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  • Title
    Chairman
  • Affiliation
    Hong Kong Exchanges and Clearing
  • Country
    Hong Kong
  • 2020 Rank
    43

Cha, who became the first female chair of Hong Kong Exchange and Clearing in 2018, spent a chunk of past year leading the hunt to fill the most notable vacancy in the city: CEO of HKEX, parent of Hong Kong’s main bourse. In February she and the HKEX board gave the job to Nicolas Aguzin. The head of J.P. Morgan’s international private bank was an unconventional pick; he’s the first HKEX CEO who’s not Chinese. Despite that choice, Cha, also a director at Unilever, has spent her tenure at the company pursuing initiatives that more closely tie HKEX to the mainland. In recent years, HKEX has benefited from mainland-based firms seeking an alternative to New York amid U.S.-China tensions. IPOs on HKEX raised record proceeds in the first half of 2021—$26 billion in total, two-thirds of which came via mainland-based firms, but in the third quarter Beijing’s regulatory crackdown cooled Hong Kong’s IPO pipeline as some Chinese firms put their listings on hold.

 

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