Hong Kong Exchange CEO departs after three tough years

'Crisis' caused by heightened U.S.-China tensions and COVID-19 fallout

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Hong Kong Exchange recorded an 18% surge in net profit last year, but its stock market performance did not match this result. (Photo by Kenji Kawase)

KENJI KAWASE, Nikkei Asia chief business news correspondent

HONG KONG -- Nicolas Aguzin, CEO of the Hong Kong Exchange, is leaving his position on Thursday with a solid result in his wake -- but a low mark from the stock market. 

The exchange announced on Thursday that its "revenue and other income" for 2023 was 20.51 billion Hong Kong dollars ($2.62 billion) and its net profit was HK$11.86 billion -- up by 11% and 18% respectively from the previous year.

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