This content is from: Portfolio

The 2015 Tech 50: Charles Li

The Hong Kong Exchanges and Clearing CEO climbs to No. 15 on this year’s Tech 50 ranking.

15
Charles Li
Chief Executive Officer
Hong Kong Exchanges and Clearing

Shanghai–Hong Kong Stock Connect, the literally boundary-breaking network over which equity transactions began flowing last September, appeared to be the climactic act of Charles Li’s five-year run as chief executive of Hong Kong Exchanges and Clearing. Li, however, sees the so-called through train as just a start, in terms of both its own potential and additional cross-border linkages with other mainland markets and beyond. He says he is pleased with Stock Connect’s first several months; volumes built slowly and accelerated markedly in April. “Stock Connect is a long-term scheme, and its significance will be measured in years, not days or weeks,” says Li, 53, who was chairman of JPMorgan Chase & Co.’s China activities for six years before taking the HKEx helm in 2010. “The immediate achievement was the infrastructure itself, which enabled us to connect markets with widely differing systems, operating procedures and rules,” he adds. “The program has performed well against the three important measures of success for any major market infrastructure project: safety, stability and smooth operation.” Another high-profile initiative centers on the London Metal Exchange, which HKEx acquired in 2012 for $2.2 billion. LME has been extending its connections to China’s capital markets via Hong Kong, and in May it released a Chinese-language version of its smart phone app. Noting that LME brought clearing in-house last September with the launch of LME Clear, Li says, “LME and LME Clear are a key part of our international strategy to diversify our business and extend into commodities trading and clearing. They are already making an important contribution to our bottom line.”

See the full story, “The 2015 Tech 50: Racers to the Edge.”


The 2015 Tech 50

1. Jeffrey Sprecher
Intercontinental Exchange
2. Catherine Bessant
Bank of America Corp.
3. Phupinder Gill
CME Group
4. Lance Uggla
Markit
5. Robert Goldstein
BlackRock
6. Shawn Edwards &
Vlad Kliatchko
Bloomberg
7. R. Martin Chavez
Goldman Sachs Group
8. Deborah Hopkins
Citi Ventures
9. Stephen Neff
Fidelity Investments
10. Adena Friedman
Nasdaq OMX Group
11. David Craig
Thomson Reuters
12. Daniel Coleman
KCG Holdings
13. Michael Spencer
ICAP
14. Michael Bodson
Depository Trust & Clearing Corp.
15. Charles Li
Hong Kong Exchanges and Clearing
16. Chris Concannon
BATS Global Markets
17. Christopher Perretta
State Street Corp.
18. Antoine Shagoury
London Stock Exchange Group
19. Kevin Rhein
Wells Fargo & Co.
20. Neil Katz
D.E. Shaw & Co.
21. Lee Olesky
Tradeweb Markets
22. Richard McVey
MarketAxess Holdings
23. Seth Merrin
Liquidnet Holdings
24. Robert Alexander
Capital One Financial Corp.
25. Frank Bisignano
First Data Corp.
26. John Marcante
Vanguard Group
27. Joseph Squeri
Citadel
28. Lou Eccleston
TMX Group
29. Claude Honegger
Credit Suisse
30. Chris Corrado
MSCI
31. David Gledhill
DBS Bank
32. John Bates
Software AG
33. Michael Cooper
BT Radianz
34. Gary Scholten
Principal Financial Group
35. Sunil Hirani
trueEX Group
36. Hauke Stars
Deutsche BÖrse
37. Brian Conlon
First Derivatives
38. Jim Minnick
eVestment
39. Lars Seier Christensen & Kim Fournais
40. Tyler Kim
MaplesFS
41. Jim McGuire
Charles Schwab Corp.
42. Steven O'Hanlon
Numerix
43. Sebastián Ceria
Axioma
44. Yasuki Okai
NRI Holdings America
45. Stephane Dubois
Xignite
46. Mazy Dar
OpenFin
47. Brian Sentance
Xenomorph Software
48. Mas Nakachi
OpenGamma
49. John Lehner
BNY Mellon Technology Solutions Group
50. Jock Percy
Perseus

Related Content