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Hong Kong’s Top Market Regulator Alder to Join UK Watchdog

  • Will become head of the UK’s Financial Conduct Authority
  • His early departure adds to talent drain from Hong Kong’s SFC
Ashley Alder in 2018. 
Ashley Alder in 2018. Photographer: Anthony Kwan/Bloomberg
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Hong Kong’s longest-serving market regulator Ashley Alder is unexpectedly leaving his post to become chair of the UK’s Financial Conduct Authority, marking one of the highest-profile departures from the Asian financial hub.

Alder will take up the new role in January, the Securities and Futures Commission said in a statement Friday. A recruitment exercise for his successor will start soon, the SFC said.