Hong Kong Exchanges and Clearing Limited (HKEx) announced in Hong Kong on May 14 new senior appointments and revisions to its organization structure.

According to HKEx's, the changes will further enhance HKEx's regulatory and business operations as well as improve the overall efficiency of its two exchanges and the associated clearing houses.

Gerald Greiner will join HKEx on May 17 2004 as Deputy Chief Operating Officer and Head of Exchange Division.

The Exchange Division will focus on managing trading and marketoperations, developing new products, conducting market surveillance, recruiting new Exchange Participants and servicing and training existing Exchange Participants.

The Business Development and Investor Services Division (BDISD),which will be under the management of Lawrence Fok, will focus on managing investor relations, recruiting new listed issuers and promoting HKEx and its markets to the general public through educational seminars.

BDISD will comprise three departments including Business Development, Investor Services and Beijing Representative Office. Fok will report to Chief Executive Paul Chow.

Alfred Wong has been appointed Head of Information Technology Division (ITD) and Chief Technology Officer.

HKEx Chief Executive Paul Chow said, "These changes resulted from a review that looked into how we could further enhance our organization structure, improve operational efficiency and strengthen HKEx's regulatory, risk management and market operations."