Hong Kong Monetary Authority Deputy Chief Executive Norman Chan has resigned, and will leave office in May, According to a government press release Tuesday.

Authority Chief Executive Joseph Yam hailed Chan's efforts in the body's reserves management and international affairs, saying his departure is a great loss.

Chan said his time at the authority has given him the most satisfying and memorable experiences in a public service career of nearly three decades.

"Now, after nearly 30 years in the public service, I have decided that this is the right time for me to take a break from the public sector and pursue other interests," Chan said, adding he intends to study abroad.

Chan joined the authority on its establishment in 1993, having served as a Government Administrative Officer since 1976. He was made Deputy Chief Executive in 1996.

Source: Xinhua