HK Exchange's Aguzin makes first major management changes

HONG KONG: The new chief executive of Hong Kong Exchange and Clearing Ltd, Nicolas Aguzin has made his first management changes since joining the company in late May, a spokesman confirmed on Saturday. The HKEX's management committee will be split into two groups, with eight senior managers reporting directly to Aguzin and the rest to chief operating officer Calvin Tai, the official said.

A new markets unit will be overseen by Wilfred Yiu and Glenda So and an operations unit headed by Tai, he added. Aguzin became chief executive on May 24, after being hired from JPMorgan Chase & Co, replacing former long-serving head Charles Li.