Hong Kong Monetary Authority: Appointment of Wu Xiangzhi as Deputy Chief Executive of the Foreign Exchange Fund Investment Office effective 1 November.

On October 28, the Hong Kong Monetary Authority announced that the Financial Secretary, based on the recommendation of the Governance Committee under the Exchange Fund Advisory Committee, has approved the appointment of Wu Xiangzhi as the Deputy Chief Executive Officer of the Exchange Fund Investment Office, equivalent to the level of Assistant Chief Executive Officer. The appointment will take effect on November 1, 2025. As the Deputy Chief Executive Officer of the Exchange Fund Investment Office, Wu Xiangzhi will be responsible for overall investment management of the Exchange Fund and will report to the Chief Executive Officer of the Exchange Fund Investment Office. Wu Xiangzhi's resume shows that he previously worked as a lawyer at Clifford Chance law firm. He joined the Hong Kong Monetary Authority as a department head in 2017. In 2018, he was appointed as the Deputy Chief Investment Officer of the Exchange Fund Investment Office. In 2021, he was promoted to Chief Investment Officer of the Exchange Fund Investment Office, overseeing the diversified investment portfolios of the Exchange Fund and primarily responsible for externally managed investment portfolios. Prior to joining the Hong Kong Monetary Authority, Wu Xiangzhi served as Managing Director at Goldman Sachs and previously worked at JPMorgan Chase.