Trevor Spanner, formerly Chief Operating Officer (COO) and Group Risk Officer (GRO), has been appointed CIO and will head the new IT and Platform Development Division. Mr. Spanner will no longer serve as COO but will continue to serve as GRO on an interim basis until an appropriate successor is appointed. All CTOs of the group's operations in Hong Kong, London and Mainland China will report to Mr. Spanner and will continue to report to the chief executive of their respective subsidiaries of the group. Richard Leung, formerly co-head of IT, has been appointed Deputy CIO. Mr. Leung will assist Mr. Spanner to head the new IT and Platform Development Division and will also become Chief Technology Officer (CTO) of HKEX's operations in Hong Kong, succeeding Bill Chow who retired recently. Mr. Leung will report to HKEX Chief Executive Charles Li in his capacity of CTO for Hong Kong.