Hong Kong’s FDRC Taps Blackwell CEO Gary Cheung as Director
- Cheung has held several senior management positions in other notable stocks and securities institutions.
SFC-regulated Multi-Asset Multi-Asset Composed of varying asset classes, multi-asset is a blanket designation combining different classes such bonds, equities, cash equivalents, fixed income, and alternative investments.When compared to traditional balanced funds, multi-asset solutions differ because they target specific investment outcomes. This includes outcomes such as return above inflation as opposed to gauging performance against standardized benchmarks.Given the composition of multi-asset classes, they need to be dynamically Composed of varying asset classes, multi-asset is a blanket designation combining different classes such bonds, equities, cash equivalents, fixed income, and alternative investments.When compared to traditional balanced funds, multi-asset solutions differ because they target specific investment outcomes. This includes outcomes such as return above inflation as opposed to gauging performance against standardized benchmarks.Given the composition of multi-asset classes, they need to be dynamically Read this Term brokerage Blackwell Global Hong Kong today announced that its CEO Gary Cheung has been named Director of the Financial Dispute Resolution Centre (FDRC) for a term of two years, effective March 1, 2018.
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Founded in 2012, the Financial Dispute Resolution is part of the Hong Kong government’s efforts to provide customers with a venue to air their grievances against bankers and brokers. The aim of the FDRC is to provide a quick and cost-effective means of resolving disputes between consumers and financial institutions. The FDRC allows individuals to refer claims of up to $500,000.
Mr. Cheung's appointment is made in alignment with the FDRC's recent overhauls. He has been in the financial services sector for more than three decades, and brings a wealth of expertise in managing SFC-regulated companies. His career encompasses senior roles - he was CEO of Tung Shing Securities (Brokers) Limited.
Cheung has held several senior management positions in other notable stocks and securities institutions such as Sun Hung Kai & Co, Ltd. and the Hong Kong Securities Institute.
Commenting on his appointment, Gary Cheung said: “Dispute resolution is crucial for an international financial Hub Hub A hub as its name suggests describes the center of activity or a focal point. In terms of finance, the term hub can refer to Hub and Spoke Trading or a liquidity hub. However, the terms are not interchangeable, but they do overlap. Hub and Spoke trading refer to a network that posts bids and offers for an asset and therefore creates a real market. For example, Hub and Spoke trading allow traders to see the other submissions and offers from other traders on the platform. This is a popular method A hub as its name suggests describes the center of activity or a focal point. In terms of finance, the term hub can refer to Hub and Spoke Trading or a liquidity hub. However, the terms are not interchangeable, but they do overlap. Hub and Spoke trading refer to a network that posts bids and offers for an asset and therefore creates a real market. For example, Hub and Spoke trading allow traders to see the other submissions and offers from other traders on the platform. This is a popular method Read this Term such as Hong Kong. The dispute arises due to the diversity and complexity of financial products, as well as investors’ lack of risk and product knowledge. The recognition of the rights of participants and the availability of an avenue for resolution should there be a conflict becomes even more paramount. I’m honoured to be part of the organisation, and I look forward to contributing towards a safer finance industry.”
SFC-regulated Multi-Asset Multi-Asset Composed of varying asset classes, multi-asset is a blanket designation combining different classes such bonds, equities, cash equivalents, fixed income, and alternative investments.When compared to traditional balanced funds, multi-asset solutions differ because they target specific investment outcomes. This includes outcomes such as return above inflation as opposed to gauging performance against standardized benchmarks.Given the composition of multi-asset classes, they need to be dynamically Composed of varying asset classes, multi-asset is a blanket designation combining different classes such bonds, equities, cash equivalents, fixed income, and alternative investments.When compared to traditional balanced funds, multi-asset solutions differ because they target specific investment outcomes. This includes outcomes such as return above inflation as opposed to gauging performance against standardized benchmarks.Given the composition of multi-asset classes, they need to be dynamically Read this Term brokerage Blackwell Global Hong Kong today announced that its CEO Gary Cheung has been named Director of the Financial Dispute Resolution Centre (FDRC) for a term of two years, effective March 1, 2018.
Discover credible partners and premium clients at China’s leading finance event!
Founded in 2012, the Financial Dispute Resolution is part of the Hong Kong government’s efforts to provide customers with a venue to air their grievances against bankers and brokers. The aim of the FDRC is to provide a quick and cost-effective means of resolving disputes between consumers and financial institutions. The FDRC allows individuals to refer claims of up to $500,000.
Mr. Cheung's appointment is made in alignment with the FDRC's recent overhauls. He has been in the financial services sector for more than three decades, and brings a wealth of expertise in managing SFC-regulated companies. His career encompasses senior roles - he was CEO of Tung Shing Securities (Brokers) Limited.
Cheung has held several senior management positions in other notable stocks and securities institutions such as Sun Hung Kai & Co, Ltd. and the Hong Kong Securities Institute.
Commenting on his appointment, Gary Cheung said: “Dispute resolution is crucial for an international financial Hub Hub A hub as its name suggests describes the center of activity or a focal point. In terms of finance, the term hub can refer to Hub and Spoke Trading or a liquidity hub. However, the terms are not interchangeable, but they do overlap. Hub and Spoke trading refer to a network that posts bids and offers for an asset and therefore creates a real market. For example, Hub and Spoke trading allow traders to see the other submissions and offers from other traders on the platform. This is a popular method A hub as its name suggests describes the center of activity or a focal point. In terms of finance, the term hub can refer to Hub and Spoke Trading or a liquidity hub. However, the terms are not interchangeable, but they do overlap. Hub and Spoke trading refer to a network that posts bids and offers for an asset and therefore creates a real market. For example, Hub and Spoke trading allow traders to see the other submissions and offers from other traders on the platform. This is a popular method Read this Term such as Hong Kong. The dispute arises due to the diversity and complexity of financial products, as well as investors’ lack of risk and product knowledge. The recognition of the rights of participants and the availability of an avenue for resolution should there be a conflict becomes even more paramount. I’m honoured to be part of the organisation, and I look forward to contributing towards a safer finance industry.”