TUESDAY, NOVEMBER 10, 1992
JOSEPH YAM APPOINTED TO HEAD MONETARY AUTHORITY
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THE
GOVERNMENT ANNOUNCED TODAY (TUESDAY) THAT MR JOSEPH YAM CHI-KHONG HAS BEEN APPOINTED CHIEF EXECUTIVE (DESIGNATE) OF THE HONG KONG MONETARY AUTHORITY WITH IMMEDIATE EFFECT.
MR YAM WILL UNDERTAKE THE NECESSARY PREPARATION AND PLANNING WORK FOR THE ESTABLISHMENT OF THE AUTHORITY, PENDING THE APPROVAL OF THE EXCHANGE FUND (AMENDMENT) BILL 1992 BY THE LEGISLATIVE COUNCIL AND THE FORMAL ESTABLISHMENT OF THE AUTHORITY.
THE CHIEF EXECUTIVE (DESIGNATE) WILL FORTHWITH ALSO OVERSEE THE WORK OF THE OFFICE OF THE EXCHANGE FUND AND OFFICE OF THE COMMISSIONER OF BANKING.
MR YAM, AGED 45, JOINED THE HONG KONG CIVIL SERVICE IN 1971 A STATISTICIAN.
HE ROSE TO HIS PRESENT RANK OF ADMINISTRATIVE GRADE A IN 1991.
AS
OFFICER STAFF
DURING THE EARLY YEARS OF HIS CAREER, MR YAM SERVED IN THE CENSUS AND STATISTICS DEPARTMENT AND THE ECONOMIC SERVICES BRANCH.
IN 1982 HE WAS TRANSFERRED TO THE MONETARY AFFAIRS BRANCH WHERE HE HAS WORKED UNTIL NOW.
MR YAM WAS APPOINTED DEPUTY SECRETARY FOR MONETARY AFFAIRS 1985 AND TOOK UP HIS PRESENT APPOINTMENT OF DIRECTOR OF THE OFFICE THE EXCHANGE FUND IN FEBRUARY 1991,
IN OF
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FS WELCOMES YAM'S APPOINTMENT
MACLEOD,
THE FINANCIAL SECRETARY, MR HAMISH
TODAY (TUESDAY) WELCOMED THE APPOINTMENT OF MR JOSEPH YAM CHỊ KRONG AS CHIEF EXECUTIVE (DESIGNATE) OF THE HONG KONG MONETARY AUTHORITY.
MR MACLEOD SAID MR YAM HAU PLAYED A KEY ROLE IN THE INTRODUCTION OF A SERIES OF MONETARY REFORM MEASURES IN THE PAST FEW YEARS WHICH INCREASED THE GOVERNMENT'S ABILITY ΤΟ MAINTAIN MONETARY STABILITY IN HONG KONG.
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