Hong Kong Exchanges and Clearing appoints new CEO

Veteran banker, Alejandro Nicolas Aguzin has been named as the new CEO of Hong Kong Exchanges & Clearning (HKEX).

Aguzin joins the bourse from JP Morgan, where he’s worked for three decades. He is currently Chief Executive Officer of JP Morgan’s International Private Bank and a member of the Operating Committee for the firm’s asset and wealth management business. Prior to this, from 2012 to 2020, he was CEO, JP Morgan, Asia Pacific where he oversaw and led JP Morgan’s growth in China, and the region.

“HKEX has a critical role to play in the evolution of strong, resilient and interconnected global financial markets. As China’s economy and capital markets continue to open, HKEX will become ever more relevant, facilitating anticipated significant new flows of capital, and supporting the strong demand for capital to fuel growth, acting as a catalyst that connects China with the world, and the world with China,” said Mr Aguzin is a statement released by HKEX.

“I am optimistic and energised for the future and believe that with Calvin (Calvin Tai – COO) and my new colleagues, we have a unique opportunity to help drive and deliver our collective global prosperity.”

Aguzin replaces Charles Li who is stepping down after 10 years in the role. He will be the first non-Chinese executive to head the bourse. A three-year tenure will be effective from May 24.

In January 2021, HKEX overtook CME Group as the world’s most valuable exchange group. It operates equity, commodity, fixed income and currency markets through subsidiaries including, The Stock Exchange of Hong Kong Limited, Hong Kong Futures Exchange Limited and London Metal Exchange.