David Carse to remain as deputy chief executive of HK Monetary Authority

David Carse has renewed a contract to remain as deputy chief executive of the Hong Kong Monetary Authority for another three years.

Mr Carse, who joined Hong Kong's de-facto central bank in 1993, will remain in the post until April 2003.

Frederic Lau Suet-Chiu, the HKMA's head of banking policy, will transfer to New York next month where he will be responsible for liaising with United States regulators and commercial counterparts. DAVID EVANS