Blackwell Global Hong Kong names Gary Cheung its CEO

Maria Nikolova

Mr Cheung has been in the financial services sector for more than 30 years.

SFC-regulated multi-asset brokerage Blackwell Global Hong Kong has today announced that it has appointed finance veteran Gary Cheung Wai Kwok as Chief Executive Officer with immediate effect.

Mr Cheung’s leadership appointment is part of a rigorous and comprehensive nomination that was made in alignment with the company’s mission and direction. He has been in the financial services sector for more than 30 years, including his previous roles as Chief Executive Officer of Tung Shing Securities (Brokers) Limited from 2011 – 2016, and Managing Director of South China Financial Holdings Limited from 2009 – 2011. Mr. Cheung has held several senior management positions in other notable stocks and securities institutions such as Sun Hung Kai & Co, Ltd. and the Hong Kong Securities Institute.

“Security and reliability are of paramount importance to our traders,” said Mr. Cheung, “They look for the best when searching for their ideal brokerage, and we aim to provide nothing short of exemplary services and values.”

His immense wealth of experience and expertise in managing SFC-regulated companies include the foreign exchange market, the bullion and commodities business, financing, fund management, business development and clearing business for both brokers and financial institutions. As a highly regarded leader in his field, Mr. Cheung believes in a need for transparent leadership, and finds great value in consistency and dependability.

“I’m well confident of Mr Cheung’s stellar leadership and experience which extends beyond the Hong Kong financial markets,” said Michael Chai, Chairman of Blackwell Global Holdings Limited (Hong Kong), “There’s no better time to have him on board, especially with recent expansions in the local investment scene.”

Read this next

Retail FX

Traders Union Names RoboForex the Best Forex Broker of 2023

In a recent update, Traders Union has unveiled its highly anticipated ranking of the Best Forex Brokers for 2023, continuing its tradition of providing valuable information to traders.

Digital Assets

PayPal introduces its stablecoin to Venmo users

PayPal has revealed that its PYUSD stablecoin, designed for payments and transfers, is now accessible through Venmo. This stablecoin, fully backed by US dollar deposits and similar assets, provides selected users with a regulated, dollar-denominated digital currency.

Opinion

Stagflation Speculation: Is the UK Economy Heading for Uncharted Waters?

Amid rising concerns about a potential recession, the term “stagflation” is increasingly being used to describe the UK’s current economic scenario, characterized by conflicting indicators such as high inflation and stagnant growth.

Industry News

Exness Becomes Titanium Sponsor for 6th Annual Forex Expo in Dubai.

Multi-asset broker Exness has been named the Titanium Sponsor for the 6th edition of the Forex Expo in Dubai, further cementing its role as a key player and supporter in the trading industry.

Digital Assets

Mt. Gox victims to wait another year for repayments

Nobuaki Kobayashi, the trustee responsible for managing the assets of the now-defunct Mt. Gox Bitcoin exchange, has announced an extension of the deadline for repaying the exchange’s creditors.

Technology

Sumsub launches Non-Document Verification in the UK: Client onboarding in 5 seconds

Sumsub’s partnership with OneID introduces Non-Document Verification, enabling near-instant identity verification through official bank records while ensuring compliance with UK regulations.

Industry News

CFTC fines Advantage Futures $395,000 for 12.8 million unmonitored trades

Collectively, these failures by Advantage resulted in over 12.8 million cleared contracts not being processed or surveilled from July 2018 to June 2022. This accounts for nearly 1.5% of the trading volume by Advantage’s customers during that four-year period.

Industry News

SEC doubles down on fund names rule: “Growth”, “Value”, “ESG” better watch out

“As the fund industry has developed over the last two decades, gaps in the current Names Rule may undermine investor protection. Today’s final rules will help ensure that a fund’s portfolio aligns with a fund’s name. Such truth in advertising promotes fund integrity on behalf of fund investors.”

Industry News

ASIC sues crypto exchange Kraken over alleged margin trading product violations

“These proceedings should send a message to the crypto industry that products will continue to be scrutinised by ASIC to ensure they comply with regulatory obligations in order to protect consumers. ASIC’s action should be a reminder of the importance to comply with the design and distribution obligations so that financial products are distributed to consumers appropriately.”

<