The Hong Kong Monetary Authority (HKMA) announced today (20 September) that the Financial Secretary, on the advice of the Governance Sub-Committee of the Exchange Fund Advisory Committee, has approved the appointment of Mr Vincent Lee as an Executive Director on 1 January 2013. Mr Lee will take up the post of Director-General, Enforcement, replacing Mr Raymond Li, who will be seconded to the Hong Kong Mortgage Corporation Limited (HKMC) on the same day to succeed Mr James Lau as Chief Executive Officer (CEO). Mr James Lau will proceed on retirement at the end of the year.
Mr Vincent Lee is currently a Division Head of Banking Supervision. He joined the HKMA as Assistant Manager in 1994. He has worked in various positions in the Banking departments, covering banking policy and development, prudential supervision, and securities enforcement, and was promoted to his present rank of Division Head in 2006. He also has experience in monetary policy and has served as Chief Representative of the HKMA’s New York Office and London Office.
Commenting on the retirement of Mr James Lau, the Chief Executive of the HKMA, Mr Norman Chan, said that Mr Lau has made important contribution during his service with the HKMA and the HKMC for almost 20 years. Mr Lau was heavily involved in the setting up of the HKMA, and the development of the treasury markets and financial infrastructure in Hong Kong. He was also instrumental to the successful implementation of a number of projects launched by the HKMC in recent years, including the SME Financing Guarantee Scheme and Reverse Mortgage Programme. “On behalf of the HKMA, I thank Mr Lau for his dedicated service to the HKMA since its establishment, and wish Mr Lau a happy retirement in the many years to come,” said Mr Chan.
Hong Kong Monetary Authority
20 September 2012
Mr Vincent Lee, Director-General, Enforcement designate of the Hong Kong Monetary Authority