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16 December, 2004


Hong Kong Securities Institute (HKSI) announces
the appointment of new Chairman and new Directors

The seventh AGM of the Hong Kong Securities Institute was held on 15 December 2004. During the meeting, six directors were appointed. Followed by the AGM, Mr Edward Pak Chung Kwan was elected at the Board Meeting as Chairman of the Institute.

Retiring Chairman, Mr Alec Tsui comments,

"The Institute will benefit enormously from the extensive experience of Mr Edward Kwan acting as Chairman. His broad finance experience and extensive network of contacts in the securities industry will help to guide the direction of the Institute in the coming years."

As HKSI Chairman Mr Kwan brings with him over twenty years of experience in the securities market. He began his career in the futures industry at Sun Hung Kai in 1976 and joined the HSBC Group in 1982, where he is now Chief Executive Officer of HSBC Broking Services (Asia) Limited.

In addition to establishing a successful business career, Mr Kwan has also played an important role in the development of the securities industry in Hong Kong through a variety of voluntary appointments to industry bodies and securities committees. He has served as a Board member of the HKSI since the inception in 1997 and has also been actively involved in the evolution of the HKSI's examinations, training and membership services.

The following three HKSI members were also elected as Directors of the Board:

Ms Ella WS Cheng : Company Secretary
Senior Vice President - Business Development
Administration and Human Resources
Pacific Century Insurance Holdings Limited
Ms Barbara Shiu : Chief Risk Officer
BOC International Holdings Limited
Mr Richard D Winter : Deputy Chairman, Head of Corporate Finance
Quam Limited

In addition, three additional Directors appointed by the Securities and Futures Commission are:

Mr Rick Adkinson : Managing Director
Private Capital Limited
Mr Brian YT Ho : Senior Director of Corporate Finance
Securities and Futures Commission
Ms Alice SM Law : Director of Intermediaries & Investment Products
Securities and Futures Commission

The following eight members remain on the Board:

Mr Edward PC Kwan (Chairman)
Mr Au King-lun
Mr Bob Bunker
Prof KC Chan
Mr Lawrence KM Fok
Mr Dannis JH Lee
Mr Alec YW Tsui
Mr Gary WK Cheung (Chief Executive)

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For media enquires, please contact:

Mr Gary Cheung, Chief Executive on 3120 6288 or
Ms Tricia Klinger, Director - Corporate Communications on 3120 6158

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