Hong Kong Exchange Names Ex-Nomura Executive To Oversee Global Issuer Services

Hong Kong Exchanges and Clearing (HKEX) has chosen Johnson Chui as its new Managing Director and Leader of Global Issuer Services. Chui is an experienced investment banker and has been in the industry for more than 20 years.

According to reports, Chui will help HKEX reach its goal of attracting international firms to list in Hong Kong. The exchange has most of its listed companies from mainland China and now wants to include companies from other countries.

HKEX Has Joined Forces With Several Exchanges For Cross-Listings

By appointing Chui, the exchange aims to broaden its international presence. Chui will be in charge of leading teams across Singapore, London, mainland China, and Hong Kong, to bring more different kinds of issuers to the city.

Chui brings a lot of experience from top financial institutions, such as Credit Suisse, Citigroup Goldman Sachs, and most lately, Nomura. At Nomura, he held the position of Senior Director and Leader of Equity Capital Markets for Asia, except Japan.

He has a lot of experience in the area of equity capital markets and this will give him the skills to handle the challenges of raising money worldwide. For some time now, HKEX has been making progress and it is now a top global exchange.

A few months ago, HKEX teamed up with exchanges in Indonesia and the Middle East to enable cross-listings, in an attempt to draw more international IPOs. In addition, ex-Chief Executive Officer Nicolas Aguzin broadened HKEX’s global reach by setting up branches in New York and London. This move allowed the exchange to enter major financial markets.

HKEX Aims To Strengthen Its Position As A Leading Global Exchange

The Deputy Chief Executive Officer of HKEX, Yiu Ka-yan gave his opinion concerning the newly appointed Managing Director. He said with over 25 years of expertise in international capital markets, the firm believes Chui will be an important asset to the leadership group. He added that Chui will help to strengthen HKEX’s place as a top global exchange for issuers.

HKEX noted that it is not only focused on drawing in international listings but also making efforts to maintain its lead in the IPO market. The exchange revealed that it has put in place measures to reduce listing standards for pre-revenue technology businesses and special-purpose acquisition firms.

The outcomes of these actions are reportedly becoming evident. HKEX recorded its most impressive second quarter to date, with 18 firms raising a total of HK$8.6 billion (US$1.1 billion). This shows an increase of 79% from the preceding quarter. The exchange is presently analyzing 106 listing requests.