to report to the Chief Executive on the progress of major tasks being undertaken by the various departments of the HKMA and to advise him on policy matters relating to the operations of the Monetary Authority.
Norman T.L. CHAN, GBS, JP
|DEPUTY CHIEF EXECUTIVE
Eddie YUE, JP
|DEPUTY CHIEF EXECUTIVE
Arthur YUEN, JP
SENIOR EXECUTIVE DIRECTOR
|SENIOR EXECUTIVE DIRECTOR /
CHIEF EXECUTIVE OFFICER OF
HONG KONG MORTGAGE CORPORATION
Raymond LI, JP
Stefan GANNON, JP
|EXECUTIVE DIRECTOR (RESERVES MANAGEMENT)
Francis CHU, JP
|EXECUTIVE DIRECTOR (BANKING POLICY)
Karen KEMP, JP
|EXECUTIVE DIRECTOR (ENFORCEMENT AND AML)
Meena DATWANI, JP
|EXECUTIVE DIRECTOR (BANKING CONDUCT)
Carmen CHU, JP
|EXECUTIVE DIRECTOR (EXTERNAL)
Vincent LEE, JP
|EXECUTIVE DIRECTOR (MONETARY MANAGEMENT)
Henry CHENG, JP
|EXECUTIVE DIRECTOR (CORPORATE SERVICES)
Darryl CHAN, JP
|EXECUTIVE DIRECTOR (RISK AND COMPLIANCE)
Grace LAU, JP
|EXECUTIVE DIRECTOR (RESEARCH)
Lillian CHEUNG, JP
|EXECUTIVE DIRECTOR (BANKING SUPERVISION)
|EXECUTIVE DIRECTOR (FINANCIAL INFRASTRUCTURE)
Norman Chan was appointed Chief Executive of the Hong Kong Monetary Authority (HKMA) on 1 October 2009. Mr Chan joined the Hong Kong Government as an Administrative Officer in 1976 and became Deputy Director (Monetary Management) of the Office of the Exchange Fund in 1991. He was appointed an Executive Director of the HKMA when it was established in 1993. From 1996 to 2005, Mr Chan served as Deputy Chief Executive of the HKMA. During his 12 years with the HKMA, Mr Chan steered a number of major financial policies and initiatives, including the development of Hong Kong's financial infrastructure, the introduction of renminbi banking services in Hong Kong and the financial co-operation among central banks in the Asian region. He played a key role in the Government market operations in 1998 that helped maintain the stability of Hong Kong's financial system.
From December 2005 to June 2007, Mr Chan was Vice Chairman, Asia of Standard Chartered Bank. Prior to rejoining the HKMA, Mr Chan was Director of the Chief Executive's Office of the Hong Kong Special Administrative Region Government from July 2007 to July 2009. He was the Founding Chairman of the policy think tank, the Bauhinia Foundation Research Centre established in 2006.
Eddie Yue is responsible for reserves management, external affairs and research. Mr Yue began his career as an Administrative Officer in the Hong Kong Government in 1986. He joined the HKMA in 1993 as a Senior Manager, and was subsequently promoted to Division Head in 1994. He has worked in a number of divisions, including Monetary Management, External Relations, and Banking Development, and has served as Administrative Assistant to the Chief Executive of the HKMA. Mr Yue was appointed Executive Director in 2001 and to his present position in September 2007.
Arthur Yuen is in charge of the full range of banking policy, development and supervisory issues at the HKMA. He joined the HKMA in 1996 as Head of Administration and has since taken up different responsibilities including research and liaison on China economic and market development issues before being appointed Head of Banking Supervision in 2000. He took up the position as Executive Director (Banking Development) in July 2004, Executive Director (Banking Supervision) in June 2005 and Executive Director (External) in July 2008. He was appointed to his present position on 1 January 2010.
Howard Lee is responsible for monetary management, financial stability surveillance and financial infrastructure including payment systems. He also oversees the HKMA’s Fintech Facilitation Office. He joined the HKMA in 2009 as a Division Head in the Banking Policy Department. He also worked in the Corporate Development Division before his appointment as Executive Director (Corporate Services) in 2010. He took up the position of Executive Director (Monetary Management) in May 2013 before he was appointed to his current position on 26 February 2016. Prior to joining the HKMA, Mr Lee was an Administrative Officer in the Hong Kong SAR Government and had worked in different policy bureaux and departments with responsibilities for policy formulation, regulatory issues, and administration.
Raymond Li is seconded to the Hong Kong Mortgage Corporation as its Chief Executive Officer. Mr Li joined the Hong Kong Government as an Administrative Officer in 1982 and became Principal Assistant Secretary (Monetary Affairs) in 1990. He was appointed Head (Banking Development) at the HKMA in 1993 and was promoted to Senior Executive Director in 2016. Before being appointed to his present position, Mr Li was Director-General (Enforcement).
Stefan Gannon has been General Counsel of the HKMA since its establishment in 1993. A barrister, Mr Gannon was the Legal Adviser to the Monetary Affairs Branch of the Hong Kong Government from 1987 to 1993.
