ONE of Hong Kong's top financial watchdogs is to step down from his post at the Hong Kong Monetary Authority (HKMA). Albert Cheok, executive director (banking supervision), would leave at the end of the month to pursue family business interests in Malaysia, the HKMA said yesterday. Mr Cheok, 44, joined the former Office of the Commissioner of Banking as a deputy commissioner in 1989. The office was combined with the Office of the Exchange Fund to become the HKMA two years ago. 'During his six years of service, Mr Cheok has made a major contribution to building up the supervisory, capacity of the HKMA,' said chief executive of the HKMA, Joseph Yam. 'We regret his personal decision to leave and wish him every success in his new endeavour.'