The Securities and Futures Commission has officially vetted and approved the Hong Kong Exchange and Clearing’s appointment of a new chief executive, after a media leak allegedly caused a rushed announcement last month.
Nicolas Aguzin – also known by colleagues as «Gucho» – has been green-lighted by the SFC in a written approval for a term of three years, effective May 24, according to an HKEX spokesperson.
Aguzin’s appointment was initially announced with the SFC’s approval, which sparked speculation that the bourse was pressuring the regulator into agreement.
According to an «SCMP» report citing unnamed sources, SFC executives vetted Augzin against its 'fit and proper persons' criteria with no involvement from the Beijing nor Hong Kong governments.
International Face
The current CEO of J.P. Morgan’s international private bank to selected to lead the HKEX in part due to the bourse’s desire to have a foreign figure lead and boost global investor confidence.
Aguzin succeeds Charles «Mr. China» Li as a non-Mandarin speaker and the HKEX’s first non-Chinese CEO.
