Hong Kong Exchange Hires JP Morgan 18-Year Veteran Gregory Yu as Head of Markets & Nomura Kevin Rumjahn as Head of Strategic Projects, Gregory Yu was JP Morgan General Manager & Head of Equities at JP Morgan Securities China in Shanghai & Prior was with BNP Paribas, Zurich Capital Markets & Salomon Smith Barney in New York & London, Kevin Rumjahn was Nomura Head of Asia-ex Japan Consumer & Retail Investment Banking & Prior was with Credit Suisse, ING Barings Asia, Citic Securities & Citigroup
13th January 2025 | Hong Kong
Hong Kong Exchange (HKEX) has hired JP Morgan 18-year veteran Gregory Yu as Head of Markets and Nomura Kevin Rumjahn as Head of Strategic Projects. Gregory Yu was JP Morgan General Manager & Head of Equities at JP Morgan Securities China in Shanghai, and prior was with BNP Paribas, Zurich Capital Markets & Salomon Smith Barney in New York & London. Kevin Rumjahn was Nomura Head of Asia-ex Japan Consumer & Retail Investment Banking, and prior was with Credit Suisse, ING Barings Asia, Citic Securities & Citigroup. HKEX (10/1/25): “Hong Kong Exchanges and Clearing Limited (HKEX) is pleased to announce today (Friday) the appointments of Gregory Yu as Managing Director, Head of Markets, and Kevin Rumjahn as Managing Director, Head of Strategic Projects. In his new role, Mr Yu will help drive the continued vibrancy of HKEX’s equities, derivatives, and fixed-income and currencies franchises, and oversee the development of the Markets function, further elevating Hong Kong’s leading position as an international capital market. Mr Yu will join HKEX in March after over 18 years at JP Morgan, and will report to HKEX Chief Executive Officer, Bonnie Y Chan. He will also become a member of the Group’s Management Committee … … Mr Rumjahn, who joins HKEX on 13 January 2025 after over 25 years in senior corporate finance roles, will be charged with leading key strategic projects relating to the Group’s corporate and operations initiatives, working closely across the Operations, Group Strategy, Markets, as well as the Platform and Market Structure Development divisions. He will report to HKEX Chief Operating Officer and Group Chief Financial Officer, Vanessa Lau.” In 2024 December, Hong Kong Exchange (HKEX) Senior Management Changes – Deputy CEO & Co-COO Wilfred Yiu will retire at the end of 2024, Vanessa Lau appointed as sole COO, Glenda So as Head of Platform & Market Structure Development (effective 1/1/25), and hires Goldman Sachs 20-year veteran & Co-Head of APAC Operations Xu Liang as Head of Operations (10/2/25).
“ Hong Kong Exchange Hires JP Morgan 18-Year Veteran Gregory Yu as Head of Markets & Nomura Kevin Rumjahn as Head of Strategic Projects, Gregory Yu was JP Morgan General Manager & Head of Equities at JP Morgan Securities China in Shanghai & Prior was with BNP Paribas, Zurich Capital Markets & Salomon Smith Barney in New York & London, Kevin Rumjahn was Nomura Head of Asia-ex Japan Consumer & Retail Investment Banking & Prior was with Credit Suisse, ING Barings Asia, Citic Securities & Citigroup “
HKEX Chief Executive Officer, Bonnie Y Chan: “I am delighted to welcome Greg to HKEX. He brings with him over 25 years of capital markets and financial services experience, with a career that spans the US, Hong Kong, and Mainland China. Greg’s extensive knowledge of the international and Mainland China markets will make him a valued member of the senior team, as we continue to deliver on our strategic imperatives to elevate the depth and attractiveness of Hong Kong’s markets. … … I would like to warmly welcome Kevin to the HKEX family. His extensive experience in corporate finance and client engagement, as well as his deep understanding of Hong Kong-listed companies and markets, make him very well suited to this newly-created strategic role to help us deliver our mission critical projects and initiatives, supporting the resilience and innovation of the Hong Kong marketplace.
