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SFC Appoints New Executive Director

by Mary Swire, for LawAndTax-News.com, Hong Kong

05 October 2006


It was announced this week that Paul Kennedy has been appointed as the Hong Kong Securities and Futures Commission's new Executive Director-Chief Operating Officer for three years from October 16.

Mr Kennedy has extensive management and operational experience in the financial services field, and was selected through an open recruitment exercise, according to the Financial Services and the Treasury Bureau.

Mr Kennedy was previously a partner of KPMG Hong Kong, and has more than 20 years experience in providing services to leading financial institutions in Hong Kong, the Mainland and the Asia-Pacific region.

He will assume full management responsibility for the commission's Corporate Affairs Division, which is responsible for overseeing its corporate communications, investor education and communications, the Commission Secretariat, finance and administration, human resources, training and development, and information technology.

The commission's Chief Executive Officer, Martin Wheatley welcomed the appointment, observing that Mr Kennedy's expertise and experience will strengthen the commission's internal operations.


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