The Hong Kong Monetary Authority rehires a former employee to join as its senior executive director.
Edmond Lau joins the regulator on the advice of the «Governance Sub-Committee of Exchange Fund Advisory Committee», effective October 1 this year. Lai will be responsible for overseeing external financial infrastructure and research departments.
Following the appointment, HKMA deputy chief executive Howard Lee will take over CEO (effective October 1) Eddie Yue’s reserves management portfolio while maintaining his existing monetary management portfolio.
Lau was most recently CEO of HKMC Annuity, a retirement annuity business, since 2017. Previously, he joined HKMA as a banking development division head in 1997 and was promoted to executive director in 2005 before leaving to pursue further studies in 2013.
«I warmly welcome Edmond back to the HKMA. With his nearly 20 years of experience in the HKMA and the HKMCA, I am confident he will be able to make valuable contributions to the work of the HKMA,» said Norman Chan, current CEO of HKMA.
