Hung appointed as FSDC chair

Standard Chartered's (2888) International president Benjamin Hung Pi-cheng has been appointed as the new chairman of the board of the Financial Services Development Council.

The government also reappointed three incumbent vice-chairmen, Ding Chen, Daniel R Fung, SC and Andrew Walter Bougourd Ross Weir.

The Chief Executive John Lee Ka-chiu has also appointed four new members, Edward Au Chun-hing, Aveline San Pau-len, Tony Tang Xiaodong and Daisy Yeung, as well as reappointed four incumbent members, Adrian Cheng Chi-kong, Damien Allen Green, Jeremy Dinshaw Lam and Amy Lo Choiwan. 

All appointment takes effect from January 17 for a two-year term.

Hung said Hong Kong is one of the world's top three international financial centers, with a number of unique competitive strengths proffering exciting opportunities.

"I look forward to working with the other FSDC board members and colleagues, regulators and industry practitioners to further expand Hong Kong's capabilities, sharpen its competitiveness, and enhance its position in the global financial services community," he said.

Secretary for the Financial Services and the Treasury Christopher Hui Ching-yu said Hung is a seasoned banker with extensive experience and knowledge in international finance

He said that under Hung's leadership and with four industry leaders joining as new members, he is confident that the FSDC will "continue to develop and strengthen its connection with global stakeholders."

Staff reporter