The appointments of Cindy Chen to lead post-trade business development at HKEX and Wolfgang Eholzer as Chief Technology Officer at Eurex Exchange will be some of the last executives moves announced in 2018.
HKEX has announced the appointment of Cindy Chen as Head of Post-Trade Business Development, Clearing at HKEX, where she will report to Joint Chief Operating Officer and Head of Clearing, Calvin Tai.
Chen has over 20 years of experience in Capital Markets and Securities and Fund Services in Hong Kong and New York. She joins HKEX from Citi Hong Kong, where she was Head of Securities Services.
The Post-Trade Business Development Team was established in mid-2018 in order to improve the development of HKEX’s offering in the post-trade environment across equities, fixed income and currency markets.
As head of the team, Cindy Chen is responsible for identifying new business opportunities and working with the exchange’s broad customer and stakeholder base to develop its clearing services.
Calvin Tai, Joint Chief Operating Officer and Head of Clearing at HKEX, said:
“We are delighted to welcome Cindy to HKEX. Her considerable expertise, knowledge of Hong Kong and international financial markets and her proven track record in business development will be of immense value to us as we look to further develop our post-trade business. I know she will be a very valuable addition to the team.”
In addition to the post-trade business, Chen will be in charge of the company’s Distributed Ledger Technology (DLT) project which aims to bring greater efficiency to the market through a blockchain-powered post-trade allocation and processing platform.
Eurex, the leading derivatives exchanges, has added Wolfgang Eholzer as Chief Technology Officer. The appointment, which is effective as of January 2019, will lead to a focus on the company’s IT strategy and on Eurex‘s trading system T7.
Having joined Eurex in 2007 as head of the Eurex Trading Technology Roadmap, which resulted in the delivery of interfaces for order management and market data, Eholzer had previously worked for Deutsche Börse Group‘s IT delivery organization since 1998.
Thomas Book, CEO of Eurex Exchange and member of Deutsche Börse’s Executive Committee, said:
“I am very happy that Wolfgang is joining the board. He is an outstanding IT expert, he knows the industry very well and he has contributed to our success for many years. With this appointment, we further strengthen the role IT plays for our business.“