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The following is issued on behalf of the Hong Kong Monetary Authority:
The Treasury Markets Association (TMA) announced today (August 26) that Mr Jack T K Cheung has been appointed as Chief Executive Officer (CEO) of the TMA. He will lead the Association's efforts in promoting market and product development, enhancing the professionalism and ethical standards of market practitioners, and promoting the profile of Hong Kong as the preferred hub for treasury market businesses in the Asia Pacific region.
Mr Cheung joins the TMA after more than 25 years in the financial markets. Most recently, he served as the Head of Treasury and Deputy General Manager at Hang Seng Bank Limited, a position that he held for five years. In this role, he was responsible for managing Hang Seng Bank Global Markets in Hong Kong, Singapore, and China. Prior to that, Mr Cheung worked for over 20 years at HSBC Banking Group, where he served as Head of Balance Sheet Management (Asia Pacific) and Head of Hong Kong Dollar.
"With his extensive experience in the financial markets, proven track record of strong leadership, and outstanding executive as well as personal qualities, I am confident that Jack will provide the TMA with exceptional guidance. As the Association continues to upgrade the professionalism of market practitioners and play an active role in product and market development in Hong Kong, Jack will be crucial in leading the organisation to meet both the challenges and opportunities that lie ahead," the Chairman of the TMA's Executive Board, Mr Eddie Yue said.
In his role as CEO, Mr Cheung will be providing leadership on all of the TMA's objectives. He will be strengthening the Association's relationships with external parties on the Mainland and internationally while also promoting Hong Kong as a centre for treasury market activity. He will also be playing a key role collaborating with industry leaders in identifying and formulating new market development proposals and in enhancing the professionalism and ethical standards of practitioners. With its continually expanding scope of work and increasing profile within the Asia Pacific region, the Association requires an innovative, dedicated, and experienced professional to lead it into a new stage of development in the years to come. Given his outstanding background and qualifications, Mr Cheung is an ideal individual to take on this mandate.
Mr Cheung will assume his duties on September 5, 2011. Please see the Annex for a brief biography of Mr Cheung.
For media enquiries, please contact TMA Secretariat at 2878 1732.
Ends/Friday, August 26, 2011
Issued at HKT 16:04
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