The role of the Committee is to report to the Chief Executive of the HKMA 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 HKMA.
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 areas, including Monetary Management, External, 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, supervision, conduct, and enforcement 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 and was promoted to Senior Executive Director in February 2016 before he was appointed to his current position on 1 January 2018. 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 heads the Resolution Office established on 1 April 2017. Before taking up the current position, Mr Gannon had 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 before her appointment as Executive Director (Banking Policy) in February 2008, and was appointed to her current position on 1 April 2017. 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.
Carmen Chu is responsible for overseeing the enforcement function including the Complaint Processing Centre of the HKMA as well as the supervision of the anti-money laundering and financial crime risk management by authorized institutions and stored value facility licensees. She also sits on the board of directors of the Financial Dispute Resolution Centre. Carmen 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 Executive Director (External) in April 2010 and Executive Director (Banking Conduct) in September 2014 before her current position in December 2017.
Darryl Chan has been appointed as Executive Director (External) since August 2019 with responsibilities for promoting Hong Kong's international financial centre development, RMB business, and policies at international forums to advance financial stability. He is Deputy Director of the Infrastructure Financing Facilitation Office. Currently he also holds the position of Executive Director (Corporate Services), responsible for corporate development, human resources, administration, finance, information technology and communication strategy. Prior to joining the HKMA 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.
Daryl Ho holds a Bachelor of Social Science degree in Economics and a Master of Philosophy degree in Economics from the Chinese University of Hong Kong. He joined the HKMA as a Senior Manager in 2001 and was promoted to the rank of Division Head in 2009. Before he took up his present position on 1 April 2017, Mr Ho had worked in various functional areas of the HKMA including financial stability surveillance, economic research, monetary operations and market development.
Alan Au is responsible for the supervision and development of business conduct of banks, bank licensing matters, and oversight of financial market infrastructures. Mr Au joined the HKMA in 2010 as Division Head of the Corporate Development Division. He also served as Administrative Assistant to the Chief Executive of the HKMA and worked in the Banking Supervision Department as Division Head, before taking up the present position on 12 December 2017.
Clement Lau is responsible for HKMA’s work relating to the maintenance of financial and monetary stability through macro-financial surveillance and market operations, as well as the regulatory regime on the licensing and supervision of Stored Value Facilities and the designation and oversight of Retail Payment Systems in Hong Kong. He 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. Before taking up the present position on 27 June 2018, he was in charge of the Retail Payment Oversight Division and had also previously worked in the External Department and Corporate Services Department.
Mr Pou holds a Bachelor of Social Sciences degree in Economics from the Chinese University of Hong Kong. Mr Pou joined the HKMA in 1994 as an Assistant Manager. He was promoted as Manager in 1997, as Senior Manager in 2000 and as Division Head in 2008. Mr Pou has worked in different areas of HKMA’s work including banking supervision, banking policy, banking development, monetary operations and payment system operations. Mr Pou was seconded to The Hong Kong Mortgage Corporation Limited (HKMC) during 2015 to 2018 to oversee HKMC's general insurance business, before taking up the present position on 29 October 2018.