Charles Li will retire from the role as the chief executive of Hong Kong Exchanges and Clearing Limited (HKEX) at the end of this year, the company said in a statement Tuesday.
Li informed the board of directors of HKEX of the early retirement on Tuesday, months after the company unveiled his intention not to seek reappointment at the end of the current contract in October 2021.
Calvin Tai, currently co-president and chief operating officer, will be the interim chief executive, effective January 2021, following Li's retirement.
HKEX expressed gratitude to Li for his outstanding contribution and strong leadership over the past 11 years, when HKEX successfully transformed from a regional stock exchange into one of the world's premier market infrastructure groups.
