After a record year in 2007, it was announced on Monday that Paul Chow's appointment as Hong Kong Exchanges & Clearing Chief Executive has been extended from May 1st, 2009, to April 30th, 2010.
At the request of the board, Mr Chow agreed last week to extend his contract
a further year. The Securities & Futures Commission gave its written approval
of the reappointment on Monday.
Mr Chow was appointed Chief Executive and a director of HKEx on May 1st, 2003.
Last week it was announced that the HKEx had seen another record-high profit for the fourth consecutive year in 2007, with profit attributable to shareholders rising 145% to $6.2bn, mainly due to higher turnover-related income, higher net investment income and the one-off gain on disposal of an associate during the year.
A total dividend of $5.19 per share was recommended, up 144% on a year earlier.
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