Norman Chan | |
---|---|
2nd Chief Executive of the Hong Kong Monetary Authority | |
In office 1 October 2009 –30 September 2019 | |
Chief Executive | Sir Donald Tsang Leung Chun-ying Carrie Lam |
Preceded by | Joseph Yam |
Succeeded by | Eddie Yue |
3rd Director of the Chief Executive's Office | |
In office 1 July 2007 –31 July 2009 | |
Preceded by | Donald Tsang |
Succeeded by | Raymond Tam |
Personal details | |
Born | Norman Chan Tak-Lam 1954 Hong Kong |
Nationality | Hong Kong Chinese |
Political party | none |
Children | 2 |
Alma mater | Queen's College Chung Chi College,CUHK (BSS) |
Occupation | Treasury official,Civil servant |
Profession | Sociologist,bank director,civil servant |
Signature | |
Norman Chan | |||||||||||||
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Traditional Chinese | 陳德霖 | ||||||||||||
Simplified Chinese | 陈德霖 | ||||||||||||
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Norman Chan Tak-lam,GBS,JP (born 1954),is a Hong Kong banker,treasury official,and civil servant. Chan was Chief Executive of the Hong Kong Monetary Authority from 2009 to 2019. [1] [2] He previously served as Director of the Office of the Chief Executive of the HKSAR and Regional Vice-Chairman of Standard Chartered Bank. [3]
Norman Chan graduated from Queen's College,Hong Kong,and then earned a degree in sociology at the Chinese University of Hong Kong. In 1976 Chan entered the Hong Kong Civil Service as an Administrative Officer. By 1991 he was appointed a Deputy Director of Monetary Management at the Exchange Fund of Hong Kong. At the creation of the Hong Kong Monetary Authority (HKMA) in 1993,Chan was named an Executive Director,and later took the role of vice president. In December 2005,he became the Vice-Chairman of the Asian region of Standard Chartered Bank. [3] In July 2007,he was appointed as Director of the Office of the Hong Kong Chief Executive.
In July 2009,Financial Secretary John Tsang named Chan to the role of HKMA Chief Executive,from 1 October that year,on the retirement of Joseph Yam. Chan was compensated with an annual base salary of HK$6 million. [4] With his reappointment in 2014, [5] Chan served as Chief Executive for exactly ten years,stepping down from the role in a pre-announced move on 1 October 2019. [6]
Within weeks,he was reportedly in consideration for the role of Chief Executive of Hong Kong,as news leaked of Carrie Lam's imminent removal from the post. [7] [8]
In 2014,he and his HKMA predecessor Joseph Yam said that Occupy (the 2014 Hong Kong protests,aka the Umbrella Movement) could threaten city's economic growth. [9]
In June 2020,Chan and his wife,through their company Citirich (Hong Kong) Limited bought a 1,040 square foot office on the 10th floor of the Kam Chung Commercial Building on Hennessy Road in Wan Chai. [10] The office was purchased for HK$10.8 million without a mortgage. [10]
The Government of the Hong Kong Special Administrative Region,commonly known as the Hong Kong Government or HKSAR Government,is the executive authorities of Hong Kong. It was formed on 1 July 1997 in accordance with the Sino-British Joint Declaration of 1983,an international treaty lodged at the United Nations. This government replaced the former British Hong Kong Government (1842–1997). The Chief Executive and the principal officials,nominated by the chief executive,are appointed by the State Council of the People's Republic of China. The Government Secretariat is headed by the Chief Secretary of Hong Kong,who is the most senior principal official of the Government. The Chief Secretary and the other secretaries jointly oversee the administration of Hong Kong,give advice to the Chief Executive as members of the Executive Council,and are accountable for their actions and policies to the Chief Executive and the Legislative Council.
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