These two important additions to our management team underscore HKEX’s steadfast commitment to investing in talent to drive the Group’s continued success, further bolstering HKEX’s position as a leading global exchange.”
Gregory Yu – Mr Yu joins HKEX from JP Morgan, where has worked since 2006 in various senior capacities in Hong Kong and Mainland China, and was most recently General Manager and Head of Equities at JP Morgan Securities (China) Company in Shanghai. Prior to his role in Shanghai, Mr Yu has served as Head of Structuring and Head of Equity Derivatives Sales & Marketing for Asia Pacific. He started his career with Salomon Smith Barney, and has subsequently worked in Zurich Capital Markets, and BNP Paribas in New York and Hong Kong. Mr Yu has a Bachelor of Science degree in business management and applied economics from Cornell University in Ithaca, New York, and is currently a Cornell University Council Member.
Kevin Rumjahn – Mr Rumjahn joins HKEX from Nomura, where he was most recently Managing Director, Head of Asia-ex Japan Consumer and Retail Investment Banking. Prior to Nomura, he spent over 15 years at Credit Suisse in Hong Kong as Managing Director, Head of Greater China Corporate Finance, and was also responsible for Hong Kong coverage in the Investment Banking & Capital Markets division. Earlier in his career he also worked at ING Barings Asia, Citic Securities Hong Kong and Citigroup Asia. Mr Rumjahn has a Master of Accounting and Bachelor of Arts in accounting from the University of Waterloo in Canada. He is a qualified Chartered Professional Accountant in Ontario, Canada.
HKEX – Hong Kong Exchanges and Clearing Limited (HKEX) is a publicly-traded company (HKEX Stock Code: 388) and one of the world’s leading global exchange groups, offering a range of equity, derivative, commodity, fixed income and other financial markets, products and services, including the London Metal Exchange. As a superconnector and gateway between East and West, HKEX facilitates the two-way flow of capital, ideas and dialogue between China and the rest of the world, through its pioneering Connect schemes, increasingly diversified product ecosystem and its deep, liquid and international markets. HKEX is a purpose-led organisation which, across its business and through the work of HKEX Foundation, seeks to connect, promote and progress its markets and the communities it supports for the prosperity of all.
Hong Kong Exchange Senior Management Changes: Deputy CEO & Co-COO Wilfred Yiu to Retire at End of 2024, Vanessa Lau Appointed as Sole COO, Glenda So as Head of Platform & Market Structure Development, Hires Goldman Sachs 20-Year Veteran & Co-Head of APAC Operations Xu Liang as Head of Operations
2nd December 2024 – Hong Kong Exchange (HKEX) Senior Management Changes – Deputy CEO & Co-COO Wilfred Yiu will retire at the end of 2024, Vanessa Lau appointed as sole COO, Glenda So as Head of Platform & Market Structure Development (effective 1/1/25), and hires Goldman Sachs 20-year veteran & Co-Head of APAC Operations Xu Liang as Head of Operations (10/2/25). HKEX (29/11/24): “Hong Kong Exchanges and Clearing Limited (HKEX) today (Friday) announced a number of senior management changes, which will take effect from 1 January 2025, unless otherwise stated. Wilfred Yiu, Deputy Chief Executive Officer, Co-Chief Operating Officer and Co-Head of Markets, will retire at the end of 2024 following a distinguished career in the financial services industry. Mr Yiu will also retire as Chief Executive of The Stock Exchange of Hong Kong Limited (SEHK) and Hong Kong Futures Exchange Limited (HKFE) … … Following Mr Yiu’s retirement, Vanessa Lau will become the sole HKEX Chief Operating Officer, in addition to her existing role as Group Chief Financial Officer. Ms Lau will also become Chief Executive of SEHK and HKFE. These appointments have been approved by the Securities and Futures Commission. With Ms Lau’s expanded remit, HKEX is pleased to announce that Xu Liang will join the Group as Managing Director, Head of Operations. Mr Xu joins HKEX on 10 February 2025 and will report to Ms Lau in her COO capacity. In this newly-created role, Mr Xu will direct the Group’s Hong Kong market operations, overseeing the trading, post-trade, and market surveillance and monitoring functions, ensuring the continued robustness, efficiency, and reliability of HKEX’s markets. HKEX is also pleased to announce that Glenda So, currently Co-Head of Markets, will become Head of Platform and Market Structure Development, where she will lead a new division focused on supporting the Group’s delivery of new and innovative platforms and initiatives that will further enhance the diversity and efficiency of its markets. Reporting to Group Chief Information Officer, Richard Leung, Ms So and her team will oversee new and existing projects that explore adjacencies, and that address the Group’s market structure development needs of tomorrow. In the interim, Ms So will continue to help oversee the Markets division until the appointment of a new Head of Markets, to be announced in due course.”
