The Treasury Markets Association (TMA) held its first Annual General Meeting (AGM) today (Monday). At the meeting, Chairman of the Executive Board and Deputy Chief Executive of the Hong Kong Monetary Authority (HKMA) Mr Choi Yiu-kwan reported that the TMA made significant progress in the past year to promote the professionalism and competitiveness of the treasury markets in Hong Kong.
The TMA has established a broad membership base: more than 70 institutional members including banks, investment banks, money brokers, fund management houses, insurance companies, and over 2,000 individual members who are mostly working in various segments of the treasury markets such as foreign exchange, bonds or derivatives.
"The strong membership has provided a solid foundation for the TMA to spearhead its initiatives in developing the treasury markets and products, enhancing the professionalism of market practitioners, and promoting the profile of Hong Kong as a regional hub for treasury businesses," said Mr Choi.
Chief Executive of the HKMA Mr Joseph Yam will continue to serve as the Honorary President of the Council while Mr Choi will continue to serve as the Chairman of the Executive Board. The AGM elected Mr Water Cheung, Mr Lawrence Lam and Mr Philip Lau as new Board Members. The Executive Board meeting held immediately after the AGM appointed Mr Lim Sim Seng and Mr Eiichi Yoshikawa as new Council Members. The composition of the Executive Board and the Council of the TMA is annexed.
The TMA published its Annual Report for 2006 today. It reviews the activities and achievements of the Association during the year. The Report is available on the TMA website www.tma.org.hk.
Treasury Markets Association
30 April 2007
Annex A
Executive Board (with effect from 30 April 2007)
Chairman
Mr Choi Yiu-kwan, HKMA
Members:
Mr Wilson Chan, Industrial and Commercial Bank of China (Asia) Limited
Mr Water Cheung, DBS Bank Limited (new member)
Mr Andrew Fung, Hang Seng Bank Limited
Ms Anita Fung, The Hongkong and Shanghai Banking Corporation Limited (also Chairman of Market Development Committee)
Mr Patrick Gillot, Standard Chartered Bank (Hong Kong) Limited
Mr Lawrence Lam, The Royal Bank of Scotland (new member, also Chairman of Market Practices Committee)
Mr Philip Lau, CITIC Ka Wah Bank (new member)
Mr Benny Luk, ICAP (Hong Kong) Limited
Mr Eric Nicolas, BNP Paribas Hong Kong Branch
Mr Peter Pao, Tullett Prebon (Hong Kong) Limited
Mr Peter Poon, The Bank of East Asia, Limited
Mr Yoshinobu Sasaki, The Bank of Tokyo-Mitsubishi UFJ (also Chairman of Finance and Administration Committee)
Ms Glenda So, Goldman Sachs (Asia) LLC
Mr Eddie Tan, Citibank, N.A., Singapore Branch
Ms Helen Wong, The Hongkong and Shanghai Banking Corporation Limited (also Chairman of Professional Membership Committee)
Mr Peter Wong, AIG
Ms Dai Ying, Bank of China (Hong Kong) Limited (also Chairman of External Affairs Committee)
Mr Eddie Yue, HKMA
Ms Kitty Lai, HKMA
Outgoing Members:
Mr Edmund Ng, JP Morgan Chase Bank, N.A.
Mr Anthony Yuen, The Royal Bank of Scotland
Annex B
Council (with effect from 30 April 2007)
Honorary President:
Mr Joseph Yam, HKMA
Ex-officio Member:
Mr Choi Yiu-kwan, HKMA
Council Members:
Professor K C Chan, Hong Kong University of Science & Technology
Mr Vincent Cheng Hoi-chuen, The Hongkong and Shanghai Banking Corporation Limited
Mr Carlos A Cordeiro, Goldman Sachs (Asia) LLC
Mr He Guangbei, Bank of China (Hong Kong) Limited
Dr The Honourable David Li Kwok Po, The Bank of East Asia Limited
Mr Lim Sim Seng, Citibank, N.A., Hong Kong Branch (new member)
Mr Michel Louis Macagno, Societe Generale Bank
Mr Geoffrey J. Mansfield, PrimeCredit Limited
Mr Nicholas Sallnow-Smith, The Link Management Limited
Mr Peter Sullivan, Standard Chartered Bank (Hong Kong) Limited
Mr Martin Wheatley, Securities & Futures Commission
Mr Eiichi Yoshikawa, The Bank of Tokyo-Mitsubishi UFJ, Hong Kong Branch (new member)
Outgoing Members:
Mr Toshiaki Arai, The Bank of Tokyo-Mitsubishi UFJ, Hong Kong Branch Mr T C Chan, Ignatius, Citibank, N.A., Hong Kong Branch
