Hong Kong’s banking regulator has appointed a new executive director for financial infrastructure.

The Hong Kong Monetary Authority (HKMA) has appointed Nelson Chow as executive director (financial infrastructure), according to a statement, effective December 30. In the role, he will be responsible for developing and ensuring the stable operation of Hong Kong's financial market infrastructures as well as promoting fintech development.

Chow first joined the HKMA in 2004 as a manager before being promoted to senior manager in 2007 and chief fintech officer in 2016. He worked in various functions across the regulatory body including banking development, banking supervision, banking conduct, the New York office and the fintech facilitation office. He is currently on secondment to the Hong Kong FMI Services Limited as its CEO.

Chow will succeed Colin Pou who will be on secondment to The Hong Kong Mortgage Corporation Limited as CEO.