Corporate News
Appointment of Chief Executive Officer of the Hong Kong Investment Corporation Limited
The Hong Kong Investment Corporation (HKIC) announced today (3 October) the appointment of Ms Clara Chan Ka Chai as the inaugural Chief Executive Officer (CEO) of the HKIC for a term of three years. Ms Chan will assume office on 9 October 2023.
A selection panel, chaired by the Financial Secretary, made the recommendation to the Board of Directors of the HKIC (the Board) on the appointment following a global recruitment exercise. The appointment of CEO is approved by the Board. Ms Chan will lead the HKIC to implement its mission, i.e. promoting the development of target industries through making strategic investments, thereby enhancing the long-term competitiveness and economic vitality of Hong Kong while generating investment return.
The Chairman of the Board and Financial Secretary, Mr Paul Chan, said, “Ms Chan has solid knowledge and experience in the financial markets particularly investment in venture capital and private equity. She has good acumen and is well versed in the developments in the Hong Kong and Mainland markets as well as the international market. She has also developed an extensive network and close business relationship in the industry.”
“Ms Chan has deep understanding in the operation of the Government and public organisations, proven track record in building and leading teams in attaining objectives, and good leadership and management skills. I have every confidence that under her leadership, the HKIC will accelerate its development, promoting the development of target industries while pressing ahead with generating investment returns.”
Other members of the selection panel are Dr Victor Fung, Prof Lawrence Lau, Mr Carlson Tong and Chief Executive of the Hong Kong Monetary Authority Mr Eddie Yue.
Brief biographical note on Ms Chan is set out below:
Ms Clara Chan Ka ChaiMs Chan is a barrister admitted by the High Court of Hong Kong. She joined the HKMA in 2010 as a Manager in the Reserves Management Department, and was promoted as Senior Manager in 2012 and as Division Head in 2015. Ms Chan was appointed the Chief Investment Officer (Private Markets) in the Exchange Fund Investment Office in 2018, and the Executive Director (Monetary Management) in 2020. She was an Administrative Officer in the Hong Kong SAR Government from 2004 to 2010, covering subjects including home affairs, transport and financial services.
Ms Chan is the co-chair of the World Economic Forum Global Future Council on Responsible Investing, and a Council member of Lingnan University.
3 October 2023About HKIC
The HKIC is a company established and wholly owned by the Government of the Hong Kong Special Administrative Region, with a view to further optimising the use of fiscal reserves for promoting the development of the economy and industries of Hong Kong. The HKIC has brought under its management the Hong Kong Growth Portfolio, the Greater Bay Area Investment Fund and the Strategic Tech Fund established under the Future Fund, as well as the newly established Co-Investment Fund. The HKIC will, based on the direction of enhancing Hong Kong's competitiveness as well as leading and supporting the prosperous growth of strategic industries, make investments to strengthen Hong Kong's ability to attract investments and enterprises, with the aim of enhancing the structure of industries and the impetus of economic growth.