Senior Appointment at the Hong Kong Monetary Authority

The Hong Kong Monetary Authority (HKMA) announced today (17 July) that the Financial Secretary, on the advice of the Governance Sub-Committee of the Exchange Fund Advisory Committee, has approved the appointment of Ms Clara Chan as Executive Director (Monetary Management) with effect from 17 October 2020. Ms Chan will take over from Mr Clement Lau, who will leave the HKMA on resignation for personal reason with effect from the same date.

As Executive Director (Monetary Management), Ms Chan will be responsible for HKMA’s work relating to the maintenance of financial and monetary stability through macro-financial surveillance and market operations. She will also be in charge of the regulatory regime on the licensing and supervision of Stored Value Facilities and the designation and oversight of Retail Payment Systems in Hong Kong. Ms Chan’s CV is attached.

Commenting on Mr Lau’s departure, Mr Eddie Yue, Chief Executive of the HKMA, said, “I would like to thank Clement for his contributions to the work of the HKMA. I wish him the very best in his future endeavours.”

Hong Kong Monetary Authority
17 July 2020

CV

Clara Chan

Ms Chan holds a Bachelor of Laws degree and a Postgraduate Certificate in Laws from the University of Hong Kong and is a barrister admitted by the High Court of Hong Kong. Ms Chan served as an Administrative Officer in the HKSAR Government from 2004 to 2010 with policy formulation experience in different areas including financial services. She joined the HKMA as a Manager in the Reserves Management Department in 2010. She was promoted as Senior Manager in 2012 and as Division Head in 2015. As Chief Investment Officer since 2018, she has been a member of the management team of the Exchange Fund Investment Office overseeing a diversified investment portfolio of the Exchange Fund, with a focus on alternative investments.