Hong Kong Exchanges and Clearing (HKEX), the owner of the Stock Exchange of Hong Kong, announced on Thursday that it has formed an international advisory council. Comprised of a number of senior executives from around the world, the council will advise the Stock Exchange operator on its business activities.
Members of the council will be on the board for three years and can have their position renewed after that time has come to an end. The new body will be led by HKEX Chairman Laura Cha for as long as she remains in that role at the company.
As noted, the council will be comprised of several senior executives from different companies around the world.
Most notable among them is Stuart Gulliver. Based in London, the former HSBC Group Chief Executive and Chairman has also spent a large portion of his career working in Hong Kong.
SEC Chairwoman and Alibaba Co-Founder
Also on the board is Mary Schapiro, a Special Advisor to Michael Bloomberg. Under the Obama administration, Schapiro was also the Chair of the US Securities and Exchange Commission from 2009 to 2012.
Lastly, there is Joseph Tsai, one of the co-founders of e-commerce giant Alibaba. Although he now lives in California, Tsai spent ten years working and living in Hong Kong. According to a New York Post article from early 2018, he still spends a lot of time in the city for work.
“I am honoured to welcome Stuart Gulliver, Mary Schapiro, and Joseph Tsai to HKEX’s new International Advisory Council," said Cha. "Each are true global leaders, whose knowledge, experience and insight span geographies, markets and sectors. The establishment of the Council will provide invaluable support to the Board in the development of HKEX’s strategy and delivery of our vision to be Asia’s leader in global markets.”
