The Board of Directors of Hong Kong Exchanges and Clearing Limited announced the appointment of Mr. Alejandro Nicolas AGUZIN as the Chief Executive of HKEX effective 24 May 2021 for a term of three years until 23 May 2024, subject to the approval of the Securities and Futures Commission under Section 70 of the Securities and Futures Ordinance. Mr. Aguzin, subject to such approval, will also become an ex-officio member of the Board effective 24 May 2021. Mr. Aguzin, aged 52, is currently the Chief Executive Officer of JP Morgan's International Private Bank and a member of the Operating Committee for the firm's asset and wealth management business. Mr. Aguzin joined JP Morgan in 1990, and has held a number of leadership roles spanning lines of business and geographies during his 30 years with the firm, including serving as Chairman and CEO for the Asia Pacific region from 2012 to 2020 and as CEO of JP Morgan Latin America from 2005 to 2012. Mr. Aguzin holds a Bachelor of Science degree in Economics from the Wharton School of the University of Pennsylvania in the US. The Board believes that Mr. Aguzin's extensive experience in Hong Kong, Mainland China, Asia and globally, and his deep knowledge of global capital markets, will help HKEX continue to build its competitiveness, as well as support the ongoing growth and development of Hong Kong's unique financial markets. Alongside his financial sector expertise, Mr. Aguzin's track record of strong leadership, his excellent regional and international relationships and his global outlook were contributing factors in the selection process. Further, the Board believes that Mr. Aguzin's expertise will complement the existing skills within the organisation and be invaluable to HKEX as it continues to drive forward its strategy to be China Anchored, Globally Connected, and Technology Empowered. With the appointment of Mr. Aguzin, Mr. TAI Chi Kin, Calvin will cease to be the Interim Chief Executive of HKEX and an ex-officio member of the Board on 23 May 2021. He will continue in his roles, as Co-President and Chief Operating Officer of HKEX.