The Hong Kong Exchanges and Clearing Limited (HKEX) announced this Monday that its current Joint Chief Operating Officer and Head of Markets, Roger Lee, will be stepping down at the end of this month to begin his retirement.
Lee has been a part of the company since March 1997, and his retirement will take effect on January 1 next year. In addition to his position at HKEX, he will also retire from his roles as Chief Executive of The Stock Exchange of Hong Kong Limited (SEHK) and Hong Kong Futures Exchange Limited (HKFE).
The Chief Executive of the HKEX, Charles Li, wished Lee the best of luck in his next stage of life: “On behalf of the company, I would like to thank Roger for his considerable contributions and long service to HKEX. His deep institutional knowledge and market expertise has been of immense value to the company during his tenure. We wish him a very happy retirement.”
As a result of Lee’s retirement, Calvin Tai is will become the sole COO of the financial market operator. Furthermore, he will also serve as Head of Markets until a successor is appointed, the statement said.
At present, Tai is also the Head of Clearing and the Chief Executive of Hong Kong Securities Clearing Company Limited and OTC Clearing Hong Kong Limited. As to who will be the next Chief Executive of SEHK and HKFE, the statement released today said that an announcement for both of these positions would be released in due time.
Roger Lee’s previous roles at HKEX
Prior to his current position, between 2014 until 2015 Lee was the Deputy Head of Global Markets, Asia and Head of Market Operations at HKEX. During his time with the company, he has also held positions in structured products and fixed income, regulation, information of technology, listing operations, and cash market, among others.
When he first joined in 1997, Lee was the Director of Trading and Information Services up until 2000 at the SEHK. In addition to his professional career, he also holds a number of educational qualifications such as Master of Business Administration from the University of Hong Kong.