1.
-
TUESDAY, SEPTEMBER 13, 1994
NEW CHAIRMAN HEADS SECURITIES AND FUTURES COMMISSION
THE
*
NEOH,
GOVERNOR HAS APPROVED THE APPOINTMENT OF MR ANTHONY
AND FUTURES COMMISSION QC, AS THE NEXT CHAIRMAN OF THE SECURITIES (SFC), THE SECRETARY FOR FINANCIAL SERVICES, MR MICHAEL CARTLAND, SAID TODAY (TUESDAY).
BOTH
MR NEOH IS A BARRISTER IN HONG KONG AND IS WELL-RESPECTED IN LEGAL CIRCLES AND IN THE SECURITIES FIELD. HE HAS BEEN A MEMBER OF
OF EXCHANGE THE STOCK
DISCIPLINARY
COMMITTEE.
IN THE GOVERNMENT.
AND
ITS OFFICER
HONG
HAS CHAIRED KONG COUNCIL HE IS ALSO A FORMER ADMINISTRATIVE
CHAIRMAN DID
IT WAS ANNOUNCED EARLIER THIS YEAR THAT THE INCUMBENT OF THE SFC, MR ROBERT NOTTLE, HAD NOTIFIED THE GOVERNMENT THAT HE NOT WISH TO SEEK A RENEWAL OF CONTRACT WHEN HIS APPOINTMENT EXPIRES AT THE END OF DECEMBER THIS YEAR.
IN
THE LIGHT
FINANCIAL
THE OF THE IMPORTANCE OF THE POST,
W LEE Q
TO APPOINTED A SECRETARY
SELECTION PANEL CHAIRED BY SIR
THE OTHER MEMBERS OF THE IDENTIFY A SUITABLE SUCCESSOR TO MR NOTTLE.
A NON-EXECUTIVE PANEL WERE THE SECRETARY FOR FINANCIAL SERVICES AND DIRECTOR OF THE SFC.
AS
AN IMPORTANT **TO
SECURE THE BEST POSSIBLE CANDIDATE FOR SUCH APPOINTMENT, THE PANEL DECIDED THAT THE NET SHOULD BE CAST AS WIDE POSSIBLE.
"IT APPOINTED AN EXECUTIVE RECRUITMENT CONSULTANT TO CONDUCT GLOBAL SEARCH OF POTENTIAL CANDIDATES AND TO HANDLE THE LOGISTICS THE SELECTION PROCESS.
A
ог
"APART FROM THE EXECUTIVE SEARCH, ADVERTISEMENTS WERE PLACED IN 66 A NUMBER OF LOCAL AND OVERSEAS PUBLICATIONS, IN RESPONSE TO WHICH APPLICATIONS WERE RECEIVED," MR CARTLAND SAID.
THE PANEL UNANIMOUSLY DECIDED TO RECOMMEND THAT MR NEOH SHOULD
HAVING BE
ACCEPTED THE FILL THE IMPENDING VACANCY. APPOINTED TO PANEL'S RECOMMENDATION, THE GOVERNOR APPROVED THE APPOINTMENT PURSUANT FUTURES COMMISSION TO SECTIONS 5(1) AND 5(2) OF THE SECURITIES AND
ORDINANCE.
A "THE ORIGINAL INTENTION WAS TO APPOINT MR NEOH ON A TWO AND
AFTER THE YEAR TERM STARTING FROM JANUARY 1, 1995, IMMEDIATELY DEPARTURE OF MR NOTTLE.
HALF
"OWING TO HIS OTHER COMMITMENTS, HOWEVER, MR NEOH WILL ONLY ABLE TO JOIN THE SFC ON FEBRUARY 1, 1995," MR CARTLAND SAID.
BF
"THAT
IS
WILL NOT AFFECT WHICH
OPEN
THE TERMINATION
CONTRACT,
TO SUBSEQUENT RENEWAL AGREEMENT OF THE PARTIES," HE SAID.
DATE
OR
OF MR
EXTENSION
NEOH'S
BY
12