HKMA to swap jobs of 2 deputy heads as part of succession planning: sources

The Hong Kong Monetary Authority (HKMA) will reshuffle the roles of two deputy chief executives next month as part of the de facto central bank’s succession planning strategy, two sources with knowledge of the matter told the South China Morning Post.

Darryl Chan Wai-man will take over as CEO of HKMA’s Exchange Fund Investment Office from November 9, where he will manage the HK$4.46 trillion (US$568 billion) Exchange Fund – the war chest used to defend Hong Kong’s local currency, according to...