Following a spike in volumes at HKEX, Gregory Yu has been named managing director and head of markets, effective March.
In December 2024, equities turnover was HKD 2.1 billion at the exchange; up 37% year-on-year from HKD 1.4 billion in December 2023.
In the role, Yu will oversee and support the growth of HKEX’s equities, derivatives, fixed income and currencies franchises. He reports to Bonnie Chan, CEO.
Chan commented: “[Yu’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.”
Yu’s move is a loss for JP Morgan, where he held the key role of head of equities and COO for its China business. He spent 18 years with the company, working across New York and Hong Kong.
Earlier in his career, Yu spent three years with BNP Paribas in the fund derivatives business, working as a structurer and product specialist in New York and Hong Kong.
©Markets Media Europe 2024
