Press Releases in Hong Kong

HKEX new chief says no change in ‘China anchored’ strategy

HONG KONG – Nicolas Aguzin, the new chief executive of Hong Kong Exchanges and Clearing Limited (HKEX), said the HKEX's strategy of being "China anchored" will not change.

In a video published Friday on the HKEX website, Aguzin, who took office on Monday, said China is a very strategic advantage that HKEX has and that the exchange should leverage it to the maximum as possible.

READ MORE: Salary of HK bourse’s new chief tops his predecessor’s

Aguzin, born in Argentina, has worked in Hong Kong for nine years. Before joining HKEX, he served as chief executive officer (CEO) of the international private bank business of JPMorgan Chase & Co and its Asia Pacific chairman and CEO.

With a market capitalization of around HK$600 billion (about US$77 billion), HKEX is one of the largest exchanges in the world, he said.

Aguzin said HKEX was developing very well in fixed income, commodities, and derivatives. "I'm looking forward to helping on that side as well."

ALSO READ: JPMorgan’s Aguzin named CEO of Hong Kong stock exchange