Hong Kong Exchanges and Clearing Limited, or HKEx, has appointed Ketan Patel as group risk officer, effective January 1, 2015. Mr. Patel is currently Co-Head of Clearing Risk Management and the leader of the FIC and OTC Clearing Risk Management team. In this new role, Mr. Patel will oversee all of the HKEx Group's risk functions and head the new Risk Management Division.

The Enterprise Risk Management team that is now part of the Listing and Regulatory Affairs Division will become part of the new Risk Management Division. Mr. Patel will join HKEx Group's Management Committee, subject to Board approval. In Clearing Risk Management, Chris Jones will continue to serve as the Chief Risk Officer of LME Clear.

He will report to Mr. Patel and Trevor Spanner, Head of Global Clearing (Europe). Felix Wang will continue as Head of Clearing Risk Management Hong Kong and will report to Mr. Patel and Calvin Tai, Head of Global Clearing (Asia). The above changes will also take effect on 1 January 2015.