Hong Kong Exchanges and Clearing Limited (HKEX) announced it has recruited Alejandro Nicolas Aguzin as Chief Executive, effective 24 May 2021.
FortuneZ recently learned in a press release that Alejandro Nicolas Aguzin, an executive financial veteran with experience in capital markets and financial services, has been appointed by Hong Kong Exchanges and Clearing Limited (HKEX), an international exchange operator, as its new Chief Executive of HKEX.
The post is termed for three years and is subject to the Securities and Futures Commission approval. Additionally, Aguzin will take on the responsibilities as an ex-officio member of the HKEX Board of Directors immediately.
Aguzin brings both regional and international experience in capital markets and financial services. He has extensive knowledge of Mainland China after spending many years as Chief Executive for JP Morgan in Asia.
The Board believes that Aguzin’s extensive experience will help HKEX continue to build its competitiveness. Also, it will support the ongoing growth and development of Hong Kong’s unique financial markets. Further, the Board predicts that his expertise will complement the existing skills within the organisation.
A Review of Aguzi’s Vocation
Prior to the announcement, Aguzin has been serving JP Morgan Chase for more than three decades. Currently, he is the CEO of JP Morgan’s International Private Bank, which he began in 2019. Also, he is a member of the Operating Committee for the asset and wealth management business
Moreover, he is serving three different company boards and has done for the last few years. These include Mercadolibre.com, the Asia Society and Eisenhower Fellowships, according to his LinkedIn profile.
In 2013, he served in Hong Kong as the Chairman and CEO of Asia Pacific for JP Morgan. He presided over the area for the bank and piloted its growth in China and in the region.
Seven years earlier, he took on the role of CEO of Latin America. Located in New York, he met the objectives of the position. Further, in 2000, he became Head of M&A and Investment Banking for Latin America. Aguzin’s performance in his other roles for the bank paved the way forth to his success. The roles took him to Buenos Aires and New York over the course of ten years.
Drive Ongoing Growth and Development
Commenting on the announcement, Laura M Cha, HKEX Chairman, said: “We are delighted to announce the appointment of Mr Aguzin as the new Chief Executive of HKEX. He brings with him a wealth of international and regional experience in capital markets and financial services, including extensive knowledge of Mainland China, having served as chief executive for JP Morgan in Asia. This will be invaluable to us as we continue to build our business’ success, as well as drive the ongoing growth and development of Hong Kong as a leading international financial centre.”
Nicolas Aguzin, Chief Executive-designate of HKEX, said: “I am deeply honoured to be asked to lead the world’s largest stock market group, especially at such an important time for global financial markets. In recent years, HKEX has been instrumental in defining the evolution of Asian finance and has become the world’s leading IPO venue. I am excited to now have the opportunity to build on the solid foundations of innovation, impact and progress created by my predecessors.”
Since Aguzin’s appointment, Calvin Tai has completed his term as the Interim Chief Executive of HKEX. Though, Tai will persist in his other roles, as Co-President and Chief Operating Officer of HKEX.
“On behalf of the Board, I would like to thank Mr Calvin Tai for his excellent stewardship this year, and for his continuing commitment to our business and support of markets and our community,” Cha added.