Wednesday, July 30, 2014   

Norman Chan reappointed as HKMA chief
(03-20 16:55)

Norman Chan Tak-lam has been reappointed as the chief executive of the Hong Kong Monetary Authority for five years with effect from October 1, 2014, Financial Secretary John Tsang Chun-wah announced today.
"Under Norman's leadership in the past few years, the HKMA has tackled the shocks and challenges following the global financial crisis and effectively maintained the stability of Hong Kong's monetary and financial systems,'' Tsang said.
Chan will get a fixed pay HK$6.5 million every year at the beginning of his new term, and will be reviewed in April each year.
The annual performance-linked variable pay will be capped at HK$2.6 million.
   
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