Prebon Yamane’s Hong Kong head Lam to retire

Joe Lam, managing director of brokerage house Prebon Yamane (Hong Kong), will retire from the firm following 27 years with the company. His replacement has yet to be named.

Lam started working for Prebon – then named Charles Fulton (Hong Kong) – in February 1975 as a trainee foreign exchange dealer. He later assumed the roles of spot market manager and director before becoming managing director of Prebon’s Hong Kong operation in December 1993.

In 1999, Lam took on a newly created position of managing director for Prebon’s foreign exchange and money markets business, while continuing to manage the brokerage’s Hong Kong operations. In this new role, Lam was responsible for further developing the brokerage house’s business lines throughout the Asian region. Most recently he focused on the North Asian market, where he spearheaded Prebon’s drive into mainland China and Taiwan.

In addition to being a founding member of Prebon’s Asia-Pacific executive committee, Lam was also actively involved with the financial community in Hong Kong. He had a long association with the Hong Kong Financial Markets Association (HKFMA), where he had chaired committee meetings since 1997.

Prebon declined to name Lam’s successor, but said it would reveal details in the next few weeks.