HK begins global search for SFC chief

08:32, February 21, 2011      

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A selection panel has been set up to identify and consider suitable candidates globally for appointment as Securities &Futures Commission Chief Executive Officer, when the contract of incumbent Martin Wheatley expires in June, the Hong Kong government said on Saturday.

According to the government, the selection panel is chaired by Financial Secretary John Tsang and comprises Chan Kam-lam, Moses Cheng Mo-chi, Eddy Fong Ching, Lawrence Lee Kam-hung, Carlson Tong and the Secretary for Financial Services and the Treasury, K.C. Chan.

"The new CEO will be pivotal in leading the operations of the commission. He will have the executive responsibility for the day-to-day running of the SFC, and is tasked to implement the regulatory objectives under the Securities and Futures Ordinance, as well as the policies and strategies set by the SFC Board," said a government spokesman.

The selection panel will commence a global recruitment of the proposed chairman of the commission. "A comprehensive search will be conducted both locally and overseas to identify the most suitable candidate to succeed Martin Wheatley who will leave the SFC in June 2011," the spokesman said.

Advertisements for the post were published in the local and international press starting on Saturday. An executive search firm has been engaged to broaden the network of search and assist in the recruitment exercise.

Source: Shanghai Daily
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