HKEX Deputy Chief Executive Officer, Co-Chief Operating Officer, and Co-Head of Markets, Wilfred Yiu: “Serving HKEX and the Hong Kong capital markets has been a privilege and a key highlight of my career, and I’d like to thank all my colleagues, partners and stakeholders who have supported me on our journey. We have achieved much as a team over the last few years, progressing our markets through enhancements that greatly boosted the competitiveness of the Hong Kong IFC. I wish all my HKEX colleagues the very best – guided by the capable leadership of Bonnie and her management team – as they write the next chapter of the Hong Kong financial markets story.”
HKEX Chief Executive Officer, Bonnie Y Chan: “Wilfred has been a highly-valued member of our senior leadership team, and his many contributions to the Group have supported the continued resilience and attractiveness of Hong Kong’s markets. Since joining HKEX in April 2019, Wilfred oversaw the successful implementation of a number of key microstructure enhancements, including the Connect programme expansion, ETF reforms, launch of Derivatives Holiday Trading and the Dual Counter Model, and most recently, the introduction of Severe Weather Trading. He also led the expansion of our product ecosystem, adding diversity and breadth to our marketplace. I’d like to thank Wilfred for his support, wise counsel, and more importantly his friendship, over the last few years. I fully respect his decision to retire, and I want to wish him some very well-deserved time off with his family … … I am pleased to congratulate Glenda on her new role and to welcome Liang to HKEX. These appointments reflect our steadfast commitment to futureproofing our business, as we continue innovating for the next generation of investors, whilst maintaining the resilience, dependability and vibrancy that are hallmarks of our financial markets. Their significant operational and project management experience in financial services will help further bolster HKEX’s position as a leading global exchange.”
Biography of Mr Xu Liang – Mr Xu joins HKEX after nearly 20 years at Goldman Sachs Group in the US, Mainland China and Hong Kong, where he was most recently Managing Director, Co-Head of Asia-Pacific Operations. He previously held other senior operational roles at the investment bank, including Head of Asia Local Markets Operations, Head of China Operations, and Head of Asia IBD Operations. Before that Mr Xu worked at Procter & Gamble in the US. Mr Xu has a Bachelor of Science degree in mechanical engineering from Tulane University in the US, and a Master of Business Administration from the Stern School of Business at New York University.
HKEX – Hong Kong Exchanges and Clearing Limited (HKEX) is a publicly-traded company (HKEX Stock Code: 388) and one of the world’s leading global exchange groups, offering a range of equity, derivative, commodity, fixed income and other financial markets, products and services, including the London Metal Exchange. As a superconnector and gateway between East and West, HKEX facilitates the two-way flow of capital, ideas and dialogue between China and the rest of the world, through its pioneering Connect schemes, increasingly diversified product ecosystem and its deep, liquid and international markets. HKEX is a purpose-led organisation which, across its business and through the work of HKEX Foundation, seeks to connect, promote and progress its markets and the communities it supports for the prosperity of all.
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