Senior appointment at the Hong Kong Monetary Authority

Press Releases

23 Mar 2018

Senior appointment at the Hong Kong Monetary Authority

The Hong Kong Monetary Authority (HKMA) announced today (23 March) that the Financial Secretary, on the advice of the Governance Sub-Committee of the Exchange Fund Advisory Committee, has approved the appointment of Mr Clement Lau as Executive Director (Monetary Management) with effect from 27 June 2018.  Mr Lau will take over from Mr Henry Cheng, who has tendered resignation for personal reason with effect from the same date. 

As Executive Director (Monetary Management), Mr Lau will be responsible for HKMA’s work relating to the maintenance of financial and monetary stability through macro-financial surveillance and market operations.  He will also be in charge of the regulatory regime on the licensing and supervision of Stored Value Facilities and the designation and oversight of Retail Payment Systems in Hong Kong.  Mr Lau’s CV is attached.

Commenting on Mr Cheng’s departure, Mr Norman Chan, Chief Executive of the HKMA, said, “We are sorry to lose Henry, who has been with the HKMA for 22 years and has made numerous contributions to the work of the HKMA.  I wish him the very best in his future endeavours.” 

 

Hong Kong Monetary Authority
23 March 2018 

 

CV

Clement Lau
Clement Lau
Mr Lau holds a Bachelor of Finance degree and a Master of Economics degree from the University of Hong Kong.  Mr Lau joined the HKMA in 2013 as a Division Head.  He has been in charge of the Retail Payment Oversight Division since July 2017.  He previously served in the Corporate Development Division and the External Department of the HKMA.

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Last revision date : 23 March 2018