The chief executive of the Hong Kong Exchange and Clearing has stepped down two months earlier than originally planned.

Nicolas Aguzin will step down from his role as Hong Kong Exchanges and Clearing (HKEX) CEO and ex-officio member of the board on March 1, according to a statement. The move is being made two months earlier than the original plan of May 2024.

«Mr. Aguzin has subsequently informed the board of directors of HKEX that, as the transition has been proceeding smoothly and effectively, he believes it would be in the interest of HKEX to accelerate the change in leadership,» the statement said. 

Successor

After the end of Aguzin’s three-year term, Bonnie Chan will succeed him as CEO for a three-year term that ends on 28 February 2027. Chan will also become an ex-officio member of the board. Chan, 54, has over 30 years of legal and financial services experience. She joined HKEX as head of listing in January 2020 and is currently co-chief operating officer (COO). 

As per an announcement on 15 December 2023, HKEX also appoints Wilfred Yiu as deputy chief executive, in addition to his existing roles as the chief executive of HKEX subsidiaries, The Stock Exchange of Hong Kong and Hong Kong Futures Exchange. Vanessa Lau will become co-COO while retaining her role as group chief financial officer.