Hong Kong Securities and Futures Commission CEO Ashley Alder to leave post in January to join UK regulator as chairman
- Alder, the SFC’s CEO since October 2011, will join the UK’s Financial Conduct Authority in January 2023
- He has carried out reforms to tackle risks and misconduct, as well as helping nurture the Stock Connect, Bond Connect and ETF Connect schemes
Ashley Alder, the CEO of Hong Kong’s Securities and Futures Commission since 2011, will leave his post to join UK regulator Financial Conduct Authority (FCA) in January 2023, the commission said on Friday morning.
The government will undertake a global search for a replacement. Alder, whose contract was set to end in September 2023, is the commission’s longest serving CEO.
“I owe a debt of gratitude to all who have contributed to the evolution of the SFC into an organisation which is acknowledged globally as one of a handful of world-class market regulators,” Alder said in a statement by the SFC.
“The policies and reforms we have put in place are now firmly embedded and institutionalised, and my successor will inherit a solid and effective regulatory framework which underpins Hong Kong’s success as an international financial centre.”
