8.
New deputy HKMA chief appointed
The Hong Kong Monetary Authority (HKMA) today (Tuesday) announced that the Financial Secretary has appointed Mr Norman Chan as Deputy Chief Executive with effect from last Saturday (June 1).
"I am very pleased with Mr Chan's appointment which will strengthen the senior management of the HKMA in dealing with many important strategic issues facing Hong Kong in the run up to 1997 and beyond.
"This is a crucial step to reinforce our efforts to develop Hong Kong as the premier financial centre in Asia," said the Chief Executive of HKMA, Mr Joseph Yam.
Mr Chan has filled a newly created Deputy Chief Executive post responsible for monetary management, market infrastructure including payment systems, development of debt market, administration and finance.
"I am very honoured to be appointed as Deputy Chief Executive and will make my best endeavours to assist the Chief Executive in meeting the challenges ahead - to deliver monetary stability and to enhance the efficiency and robustness of Hong Kong's financial market infrastructure," said Mr Chan.
Mr Chan joined the Government as an Administrative Officer in 1976. He was promoted to the rank of Administrative Officer Staff Grade B in 1992 while he was serving as Deputy Director, Office of the Exchange Fund.
He was appointed Executive Director in 1993 when the Office of the Exchange Fund and the Office of the Commissioner of Banking were merged to form HKMA.
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