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Press Releases

Senior Appointments at the Hong Kong Monetary Authority

The Hong Kong Monetary Authority (HKMA) today (Thursday) announced that the Financial Secretary, following the advice of the Governance Sub-Committee of the Exchange Fund Advisory Committee, has approved the appointment of Mr Raymond Li, an existing Executive Director, as Director-General, Enforcement, and the new appointments of Ms Meena Datwani, Ms Carmen Chu, and Mr Howard Lee as Executive Directors. The appointments of Mr Li, Ms Datwani, and Ms Chu will take effect on 1 April 2010; Mr Lee's appointment will take effect on 26 April 2010.

With effect from 1 April 2010, the three banking departments of the HKMA will be reorganised into four departments by reshuffling of functions in order to manage a more complex and demanding workload of the HKMA's banking supervision and development work. The details are shown in the organisation chart attached. The new Enforcement Department will take over from the Banking Development Department responsibility for securities enforcement and complaints-handling functions. This arrangement will ensure full-time attention at the senior level to the handling of the disciplinary processes arising from the completion of the investigation into most of the Lehman-related complaints, and to the investigation and processing of non-Lehman-related complaints.

The original Banking Development Department will be renamed the Banking Conduct Department, and will, in addition to its existing responsibilities for deposit protection, payment systems oversight, licensing and settlement, take over from the Banking Supervision Department and the Banking Policy Department all supervisory and development functions relating to the business conduct of authorized institutions.

Mr Raymond Li will take up the appointment as Director-General, Enforcement. Mr Li is currently Executive Director of the Banking Development Department responsible for the Deposit Protection Scheme, licensing matters, enforcement on securities activities, and oversight of clearing and settlement systems.

Ms Meena Datwani will take up the appointment as Executive Director of the Banking Conduct Department. As a solicitor serving in the Hong Kong Government, Ms Datwani joined the HKMA in 1995 as Senior Counsel, providing legal advice on a variety of issues. She was promoted as Deputy General Counsel in 1999 and has over the years been closely involved in the legal side of banking issues.

Ms Carmen Chu will take up the appointment as Executive Director of the External Department responsible for multilateral agencies and central bank co-operation, renminbi banking business, financial market integration issues and Mainland economic and financial market research. She joined the HKMA in 1994 as a Manager Trainee, and has taken up different responsibilities in the HKMA, including research, monetary operations, and administrative support to a senior executive. She was seconded to the World Bank Office in Beijing from 1998 to 1999. Since then she has mainly been with the External Department, where she was promoted as Senior Manager in 2000 and as Division Head in 2006.

Mr Howard Lee will take over from Mr Christopher Munn as Executive Director of the Corporate Services Department upon Mr Munn's resignation on 26 April 2010. He will be responsible for corporate development, human resources, administration, finance, and information technology. Mr Lee was an Administrative Officer Staff Grade B in the civil service and had held senior positions with responsibilities for policy formulation and administration before he joined the HKMA in August 2009 as Division Head.

Commenting on Mr Munn's departure, the Chief Executive of the HKMA, Mr Norman Chan, said that Mr Munn had made important contributions to developing the HKMA's corporate support functions in his nearly 12 years of service. "We shall all miss him. We wish him the very best in his future endeavours."

For further enquiries, please contact:
Peggy Lo, Manager (Communications), at 2878 1687 or
Yokee Wong, Manager (Communications), at 2878 1213

Hong Kong Monetary Authority
18 March 2010

raymond_small meena_small

Mr Raymond Li will be appointed as Director-General, Enforcement

 

Ms Meena Datwani will be appointed as Executive Director of the Banking Conduct Department

carmen_small howard_small
Ms Carmen Chu will be appointed as Executive Director of the External Department

Mr Howard Lee will be appointed as Executive Director of the Corporate Services Department

Last revision date: 1 August 2011
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