Hong Kong’s FDRC Taps Blackwell CEO Gary Cheung as Director

SFC-regulated Multi-Asset Multi-Asset Composed of varying asset classes, multi-asset is a blanket designation combining different classes such bonds, equities, cash equivalents, fixed income, and alternative investments.When compared to traditional balanced funds, multi-asset solutions differ because they target specific investment outcomes. This includes outcomes such as return above inflation as opposed to gauging performance against standardized benchmarks.Given the composition of multi-asset classes, they need to be dynamically Composed of varying asset classes, multi-asset is a blanket designation combining different classes such bonds, equities, cash equivalents, fixed income, and alternative investments.When compared to traditional balanced funds, multi-asset solutions differ because they target specific investment outcomes. This includes outcomes such as return above inflation as opposed to gauging performance against standardized benchmarks.Given the composition of multi-asset classes, they need to be dynamically Read this Term brokerage Blackwell Global Hong Kong today announced that ‎its CEO Gary Cheung has been named Director of the Financial Dispute Resolution ‎Centre (FDRC) for a term of two years, effective March 1, 2018.‎

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Founded in 2012, the Financial Dispute Resolution is part of the Hong Kong ‎government’s efforts to provide customers with a venue to air their ‎grievances against bankers and brokers. The aim of the FDRC is to provide a ‎quick and cost-effective means of resolving disputes between consumers ‎and financial institutions. The FDRC allows individuals to refer claims of up to $500,000.‎

Mr. Cheung's appointment is made ‎in alignment with the FDRC's recent overhauls. He has been in the financial ‎services sector for more than three decades, and brings a wealth of ‎expertise in managing SFC-regulated companies. His career encompasses senior roles - he was CEO ‎of Tung Shing Securities (Brokers) Limited.

Cheung has held several senior management positions in other notable stocks and securities institutions such as Sun Hung Kai & Co, Ltd. and the Hong Kong Securities Institute.

Commenting on his appointment, Gary Cheung said: “Dispute resolution is crucial ‎for an international financial Hub Hub A hub as its name suggests describes the center of activity or a focal point. In terms of finance, the term hub can refer to Hub and Spoke Trading or a liquidity hub. However, the terms are not interchangeable, but they do overlap. Hub and Spoke trading refer to a network that posts bids and offers for an asset and therefore creates a real market. For example, Hub and Spoke trading allow traders to see the other submissions and offers from other traders on the platform. This is a popular method A hub as its name suggests describes the center of activity or a focal point. In terms of finance, the term hub can refer to Hub and Spoke Trading or a liquidity hub. However, the terms are not interchangeable, but they do overlap. Hub and Spoke trading refer to a network that posts bids and offers for an asset and therefore creates a real market. For example, Hub and Spoke trading allow traders to see the other submissions and offers from other traders on the platform. This is a popular method Read this Term such as Hong Kong. The dispute arises due to ‎the diversity and complexity of financial products, as well as investors’ lack of risk ‎and product knowledge. The recognition of the rights of participants and the ‎availability of an avenue for resolution should there be a conflict becomes even ‎more paramount. I’m honoured to be part of the organisation, and I look forward ‎to contributing towards a safer finance industry.”‎