Exclusive | Search for replacement Securities and Futures Commission chief executive underway, current deputy tipped as front runner
- The Securities and Futures Commission has appointed a five-person search committee to find a replacement for Ashley Alder, who announced yesterday that he would not renew his contract when it expires next September
- Alder’s deputy Julia Leung, a former financial journalist-turned regulator, is the front runner for one of the top regulatory jobs in the world, brokers said
The deputy chief executive of Hong Kong’s securities regulator is tipped for a promotion to head the watchdog agency in one of Asia’s largest capital markets, as a global search gets underway for a replacement for the incumbent CEO Ashley Alder when he steps down next year, brokers said.
Julia Leung Fung-yee, Alder’s deputy at the Securities and Futures Commission (SFC) is the front runner for the chief executive officer’s job, according to the head of Hong Kong’s securities industry guild.
“Julia Leung is an ideal candidate for the SFC’s top job as she knows the Hong Kong market well,” said the Hong Kong Securities Association’s Chairman Gordon Tsui Luen-on. “When she was at the government, and now at the SFC, she was always very sincere in helping local stockbrokers and fund managers to develop their businesses.”
“We will consider all potential candidates including domestic and international professionals who are interested in the job,” the SFC’s Chairman Tim Lui Tim-leung said in a telephone interview with South China Morning Post.