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HK's SFC names new division heads to oversee finance, enforcement

Hong Kong's Securities and Futures Commission (SFC) is set to name new division heads. Veteran Michael Duignan will be promoted to executive director to supervise initial public offerings, mergers and acquisitions, and capital raising. Kit Wilson will join the watchdog from HSBC Holdings Plc to helm the enforcement division that oversees disciplinary actions against market misconduct. The appointments come as Hong Kong’s longest-serving market regulator Ashley Alder is leaving his post to become chair of the UK’s Financial Conduct Authority in January. Duignan will rejoin the corporate finance division, where he spent five years before taking up his current senior directorship in the enforcement team. Wilson is the deputy general counsel of HSBC global banking and markets. His career spanned from the US to Hong Kong, where he served as the associate general counsel at JPMorgan Chase & Co for 10 years.

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