China’s CESC names new chief executive

24 July 2014   Category: News, Asia, China, Global, Hong Kong   By Asia Asset Management

China Exchanges Services Company (CESC) has appointed Mao Zhirong, an executive at Hong Kong Exchanges and Clearing (HKEx), to replace Bryan Chan as chief executive officer. Mr. Chan, who is also HKEx’s co-head of equities, fixed income and currency, has resigned from all of his CESC roles.

Mr. Mao is currently a director at CESC and head of Mainland development at HKEx. CESC has also named Sanly Ho, HKEx’s head of derivatives trading, to serve as a director at CESC.

The management reshuffle will be effective from August 1.

CESC is joint venture between HKEx, Shanghai Stock Exchange, and Shenzhen Stock Exchange, established in September 2012. It is mainly engaged in compiling cross-border indices on products traded on the Hong Kong and Mainland markets, as well as developing industry classifications for listed companies.