The former chief executive of the Hong Kong stock exchange Charles Li Xioajia has reportedly resurfaced at a New York-headquartered bond trading platform.
Charles Li has joined MarketAxess as a non-executive director, according to a statement, marking his first corporate job since leaving the Hong Kong Exchanges and Clearing (HKEX) in December last year.
«[Li’s] knowledge of market structure in Asia would be invaluable to MarketAxess as we expand our investment in the region,» said MarketAxess CEO Rick McVey.
MarketAxess is a U.S.-listed bond trading platform with its headquarters in New York alongside other international offices in London, Hong Kong, Singapore and Sao Paulo.
Bond Connect
Also known as «Mr. China», Li joins the trading platform ahead of the expected launch of the southbound leg of the Bond Connect scheme which will allow mainland investors to access international debt markets via Hong Kong.
Prior to his last role as CEO of HKEX, Li was also the China chairman of J.P. Morgan from 2003 to 2009.
«I have a strong interest in market infrastructure companies,» according to an «SCMP» report citing Li. «Joining the MarketAxess board will allow me to continue to learn and to further contribute to the buildout of electronic marketplaces for global fixed income trading.»
