HKEx Unveils Extensive Restructure

Romnesh Lamba, formerly HKEx's head of market development, and Martin Abbott, chief executive of HKEx subsidiary London Metal Exchange (LME), have been named co-heads of global markets ─ a new division. Global markets replaces the market development division, which has been dissolved and its personnel redeployed into the operating divisions. Lamba and Abbott will oversee the newly established equities and fixed income and currency (FIC) business, the commodities business, including LME, as well as the mainland development and the business development and strategy departments. Lamba succeeds Gerald Greiner as chief executive of the Stock Exchange of Hong Kong (SEHK) and Hong Kong Futures Exchange (HKFE).
Reporting to Lamba and Abbot will be the new co-heads of equities and FIC, Bryan Chan and Calvin Tai. Chan, previously head of market data, is principally responsible for cash trading, market data and the joint venture company, China Exchanges Services Company. Tai, formerly head of trading, principally oversees derivatives and product and index development.
Greiner, who was HKEx's COO and SEHK chief executive, has been appointed HKEx's head of global clearing, and will oversee all clearing businesses of the HKEx group, including existing clearing operations, over-the-counter (OTC) clearing, LME Clear and risk management. He continues to be the chief executive of Hong Kong Securities Clearing Company.
A three-headed directorship has been placed in charge of the new clearing risk management division, which will operate independently of enterprise risk management. Felix Wang and Ketan Patel, formerly deputy heads of risk management and Chris Jones, LME Clear's CRO, will reporting to Greiner. Wang is principally responsible for equities clearing risk management, Patel for FIC clearing risk management, including OTC clearing, and Jones for LME Clear risk management.
Kevin King tendered his resignation as head of enterprise risk management, effective Jan. 31.
Taking over as COO is Henry Ingrouille, the exchange's former chief administrative officer.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Emerging Technologies
Waters Wavelength Ep. 315: Company names and the loans market
This week, Reb, Nyela, and Shen talk about unimaginative company names and then address some challenges in the loans market.
Deutsche Bank delivers AI, client insights with ‘muscle memory’
Voice of the CTO: The German bank is taking finely honed skills and capabilities and deploying them for new and emerging use cases.
Study: RAG-based LLMs less safe than non-RAG
Researchers at Bloomberg have found that retrieval-augmented generation is not as safe as once thought. As a result, they put forward a new taxonomy to help firms mitigate AI risk.
M&A activity, syndicated loans, a new tariff tool, and more
The Waters Cooler: LSEG and LeveL Markets partner for new order type, QuantHouse gets sold to Baha Tech, and Fitch Ratings has a new interactive tool in this week’s news roundup.
Nasdaq, AWS offer cloud exchange in a box for regional venues
The companies will leverage the experience gained from their relationship to provide an expanded range of services, including cloud and AI capabilities, to other market operators.
OCC’s security chief on generative AI with guardrails
Clearinghouse looks to scale technology across risk and data operations—but safety is still the watchword.
Bank of America reduces, reuses, and recycles tech for markets division
Voice of the CTO: When it comes to the old build, buy, or borrow debate, Ashok Krishnan and his team are increasingly leaning into repurposing tech that is tried and true.
Waters Wavelength Ep. 313: FIS Global’s Jon Hodges
This week, Jon Hodges, head of trading and asset services for Apac at FIS Global, joins the podcast to talk about how firms in Asia-Pacific approach AI and data.