Ashley Alder, chief executive of Hong Kong's Securities and Futures Commission (SFC), will step down to become chair of Britain's Financial Conduct Authority, the SFC said on Friday.
Alder has led Hong Kong's markets watchdog since 2011 and will leave the post at the end of September, taking up his new role in January 2023.
During Alder’s tenure, the SFC and the Chinese authorities formed multiple cross-border market schemes such as the stock, fund and bond trading links. Under his watch, the SFC took a more interventionist role policing Hong Kong’s capital markets after a series of stock crashes and wild price swings threatened to undermine the market.
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