HKEX appoints Winsome Ng as MD, Head of Internal Audit

Rick Steves

Winsome Ng shares an extensive J.P. Morgan background with the new HKEX CEO Nicolas Aguzin.

Hong Kong Exchanges and Clearing Limited (HKEX) has appointed Winsome Ng as Managing Director and Group Head of Internal Audit, reporting directly to both CEO Nicolas Aguzin and Stephen Yiu, Chairman of HKEX’s Audit Committee.

Ms. Ng will be responsible for HKEX Group’s Internal Audit function, as well as providing independent assurance to the Board on the group’s risk management, governance and internal control processes.

Effective in early September, Ms. Ng joins HKEX from Credit Suisse, where she was Managing Director and Chief Auditor, Asia Pacific for the past five years.

At Credit Suisse, she was responsible for risk assessments and audit coverage of the bank’s Asia-Pacific businesses across 10 markets.

Her veteran experience also counts with 19 years at J.P. Morgan, where she was most recently Managing Director and Regional Audit Head, Asia Pacific – Corporate and Investment Bank.

Nicolas Aguzin, Chief Executive Officer at HKEX, said: “I am very pleased to be welcoming Winsome to HKEX. She brings solid experience and technical knowledge of the financial services sector and capital markets to our business, and I look forward to working with her as we continue to strengthen and advance Hong Kong’s role as a leading international financial center.”

HKEX CEO Aguzin is also an executive with a firm J.P. Morgan background as he led the investment bank’s growth in China as the region’s chief executive officer for nine years just before joining HKEX earlier this year.

Prior to that, he held a number of roles during his 30 years with the firm, including Head of Investment Banking, Asia Pacific from 2015 to 2019, and as CEO of JP Morgan Latin America from 2005 to 2012.

In April, HKEX made another high-profile appointment with the announcement of Lisa O’Connor as Managing Director, Head of Post Trade Change, where she will be working across HKEX’s clearing and settlement system initiatives to expand the firm’s post-trade services offering and improve efficiencies.

Ms. O’Connor joined HKEX from SWIFT, where she held a number of senior roles throughout nine years at the company, most recently as Head of Capital Markets Strategy, based in Hong Kong.

With nearly 25 years of experience in the financial services industry, she has also worked at Standard Chartered Bank as Head of HK Securities Services.

Read this next

Retail FX

ThinkMarkets expands CFDs lineup to over 4000 ETFs and shares

ThinkMarkets has expanded its service offering by incorporating 2500 new CFDs on shares and ETFs on its ThinkTrader platform.

Retail FX

France regulator warns investors of Omega Pro, Businessempire.fr

France’s financial markets regulator alerted investors that scams related to Omega Pro Ltd are beginning to circulate, with the blacklisted firm capitalizing on the situation to run a range of “unrealistic” offers.

Digital Assets

Web3 platform Grand Time paid $2 million in token earnings to date

Community-driven Web3 platform Grand Time said its offering – which includes a multifaceted platforms and its native token – has been gaining significant traction highlighted by impressive operational metrics.

Institutional FX

FX volumes at MOEX halved in April as ruble gains gorund

Currency trading at Moscow Exchange (MOEX) halted its upward route in April as monthly volumes nearly halved from a month earlier.

Digital Assets

FTX US adds stock trading, fractional shares to crypto platform

FTX US, the American subsidiary of crypto exchange FTX has kicked off stock trading feature to its customers in an effort to compete with popular platforms such as Robinhood and eToro.

Industry News

UK FCA empowered to remove brokers’ permissions in 28 days

Businesses with permissions they don’t need or use, risk misleading consumers. These new powers will enable us to take quicker action to cancel permissions that are not used or needed.

Industry News

CFTC charges $44m Ponzi scheme but millions may have fled to foreign crypto exchange

The CFTC alleged that defendants transferred millions of dollars to an off-shore entity that, in turn, may have transferred funds to a foreign cryptocurrency exchange. None of these funds were returned to the pool.

Technology

Saxo Bank deploys Adenza to address Basel and EBA requirements

The integration of ControllerView will enhance Basel-driven capital calculations and reporting at Saxo Bank in support of the bank’s multijurisdictional capital and liquidity reporting requirements throughout Denmark, Switzerland and UK, with plans to expand into the Netherlands.

Executive Moves

ComplySci appoints CTO, CPO, and CLO to further regtech’s product expansion

ComplySci offers compliance software used by more than 1400 global institutions to identify risk and address regulatory compliance challenges.

<