Related News
HKEx gives CEO pay rise in new deal
Source: Bloomberg News |
September 14, 2012, Friday
|
Print Edition
Print Edition
HONG Kong Exchanges & Clearing Ltd has renewed the contract of CEO Charles Li and given him a 7.5 percent pay rise, said a statement from the exchange on Wednesday.
Li's salary was increased to HK$8.09 million (US$1.04 million), according to the statement. His new contract will run from October 16 to October 15, 2015. Last year Li was paid a salary of HK$7.52 million and a HK$7.52 million bonus, according to the HKEx's annual remuneration report.
The company, which lost its place as the world's biggest exchange operator by market value to CME Group Inc, is seeking to broaden its business as the pipeline of large initial public offerings from China slows and equity volumes fall. It is bidding to buy the London Metal Exchange to expand into commodities markets and is developing cross-border products with its Shenzhen and Shanghai counterparts.
Singapore Exchange Ltd renewed the contract of its CEO in June through 2015 and included a 33 percent pay rise.
Li's salary was increased to HK$8.09 million (US$1.04 million), according to the statement. His new contract will run from October 16 to October 15, 2015. Last year Li was paid a salary of HK$7.52 million and a HK$7.52 million bonus, according to the HKEx's annual remuneration report.
The company, which lost its place as the world's biggest exchange operator by market value to CME Group Inc, is seeking to broaden its business as the pipeline of large initial public offerings from China slows and equity volumes fall. It is bidding to buy the London Metal Exchange to expand into commodities markets and is developing cross-border products with its Shenzhen and Shanghai counterparts.
Singapore Exchange Ltd renewed the contract of its CEO in June through 2015 and included a 33 percent pay rise.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
