Hong Kong Exchange and Clearing Limited (HKEX) advertisement the opening of its office in New York, thus expanding the international presence of the stock exchange group and providing support to its growing global clientele.
Directed by Roger McAvoymanaging director and head of business development for North America, the New York office will provide a dedicated field team for HKEX’s North American clients.
The new office will promote HKEX’s liquid primary and secondary money markets, its unique connectivity to Mainland China markets, and its diverse set of derivatives, which together make up the most comprehensive financial market ecosystem in Asia-Pacific.
Hong Kong is Asia-Pacific’s leading international hub for trade, investment and risk management, and having a physical presence in New York, the financial capital of North America and one of the world’s great international cities, will underpin the Hong Kong HKEX’s ongoing engagement with global connectivity.
In his new role, McAvoy will continue to report to Kevin Rideout, co-head of sales and marketing at HKEX.
Nicholas Aguzin, The Chief Executive Officer of HKEX, stated that “At HKEX, we are fully focused on supporting the growth ambitions of our clients around the world and therefore I am delighted to announce the opening of our New York office.”
“We look forward to deepening our relationships with investors, companies and risk managers across the region, connecting capital with opportunity and east with west. I am confident that the office will play a vital role as we continue to increase the vitality and attractiveness of our markets and our unique China Connect programmes.”
Additionally, Aguzin added, “I am also delighted that Roger is leading our North American efforts, having done an exemplary job building our Southeast Asia franchise over the past five years leading our Singapore office. I am fully confident that, together with the rest of the HKEX team, he will be able to support our clients around the world and attract new investors and companies to Hong Kong, the region’s leading international financial centre.”
The New York office, which will trade as HKEX (US) LLC, will expand its team in the coming months, making it easier for HKEX to connect with investors, market participants and their brokers during their business day and enabling the group to establish stronger relationships with its regional customers.
The new New York office will complement HKEX’s existing international reach from its offices in Shanghai, Beijing and Singapore. HKEX is also moving forward with plans to open a European office.
