HKEX’s new CEO is put on clean-up duty

Market issues: A man walks past an electronic board showing the share index at the HKEX. There has been a steady stream of flare-ups between the bourse and the regulator over IPO quality, the proliferation of shell companies and whether to allow dual class shares. — AP

HONG KONG: The veteran JPMorgan Chase & Co banker who’s taking the helm at Hong Kong’s exchange has been put on clean-up duty.

Chairman Laura Cha has handed Nicolas Aguzin, who takes charge yesterday, the task of reviewing the exchange’s practices after a bribery scandal and censure from the regulator, according to people familiar with the matter.