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HomeExecutive MovesHKEX appoints ex-Goldman Sachs Matthew Cheong to lead platform's focus on derivatives
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HKEX appoints ex-Goldman Sachs Matthew Cheong to lead platform’s focus on derivatives

Hong Kong Exchanges and Clearing Limited (HKEX) has appointed Matthew Cheong as Managing Director, Head of Structured Products and Platform Business Development.

Matthew Cheong joins HKEX from Goldman Sachs, where for the past five years he was Managing Director, Global Markets (Equities). Prior to that he held various senior roles at JP Morgan and Morgan Stanley, focused on developing trading systems and technology.

Cheong to support focus on developing HKEX equities and derivatives offering

As Managing Director, Head of Structured Products and Platform Business Development, Matthew Cheong will lead HKEX’s structured products team and drive initiatives to develop the Group’s platform business, supporting its ongoing focus on developing its equities and derivatives offering.

He will work closely with the HKEX Sales and Marketing teams to support market outreach and engagement and collaborate with the Operations and IT Divisions on the development and implementation of the platforms for relevant HKEX products.

The newly appointed executive will report to HKEX Co-Chief Operating Officer & Head of Equities Wilfred Yiu, who is responsible for overseeing the operation of HKEX’s cash, derivatives, clearing and depository businesses, as well as playing the role of CEO of both The Stock Exchange of Hong Kong Limited and Hong Kong Futures Exchange Limited.

Wilfred Yiu, Co-Chief Operating Officer and Head of Equities at HKEX, said: “We are very pleased to welcome Matthew to HKEX. He brings more than 20 years of experience focused on developing various trading platforms and overseeing market making initiatives, including structured products, warrants and execution services. He has worked for a number of the world’s leading investment banks and his experience will be invaluable to HKEX as we continue to enhance our derivatives product offerings and build on our innovative and robust platform business, connecting capital with opportunities.”

In January, the exchange operator promoted Bonnie Y Chan to Co-Chief Operating Officer (Co-COO) to oversee the Chief China Economist’s Office, Corporate Communications, Group Strategy, Human Resources, Mainland Development, and LME Clear.

Katherine Ng will replace Bonnie Y Chan as Head of Listing, and becoming a member of the HKEX Management Committee. She joined HKEX in 2013 as Head of Policy and Secretariat Services, Listing Division.

Glenda So becomes Group Head of Emerging Business and FIC, overseeing Market Policy and Development, in addition to her current responsibilities leading Fixed Income and Currency Markets, Data and Connectivity, Digital Assets and Carbon/ESG Markets.

Matthew Chamberlain, Group Head of Commodities and CEO of the London Metal Exchange, will become responsible for all of HKEX’s commodities business, including the Qianhai Mercantile Exchange and Global Commodities Product Development.

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