Hong Kong Government Appoints Standard Chartered Bank President Benjamin Hung Pi-cheng as Chairman of the Financial Services Development Council (FSDC), 3 Vice-Chairmen Ding Chen, Daniel R Fung SC & Andrew Walter Bougourd Ross Weir, and 14 Board Members
16th January 2025 | Hong Kong
The Hong Kong government has announced the appointment of Standard Chartered Bank President Benjamin Hung Pi-cheng as Chairman of the Financial Services Development Council (FSDC), 3 Vice-Chairmen Ding Chen, Daniel R Fung, SC & Andrew Walter Bougourd Ross Weir, and 14 board members (17/1/25). Hong Kong FSDC (14/1/24): “The Government announced today (January 14) that the Chief Executive had appointed Mr Benjamin Hung Pi-cheng as the new Chairman of the Board of Directors of the Financial Services Development Council (FSDC), and reappointed three incumbent Vice-Chairmen, Ms Ding Chen, Mr Daniel R Fung, SC and Mr Andrew Walter Bougourd Ross Weir. The Chief Executive has also appointed four new members, Mr Edward Au Chun-hing, Ms Aveline San Pau-len, Mr Tony Tang Xiaodong and Ms Daisy Yeung, as well as reappointed four incumbent members, Dr Adrian Cheng Chi-kong, Mr Damien Allen Green, Mr Jeremy Dinshaw Lam and Ms Amy Lo Choi- wan. All appointments are effective from January 17, 2025 for a term of two years.” Benjamin Hung – Ben was appointed Standard Chartered’s President, International in April 2024. He sits on the Group’s Management Team and is the Chairman of both Standard Chartered Bank (China) Limited and Standard Chartered Bank (Singapore) Limited. Ben joined Standard Chartered in 1992 and has held a number of senior management positions spanning corporate, commercial and retail banking. Prior to his current role, he was CEO, Asia, overseeing the Bank’s presence in 21 Asian markets. Ben is a member of the Hong Kong Chief Executive’s Council of Advisers, Exchange Fund Advisory Committee and the General Committee of the Hong Kong General Chamber of Commerce. He is the Co-Chair of B20’s Trade and Investment Taskforce. He also serves as an economic advisor at the International Consultative Conference on the Future Economic Development of Guangdong Province, Mainland China. He was previously the chairman of the Hong Kong Association of Banks, a member of the Financial Services Development Council, a board member of the Hong Kong Exchanges and Clearing Limited, the Hong Kong Airport Authority and the Hong Kong Hospital Authority, and a Council Member of the University of Hong Kong. The Financial Services Development Council (FSDC) was established in 2013 by the Government of the HKSAR as a high-level advisory body to engage the industry in formulating proposals to promote the further development of the financial services industry of Hong Kong and to map out the strategic direction for the development. In September 2018, the FSDC was incorporated as a company limited by guarantee. This change allows it to better discharge its functions through research, market promotion, and human capital development with greater flexibility.
” Hong Kong Government Appoints Standard Chartered Bank President Benjamin Hung Pi-cheng as Chairman of the Financial Services Development Council (FSDC), 3 Vice-Chairmen Ding Chen, Daniel R Fung SC & Andrew Walter Bougourd Ross Weir, and 14 Board Members “
The Secretary for the Financial Services and the Treasury, Mr Christopher Hui: “Through conducting policy researches, promoting market development and nurturing talents, the FSDC has made most valuable contributions to Hong Kong’s financial services industry. Mr Hung is a seasoned banker with extensive experience and profound knowledge in international finance. Over the years, he has been actively serving the community and taken up various public positions. Under Mr Hung’s leadership and with four industry leaders joining as new members, we are confident that the FSDC will continue to develop and strengthen its connection with global stakeholders, thus reinforcing Hong Kong’s status as an international financial centre … … We extend our heartfelt gratitude to the outgoing Chairman, Mr Laurence Li Lu-jen, SC. Mr Li’s sterling leadership has brought the FSDC to attain remarkable achievements in effectively delivering its missions and promoting the further development of Hong Kong’s financial services industry over the past six years.” He also expressed gratitude to the four outgoing members, Ms Diana Cesar, Ms Lena Chan, Mr Brian Li Man-bun and Dr Lin Yong, for their contributions to the FSDC during their tenure.
Laurence Li Lu-jen, SC: “I am grateful to the Government and to all our board, committee, advisory group and working group members, as well as to other partners and the staff of the FSDC for the opportunities to work together on a diverse range of initiatives. I am deeply humbled by the experience. I am also very proud of the FSDC’s achievements in these six years: 32 research reports; two funding programmes to support jobs in the financial services sector during COVID; 58 external visits to tell the good stories of Hong Kong in Asia, the Middle East, Europe, North America, and Africa; and nine MOUs with counterparts in Paris, Casablanca, Luxembourg, Saudi Arabia, Qatar, Beijing, Shanghai, and Istanbul. I am sure the FSDC will scale new heights under Mr Benjamin Hung’s chairmanship, and happily offer my best wishes.”
Benjamin Hung: “It is an honour to be appointed as the new Chairman of FSDC. Hong Kong is one of the world’s top three international financial centres, with a number of unique competitive strengths proffering exciting opportunities in the years ahead. I look forward to working with the other FSDC board members and colleagues, regulators and industry practitioners to further expand Hong Kong’s capabilities, sharpen its competitiveness, and enhance its position in the global financial services community.”
The membership list of the FSDC Board of Directors with effect from January 17, 2025, is as follows:
Chairman
————
Mr Benjamin Hung Pi-cheng*
Vice-Chairmen
————
Ms Ding Chen
Mr Daniel R Fung, SC
Mr Andrew Walter Bougourd Ross Weir
Members
———–
Mr Edward Au Chun-hing* Mr Ronald Chan Wai-yan Mr Ben Chan Wei-beng
Dr Adrian Cheng Chi-kong Mr Damien Allen Green Mr Jeremy Dinshaw Lam Ms Luanne Lim Hui-hung Ms Amy Lo Choi-wan
Ms Aveline San Pau-len* Ms Jennifer Tan Yuen-chun Mr Tony Tang Xiaodong* Ms Daisy Yeung*
Dr Au King-lun (in the capacity as Executive Director of the FSDC)
Ex-officio member
———————–
Mr Christopher Hui (in the capacity as Secretary for Financial Services and the Treasury)
* New appointees
Hong Kong Government Appoints Standard Chartered Bank President Benjamin Hung Pi-cheng as Financial Services Development Council (FSDC) Chairman, 3 Vice-Chairmen Ding Chen, Daniel R Fung SC & Andrew Walter Bougourd Ross Weir, and 14 Board Members
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