Published by Asia Asset Management – 23rd Oct 2018
Hong Kong’s Pension Scheme Association (PSA) has appointed veteran wealth and asset manager Shirley Lam as its new chief executive officer, succeeding Heman Wong who resigned recently.
The group, which made the announcement in a statement on October 22, says Ms. Lam has “vast experience in wealth and asset management, as well as pension trust and administration”.
Ms. Lam has held senior positions in Manulife Asset Management (Manulife), including as chief administrative officer for Asia ex-Japan, head of affiliate wealth for Asia, and head of North Asia Investments. Prior to that she worked at JPMorgan Chase Bank in Hong Kong for six years, where her last position was as senior vice president regional business executive for Asia, excluding Japan and Australia.
PSA Chairman KP Luk says the board welcomes Ms. Lam and “looks forward to working with her closely and further developing the association as a consultative body in the mandatory provident fund (MPF) industry”.
He says the board thanks Mr. Wong for his “great effort in laying a solid foundation for this newly established association”.
Mr. Wong, who was PSA’s first chief executive, resigned on October 17, seven months after he was appointed.
PSA was set up this February by six MPF scheme sponsors, including Fidelity International, Hong Kong and Shanghai Banking Corporation, and Manulife, which collectively manage about 80% of the scheme’s assets.
Its main objective is to increase transparency of the MPF business operation to its stakeholders in order to boost trust and confidence in the system and its service providers.
The MPF industry had total assets under management of HK$893 billion (US$114.48 billion) as at end-January 2018.
