The choice of Nicolas Aguzin as the next chief executive of Hong Kong Exchanges and Clearing (HKEX) runs against the grain of recent history.
It nevertheless signals to global investors that for all of its recent travails, the city is still open to business.
The new appointment looks good on paper. Like his predecessor Charles Li, who ran HKEX from 2010 to 2020, Aguzin is a veteran of JPMorgan.
One banker describes him as a “big-picture thinker with great contacts who will be able to explain Hong Kong policy to a global audience and convince them their investments are protected”.
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