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14
TUESDAY, MARCH 24, 1992
THE
AND THE
HE SAID IT WAS IMPORTANT TO MAINTAIN THE TUNNEL SERVICE IN INTEREST OF THE PUBLIC AND A DIALOGUE BETWEEN THE DEPARTMENT STAFF THROUGH PROPER CHANNELS.
TO ЧЕЕТ
OUR
STAFF
AT
ANY
TIME
AND
AS
"WE ARE PREPARED FREQUENTLY AS NECESSARY," MR LEE ADDED.
NEW CHAIRMAN OF SECURITIES AND FUTURES COMMISSION APPOINTED
THE GOVERNMENT ANNOUNCED TODAY (TUESDAY) THAT MR ROBERT OWEN, THE CHAIRMAN OF THE SECURITIES AND FUTURES COMMISSION, WILL RETIRE AT END OF APRIL ON COMPLETION OF HIS CURRENT CONTRACT.
CHAIRMAN
OF
MR ROBERT NOTTLE, CURRENTLY DEPUTY CHAIRMAN AND EXECUTIVE
OF THE DIRECTOR (INTERMEDIARIES AND INVESTMENT PRODUCTS)
SECURITIES AND FUTURES COMMISSION, WILL TAKE OVER THE DUTIES AS THE THE COMMISSION WITH EFFECT FROM MAY 1. HIS APPOINTMENT HAS BEEN APPROVED BY THE GOVERNOR.
THE
MR OWEN FIRST CAME ΤΟ WORK IN HONG KONG AS GOVERNMENT
CONSULTANT SECURITIES
IN JULY 1988. IN
OF PURSUANCE RECOMMENDATIONS OF THE SECURITIES REVIEW COMMITTEE, THE SECURITIES AND
HAS FUTURES COMMISSION WAS SET UP IN MAY 1989 AND MR. OWEN THE POST AS THE CHAIRMAN EVER SINCE.
HELD
FUTURES MARKETS
IN A TRIBUTE TO MR OWEN, THE FINANCIAL SECRETARY, MR HAMISH
IN MACLEOD, SAID: "MR OWEN HAS ABLY LED THE COMMISSION
DEVELOPING A COMPREHENSIVE REGULATORY FRAMEWORK FOR OUR STOCK AND WHICH HAS BROUGHT HONG KONG INTO LINE WITH INTERNATIONALLY ACCEPTED STANDARDS OF MARKET REGULATION AND PRACTICE.'
SUCCESS IN
"HONG KONG MUST BE GRATEFUL TO HIM FOR A JOB WELL DONE. ALTHOUGH WE ARE SORRY TO SEE HIM LEAVE, WE WISH HIM EVERY HIS FUTURE ENDEAVOURS," ME MACLEOD ADDED.
THE GOVERNOR HAS ALSO APPROVED THE APPOINTMENT OF MR ERMANNO AS AN PASCUTTO AS THE DEPUTY CHAIRMAN IN ADDITION TO HIS APPOINTMENT EXECUTIVE DIRECTOR AS FROM MAY
AND THE EXTENSION OF THE CONTRACT FOR MR ROBERT GILMORE AS AN EXECUTIVE DIRECTOR.
1,
1992
APPOINTMENTS OF MR
ΤΟ DIRECTORS
FILL ROBERT NOTTLE AND MR
ALSO INCLUDED IN THE ANNOUNCEMENT ARE THE
AS EXECUTIVE MICHAEL WU AND MR GERARD J MCMAHON
BY MR THE TWO POSITIONS PREVIOUSLY OCCUPIED GAVIN EDIE.
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