Hong Kong – Appointment of Chief Operating Officer of the Mandatory Provident Fund Schemes Authority
Appointment of Chief Operating Officer of the Mandatory Provident Fund Schemes Authority
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The Financial Secretary, in exercise of the authority under the Mandatory Provident Fund Schemes Ordinance (Cap. 485) (MPFSO) delegated to him by the Chief Executive, has appointed Ms Cynthia Hui Wai-yee as the Chief Operating Officer (COO) and Executive Director of the Mandatory Provident Fund Schemes Authority (MPFA) for a period of three years from February 3, 2023, to February 2, 2026, both dates inclusive.
Announcing the appointment today (February 1), the Secretary for Financial Services and the Treasury, Mr Christopher Hui, said, “Having served the MPFA for over 16 years and holding senior positions as Executive Director since 2008 and Acting COO since July last year, Ms Hui possesses profound knowledge of and relevant experience in the operation and regulation of the Mandatory Provident Fund (MPF) System. We look forward to Ms Hui’s continued dedication to the furtherance of the MPF System in her capacity as COO.”
The MPFA is a statutory body established under the MPFSO in September 1998 for the regulation and supervision of the MPF System.
Appointment to two appeal panels on civil service retirement benefits
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Appointment of CEO of Treasury Markets Association
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Appointment of Chairperson of Insurance Appeals Tribunal
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Eterna International, the immigration and mobility division of Eterna Financial Group and a leading global provider of business immigration solutions, proudly announces the nomination of Nicolas Laurin as their next Managing Partner – Global Markets. Mr. Laurin has over 17 years of experience as a lawyer, including over 12 years as a partner of Mandeville & Associates Ltd., one of the industry’s most reputable investment immigration law firms. Over the years, Mr. Laurin has not only successfully handled thousands of investment immigration cases but has also worked in leadership positions in the strategic structuring and distribution of investment immigration products, acquiring unique experience managing operations. “Nicolas is the perfect person to contribute to the next step of Eterna’s development,” said Pierre-Olivier Tardif, the CEO of Eterna International. “We couldn’t be more proud to see Nicolas join our team. His rich network of relationships worldwide will help Eterna strengthen partnerships, develop strategic alliances and expand our international presence,” said Pierre-Marc Lecompte, COO of Eterna International. “I am very excited to be joining the Eterna team,” said Nicolas Laurin. “I believe Eterna has a great business model and experienced management team that uniquely positions it to capitalize on the current changing environment.” Mr. Laurin received an L.L.B. in law from Université de Montréal in 2003 and has been a member in good standing of the Quebec Bar since 2005. In 2019, he completed a Commercial Real Estate Analysis and Investment certificate from the MIT – School of Architecture and Planning. Eterna International Ltd. Categories
Hong Kong – Appointment to two appeal panels on civil service retirement benefits
The Government announced today (November 4) that the Chief Executive (CE) has appointed Professor Wong Sze-chun as a member of the Pensions Appeal Panel (PAP) and the Appeal Panel on Government’s Voluntary Contributions under the Civil Service Provident Fund Scheme (APGVC) for a term of three years with effect from November 9, 2022.
The Government also expressed gratitude to the outgoing member, Mr Henry Wu King-cheong, for his dedicated service and invaluable contribution to the two appeal panels over the years.
The PAP is a statutory body established under the Pension Benefits Ordinance responsible for advising the CE on petitions made by civil servants against decisions to cancel, suspend, reduce or refuse to grant pension benefits. The APGVC is an administrative panel set up to tender advice to the CE on representations made by civil servants against decisions to forfeit or recover their accrued benefits attributable to government voluntary contributions under the Civil Service Provident Fund Scheme.
Ms Teresa Ko Yuk-yin is the convenor-cum-member, while Ms Connie Lam Tsui-wa is the other serving member of the two appeal panels.
Hong Kong – Appointment of CEO of Treasury Markets Association
The following is issued on behalf of the Hong Kong Monetary Authority:
The Treasury Markets Association (TMA) announced today (October 5) that Mr Chordio Chan has been appointed to succeed Mr Jack Cheung as the Chief Executive Officer of the TMA with effect from October 6, 2022, upon Mr Cheung’s retirement (Note).
Mr Chan has many years of experience in the treasury markets. He retired from Bank of China (Hong Kong) early this year, after serving the bank for more than 13 years. His last position at the bank was General Manager and Head of Investment Management. Prior to that, Mr Chan worked for about 24 years at Citibank (Hong Kong), taken up various positions at the bank including Head of Capital and Money Market and Head of Risk Treasury.
Mr Chan has actively participated in public and industry bodies. He had served as an Executive Board Member and the Market Practices Committee Chair of the TMA. Mr Chan also used to be a member of Financial and Treasury Services Committee at the Hong Kong General Chamber of Commerce and a member of Products Advisory Committee of the Securities and Futures Commission (SFC). He is an existing Deputy Chairman of the Leveraged Foreign Exchange Trading Arbitration Panel of the SFC.
Deputy Chief Executive of the Hong Kong Monetary Authority and the Chair of the Executive Board of the TMA Mr Edmond Lau, said, “I believe Mr Chan’s extensive experience and passion for the industry will benefit the Association. I also look forward to working with Mr Chan to further develop the treasury markets in Hong Kong and promote Hong Kong’s status as an international financial centre.”
Commenting on Mr Cheung’s retirement, Mr Lau said, “I would like to thank Jack for his dedicated service and contributions to the TMA’s work in the past 11 years. The members of the TMA Executive Board, the TMA’s staff and I wish him a very happy retirement life.”
The biography of Mr Chan is at Annex.
Note: Mr Cheung, who retires upon the end of his contract on October 5, 2022, will act as the TMA’s Senior Advisor for 1 year.
Hong Kong – Appointment of Chairperson of Insurance Appeals Tribunal
The Government announced today (June 10) that the Chief Executive has appointed Ms Rachel Lam Yan-kay, SC, as the Chairperson of the Insurance Appeals Tribunal (IAT) for a term of three years from June 13, 2022, to June 12, 2025.
A Government spokesman said, “The IAT provides an effective safeguard to ensure that the relevant regulatory decisions made by the Insurance Authority (IA) are reasonable and fair. We believe that Ms Lam, with her profound expertise in the legal profession and extensive experience in public service, will lead the IAT to operate effectively.”
The Government also expressed gratitude to the outgoing Chairperson, Mr Douglas Lam Tak-yip, SC, for his contributions. Mr Lam’s service as the inaugural Chairperson of the IAT over the past years has been instrumental to the smooth establishment of the IAT and its effective discharge of statutory functions.
The IAT is a statutory tribunal established in 2017 under the Insurance Ordinance (Cap. 41) to review specified decisions made by the IA. The IAT consists of the Chairperson and two ordinary members (to be appointed by the Secretary for Financial Services and the Treasury from a pool of panel members on the recommendation of the Chairperson).
Appointment of a New Managing Partner
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