HKEx to hire World Bank director as COO

Hong Kong Exchanges and Clearing (HKEx) plans to hire Patrick Conroy, director of the financial sector global partnerships group at the World Bank, as chief operating officer (COO) of the exchange.

He will replace Frederick Grede, existing COO, who is due to leave the exchange “in the near future”, said an exchange official declining to give further details on Grede’s departure.

Conroy has previously worked as senior director of the supervision of markets division at Hong Kong's regulatory authority, the Securities and Futures Commission. The exact details of his role at the exchange have yet to be finalised, said the exchange official.