Francis Chu is responsible for the investment management of the Exchange Fund. Mr Chu joined the HKMA in 1995 as a Senior Manager in the Monetary Operations Division. He was promoted to Head (Monetary Operations) in 1996. From 2002 to 2004 he was the HKMA's Chief Representative in New York. Since returning to Hong Kong in 2004 he served again as Head (Monetary Operations) before his promotion to the current position. Before joining the HKMA, Mr Chu worked for more than 15 years in senior management and treasury positions in the banking sector in Hong Kong.
Karen Kemp has been employed by the HKMA since 1995. She was a Deputy General Counsel in the Office of the General Counsel prior to being appointed to her current post in February 2008. Ms Kemp also served as Deputy Chief Executive Officer of Exchange Fund Investment Limited from 1999 to 2003. Ms Kemp is a solicitor qualified to practise in Hong Kong and in England & Wales. Prior to joining the HKMA, Ms Kemp was employed by Lovells (a firm of solicitors) in London and Hong Kong.
Meena Datwani is responsible for overseeing the enforcement function of the HKMA including handling of complaints against authorized institutions as well as the supervision of the anti-money laundering and financial crime risk management by authorized institutions. She also sits on the board of directors of the Financial Dispute Resolution Centre. She worked in the Office of the General Counsel as a Deputy General Counsel before her appointment as Executive Director (Banking Conduct) in 2010 and Director-General (Enforcement) in 2014. She was appointed to her current position on 26 February 2016. Ms Datwani is qualified to practise as a solicitor in Hong Kong, England and Wales and Australian Capital Territory. Prior to joining the HKMA in 1995, Ms Datwani was a senior lawyer in the Hong Kong Government.
Carmen Chu is responsible for the supervision and development of business conduct of authorized institutions, licensing matters, and oversight of financial market infrastructures. She joined the HKMA in 1994 as a Manager Trainee, and has taken up different responsibilities in the HKMA, including research and monetary operations. She was seconded to the World Bank Office in Beijing from 1998 to 1999. Since then she has mainly been involved in international and regional financial cooperation initiatives as well as renminbi business development in Hong Kong. She was appointed as Executive Director (External) in April 2010 and took up her current position in September 2014.
Vincent Lee has been appointed to the present position since September 2014 with responsibilities for promoting Hong Kong's international financial centre development, RMB business, and policies at international forums to advance financial stability. He is also Deputy Director of the Infrastructure Financing Facilitation Office, which he helped set up. Mr Lee joined the HKMA in 1994 after graduation from London School of Economics. Previously, he worked on areas including prudential and conduct regulation of banks, deposit protection, consumer education, the setting up of Hong Kong Mortgage Corporation, and served as Administrative Assistant to Chief Executive, HKMA (2001-2004) and Chief Representative, New York and London Offices (2005-2007). Prior to this appointment, Mr Lee was Director-General (Enforcement) (2013-2014).
Henry Cheng is responsible for monetary management. He joined the HKMA in 1996 in the Banking Supervision Department and was promoted as the chief representative of the New York Office in 2007. After returning to Hong Kong in 2009, he took up responsibilities as the Head of various divisions within the HKMA, including banking supervision, banking policy and financial stability surveillance. He took up the position as Executive Director (Banking Supervision) in April 2013 and was appointed to his present position on 26 February 2016.
Darryl Chan is responsible for corporate development, human resources, administration, finance, information technology and communication strategy. Prior to taking up the current position in April 2013, Mr Chan was an Administrative Officer in the Hong Kong SAR Government and had worked in different policy bureaux and departments on policy formulation and administration.
Grace Lau is responsible for the oversight of investment risks and other risk-generating activities across the HKMA. Ms Lau joined the HKMA as Manager in 1994 and was promoted to the rank of Division Head in 2000. She worked in various functional areas of the HKMA including monetary policy, economic and market research, market systems policy, banking development and securities enforcement before taking up the present position in January 2015.
Lillian Cheung is responsible for research on issues related to monetary and financial stability. She is also Director of the Hong Kong Institute for Monetary Research. Ms Cheung holds a PhD in Economics from the University of Wollongong, Australia. She first joined the HKMA as Manager in 1998 and was promoted to Division Head in 2010, in charge of research relating to macroeconomic and financial stability issues. She was appointed to her present position in April 2015.
Raymond Chan holds a Bachelor of Social Sciences degree in Economics from the University of Hong Kong and a Master of Science degree in banking from the City University of Hong Kong. He joined the HKMA in 1994 as Assistant Manager of the Banking Supervision Department, and had worked in the Banking Policy Department and the Banking Development Department. He was promoted as Senior Manager in 2000 and Division Head in 2004. As Division Head, Mr Chan served in the Senior Executives’ Office as an administrative assistant, and subsequently headed the finance function of the Corporate Services Department and a division of the Banking Supervision Department. He took up his present position on 26 February 2016.
Mr. Li holds a Bachelor degree and a Master degree of Science in Technology from the Victoria University of Manchester. He joined the HKMA in 2001 as a consultant at Division Head level to help develop and set up the supervisory framework for e-banking, technology risk management and business continuity planning of authorized institutions. Mr. Li took up his present position as Head (Financial Infrastructure Development) in 2010, and is responsible for maintaining the leading status of Hong Kong as a regional payment hub, by implementing a safe and efficient multi-currency and multi-dimensional financial infrastructure, and coordinating with overseas central banks on cross-border financial infrastructure development projects.