Nicolas Aguzin CEO of the Hong Kong Exchange to Step Down Earlier

As part of the international financier’s efforts to accelerate the leadership transition, Nicolas Aguzin, Chief Executive of Hong Kong Exchanges & Clearing, will step down by February end.

HKEX’s co-chief operating officer, Bonnie Yiting Chan, has been appointed CEO for a term of 3 years, with effect from March 1.

As a former executive at JPMorgan Chase, Aguzin helped steer the stock exchange through a difficult time in 2021. In light of China’s slowing economy and the deepening rout in Chinese equity markets, Chan’s appointment comes at a time when Hong Kong’s position as a top IPO destination is being tested.