23 January 2024
The Insurance Authority (IA) today (23 January 2024) welcomed a decision made by the Government to appoint Mr Clement Lau as Executive Director, Policy and Legislation, for a term of three years until January 2027.
Mr Stephen Yiu, Chairman of the IA, said, “Armed with an impressive track period in public administration and financial supervision, Mr Lau is an ideal candidate to take up this senior position and contribute towards fulfilling our statutory functions. I firmly believe that his arrival will add vitality and strength to the management team in the IA.”
Mr Lau will be responsible for coordinating the corporate planning exercise, reviewing legislative frameworks and regulatory instruments for necessary refinement, engaging with industry stakeholders to understand their aspirations, steering of research and public education efforts as well as formulating policies and initiatives to promote Hong Kong as a premier insurance hub.
A separate recruitment exercise for the two Executive Directors in charge of Long Term Business and General Business respectively is making good progress, and the outcome will be announced shortly.
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