Hong Kong Exchanges and Clearing Limited (HKEX) is pleased to announce the appointment of Richard Wise as Group Chief Risk Officer, effective November this year. He will report to HKEX Chief Executive Charles Li, and join the company’s Management Committee.
Mr Wise will oversee the Group’s risk management functions, including Group Credit and Quantitative Analysis, Group Cyber and Technology Risk Management, and Enterprise Risk Management.
Mr Wise joins HKEX from Credit Suisse, where he is currently Chief Risk Officer - Asia Pacific. He will relocate to Hong Kong from Singapore to take up the role.
HKEX Chief Executive Charles Li said: “I am very delighted to welcome Richard to HKEX to lead our critical risk management function. He brings to the Group nearly three decades of experience in financial markets, and will work across the business to ensure that our risk culture, policies and procedures are front and central in all that we do.”
Mr Wise will succeed John Killian, who had previously led HKEX’s finance function as Group Chief Financial Officer, and took on the role of Group Risk Officer earlier this year.
Li said: “At the time, John indicated to me he wished to retire from HKEX, but that he would remain fully committed to managing Group Risk while we searched for, and appointed, a new Group CRO.”
“I would like to personally, and on behalf of the business, thank John for his leadership and professionalism throughout. He epitomises our HKEX values and what it means to be a leader in our organisation,” Li added.
To ensure a smooth transition, Mr Killian will remain with HKEX until the first quarter of 2021.
Biography of Richard Wise
Richard Wise has nearly three decades of experience in financial markets, having worked in London, Tokyo, New York and Singapore. He has held senior risk roles over the last 20 years, including as Global Head of Market Risk Management at JP Morgan and Chief Risk Officer for JP Morgan Securities LLC, both in New York. He started his career in London trading equity derivatives and fixed income products, and holds a double first class degree in Mathematics, from Cambridge University.