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Hong Kong stock exchange chief Nicolas Aguzin to step down

Former JPMorgan banker led HKEX at a time when it has struggled to maintain its status

Nicolas Aguzin is to leave his role as chief executive of Hong Kong’s stock market operator HKEX, at the end of a three-year term during which the exchange has struggled to maintain its status as a listings destination.

Aguzin, a former JPMorgan banker known as “Gucho”, has “informed the board that he will not seek reappointment at the end of his current contract in May 2024”, HKEX said in a statement on Friday.

He will be replaced by Bonnie Chan, HKEX’s chief operating officer, who has been given a three-year term.

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