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.
Mr Eddie Yue was appointed Chief Executive of the Hong Kong Monetary Authority (HKMA) from 1 October 2019. He began his career as an Administrative Officer in the Hong Kong Government in 1986. He joined the HKMA upon its establishment in 1993 and was promoted to Division Head a year later. He was appointed Executive Director in 2001 and subsequently Deputy Chief Executive in 2007 before taking up his current position.
Mr Yue has participated in numerous areas of the HKMA’s work. During his tenure as Deputy Chief Executive, he steered major policies and initiatives relating to reserves management, research, external affairs and market development. Mr Yue was also actively involved in tackling major financial crises and played an instrumental role in enhancing the Linked Exchange Rate System.
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 reserves management, financial infrastructure and fintech. He is also an Executive Director of the Hong Kong Mortgage Corporation Limited. He joined the HKMA in 2009 as a Division Head and has worked in various areas including monetary management, financial stability surveillance, corporate services and banking policy. He was appointed as a Deputy Chief Executive on 1 January 2018. Prior to joining the HKMA, Mr Lee worked in the Hong Kong SAR Government in areas relating to economic development, financial services and other public policies.
Mr Darryl Chan joined the HKMA as Executive Director (Corporate Services) in February 2013 and took up the post of Executive Director (External) since August 2019 with responsibilities for promoting Hong Kong’s international financial centre development, offshore RMB business, and policies at international forums to advance financial stability. Mr Chan was appointed as Deputy Chief Executive from 1 November 2022, and is responsible for overseeing the work of External, Monetary Management and Research departments.
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 is currently Special Adviser to CE. Before taking up the current position, Mr Gannon was the Commissioner of the Resolution Office from 2017 to 2021 and served as the General Counsel of the HKMA from 1993 to 2017. 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.
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.
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.
Clara Chan is responsible for the 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 licensing and supervision of Stored Value Facilities and the designation and oversight of Retail Payment Systems in Hong Kong. She joined the HKMA in 2010 as a Manager in the Reserves Management Department, and was promoted as Senior Manager in 2012 and as Division Head in 2015. Ms Chan was appointed the Chief Investment Officer (Private Markets) in the Exchange Fund Investment Office in 2018, before taking up the current position on 17 October 2020. Prior to joining the HKMA, she was an Administrative Officer in the Hong Kong SAR Government from 2004 to 2010, covering subjects including home affairs, transport and financial services. She is also a barrister admitted by the High Court of Hong Kong.
Donald Chen has been appointed as Executive Director (Corporate Services) since November 2021, and is responsible for corporate development, media relations and public engagement, human resources, administration, finance, information technology and digitalisation work in the HKMA. Mr Chen holds a Bachelor of Social Science degree in Government & Public Administration from the Chinese University of Hong Kong and a Master of Public Administration degree from the Harvard University. Mr Chen joined the HKMA in 2020 as Senior Advisor in the External Department and has been involved in market outreach and Mainland-related market development work. Prior to joining the HKMA, Mr Chen served as an Administrative Officer in the HKSAR with policy formulation and public administration experience in different areas of work.