Hong Kong Unexpectedly Reappoints Top Securities Regulator
- Alder has held the job since 2011 and considered stepping down
- Government cites financial stability for the reappointment
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Hong Kong reappointed Ashley Alder as chief executive officer of the Securities and Futures Commission, surprisingly extending his nine-year tenure as the city’s top securities regulator.
Alder, who told his colleagues last year that he will step down when his contract expires, will remain on the job until Sept. 30, 2023, the Hong Kong government said in a statement on Monday.