The Securities and Futures Commission (SFC) welcomes the re-appointment of Mr Ashley Alder as the Chief Executive Officer (CEO) for another three-year term, effective from 1 October 2020 (Note 1).
“I am delighted that Ashley has agreed to stay on after reconsidering his plan to step down when his current term ends. Under Ashley’s leadership during the past nine years, the SFC has established itself as a world-class market regulator, recognised by its peers and market participants for its innovative regulatory approach and contributions to shaping global financial policies as Chair of the Board of the International Organization of Securities Commissions (IOSCO),” the SFC’s chairman Mr Tim Lui, said (Note 2).
“In such an extraordinary time when unprecedented challenges – and opportunities – are presented ahead of us, Ashley’s vast regulatory knowledge, his standing and influence in the international fora as well as continued leadership at the SFC are all the more important to help maintain the integrity and stability of the Hong Kong financial market and significantly boost confidence of local and international investors,” Mr Lui added.
Mr Alder said: “After a careful re-assessment of the circumstances now facing Hong Kong and global economies and financial markets, and having discussed the situation with the Government, I have accepted an invitation to remain at the helm of the SFC at a time when regulatory clarity is more important than ever to ensure that the financial system functions reliably and with integrity throughout a period of exceptional stress.”
“As and when the global economy begins to recover from the Covid-19 pandemic, our job is to make sure that investors remain confident that Hong Kong’s financial markets are not only fair, but also that its regulations are impartial and fit for purpose amidst what will undoubtedly be a vastly different international financial landscape.”
“To this end, the SFC will continue to be resolute, adaptive, innovative and agile in maintaining a world-class regulatory environment for Hong Kong to thrive as a premier international financial centre. I look forward to continue working with Tim and the rest of the members of the board towards this goal in my new term,” Mr Alder added.
- Mr Alder was first appointed as the SFC’s CEO on 1 October 2011. His current term will end on 30 September 2020.
- Mr Alder was appointed as the Chair of the Board of IOSCO in 2016.