The Chief Executive's Committee

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 was appointed as Deputy Chief Executive from 1 November 2022, and is responsible for overseeing the work of External, Monetary Management and Research departments.  Mr Chan joined the HKMA as Executive Director (Corporate Services) in February 2013 and took up the post of Executive Director (External) in August 2019.  Before joining the HKMA, 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.

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.

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 the supervision of authorized institutions to promote banking stability.  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, Executive Director (Banking Conduct) in September 2014 and Executive Director (Enforcement and AML) in December 2017 before her current position in April 2024.

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. 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 joined the HKMA in 1994 and has over 30 years of experience in banking supervision.  He was appointed Executive Director (Banking Supervision) in 2016 before taking up his current position in 2024.  Raymond played a pivotal role in implementing a series of reforms in the banking sector between 1998 and 2006, including deregulation of the interest rates rules, the introduction of consumer and commercial credit data sharing and the establishment of a deposit protection scheme.  As Executive Director (Banking Supervision), he has strengthened the HKMA’s supervisory framework over financial and operational resilience and enhanced the forward-lookingness of banking supervision.  He was instrumental in promoting fintech development and rolled out a series of initiatives to speed up fintech adoption, such as the Fintech Supervisory Sandbox, the introduction of full digital banks and the implementation of the “All banks go Fintech” initiative.  He established the Banking Sector SME Lending Coordination Mechanism, through which the HKMA supports SME financing.  Raymond 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. 

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, and subsequently to Executive Director in 2017. Before he took up the current position on 6 November 2023, Mr Ho had worked in various functional areas of the HKMA including banking policy, 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.

Donald Chen has been appointed as Executive Director (Banking Policy) since December 2023, and is responsible for the formulation of supervisory policies of the banking sector, enhance the capacity building of industry practitioners, and take charge of the deposit protection function.   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.  He was promoted as Executive Director (Corporate Services) in 2021 to oversee corporate development, media relations and public engagement, human resources, administration, finance, information technology and digitalisation work in the HKMA.  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.  He 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.

Kenneth Hui is the Executive Director (External) of the Hong Kong Monetary Authority (HKMA), responsible for promoting the development of Hong Kong as an international financial centre, advancing Mainland-Hong Kong financial cooperation, and overseeing the HKMA's participation in international forums and organisations.

Mr Hui joined the HKMA as Senior Manager (Market Development) in February 2017 and took up the role of Head (Market Development) in March 2020 with responsibilities in the formulation and implementation of various initiatives to promote the development of Hong Kong's financial sector.

Prior to joining the HKMA, Mr Hui was a Senior Manager in Investment Products Division of the Securities and Futures Commission, where he specialised in regulatory policies on retail funds and innovative retail investment products.

Mr Archie Ng holds a Bachelor of Social Sciences degree in Government and Laws and a Master of Economics degree from the University of Hong Kong. He joined the HKMA in 2014 as Senior Manager, and was appointed as Division Head in 2017. He worked in a number of functional areas of the HKMA, including corporate development, external affairs and banking supervision. Prior to joining the HKMA, Mr Ng was an Administrative Officer in the HKSAR Government.