Hong Kong Exchanges and Clearing Limited (HKEX) announced today that Cha May-Lung has been appointed as the Chairman of the Board of Directors. Cha becomes the first female to lead the organization which is one of the largest providers of trading and clearing services in the world.

Cha’s appointment comes after the Chief Executive of Hong Kong, Leung Chun-ying, gave her written approval to take up the post. Cha will take over the role from Sir Chow Chung-kong who has held the position since 2012.

Discussing her appointment, Cha stated: “HKEX is an important cornerstone of Hong Kong’s financial market, and it has a pivotal role in the future of Hong Kong's capital market. I look forward to serving on the Board again and working with the other Directors and management to ensure HKEX meets its Obligations Obligations In finance, an obligation is a financial responsibility where the terms of a contract must be met. Should an obligation between parties fail then the party who is at default may face legal action. In this scenario, the guilty party will not only have to agree to pay the set amount to fulfill the contractual arrangement but may also be responsible for covering all legal proceedings cost. Routine payments or outstanding debt of any kind are considered financial obligations, so if someone owes you In finance, an obligation is a financial responsibility where the terms of a contract must be met. Should an obligation between parties fail then the party who is at default may face legal action. In this scenario, the guilty party will not only have to agree to pay the set amount to fulfill the contractual arrangement but may also be responsible for covering all legal proceedings cost. Routine payments or outstanding debt of any kind are considered financial obligations, so if someone owes you Read this Term to the public and delivers value to its shareholders.”

New role for a familiar face

HKEX will be familiar territory to Cha who has already held a number of positions with the company. Before her recent appointment, she was Chairman of the Risk Committee and Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term Committee and a member of HKEX’s Remuneration Committee.

Outside of HKEX, Cha has also worked as a non-executive director for HSBC, Unilever, and the China Telecom Corporation. She has also worked for regulatory bodies such as the China Banking Regulatory Commission, where she was a member of the International Advisory Council, and the China Securities Regulatory Commission.

Commenting on the appointment, Chow Chung-kong welcomed Cha, stating that her “strong background in financial services, securities and derivatives markets and corporates will be invaluable in guiding HKEX’s future development.”