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Hong Kong Exchanges CFO Marzo Resigns After Seven Months in Job

Dec. 24 (Bloomberg) -- Hong Kong Exchanges & Clearing Ltd. Chief Financial Officer Stephen Marzo tendered his resignation just seven months after being appointed, the world’s biggest bourse by value said in a statement today.

Marzo, who joined the exchange in June after serving as CFO at commodities trader Noble Group Ltd., will leave his post on Jan. 13, according to the statement. A committee will be formed to find the next candidate, and Deputy CFO Vincent Kwong will take over his responsibilities in the meantime, it said.

Hong Kong Exchanges spokeswoman Lorraine Chan declined to comment on the reasons for Marzo’s departure or the timing of the selection of the next candidate. Phone calls to Marzo were not answered. The city’s bourse this month completed its $2.2 billion takeover of the London Metal Exchange.

To contact the reporter on this story: Kana Nishizawa in Hong Kong at knishizawa5@bloomberg.net.

To contact the editor responsible for this story: Nick Gentle at ngentle2@bloomberg.net.

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