Harry’s impression: Former Institute president named SFC chairman

 


The Hong Kong government has appointed Tim Lui as the new Chairman of the Securities and Futures Commission (SFC). Lui, a past president of the Hong Kong Institute of CPAs, will succeed Carlson Tong Ka-shing, who is serving out the six-year maximum tenure.

Lui, who is currently Senior Tax Adviser at PwC, will step down from the position at the end of the month before taking up the role at the SFC for a three-year term, starting from 20 October. “I am privileged to have been appointed as the Chairman of the SFC to build upon the strategic priorities set by Carlson and the Board. I look forward to helping to guide the SFC – a world-class securities regulator – to meet new challenges and opportunities during my tenure,” Lui said.

Lui studied for 12 years in the United Kingdom, where he obtained a Master of Business Administration degree. He later joined Coopers & Lybrand’s (now PwC) London office as an articled clerk. In the 1980s, he returned to Hong Kong to the same firm, where he became senior partner until his retirement. He was elected president of Institute in 1997.


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