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MPFA Appoints Five Senior Staff

The Mandatory Provident Fund Schemes Authority (MPFA) announced the appointment of five senior staff today (1 September).

The Hon. Charles LEE, Yeh-kwong, Chairman of the MPFA, said, "The Chief Executive has approved the appointment of three Executive Directors in charge of the regulation and supervision of MPF and ORSO schemes. The MPFA has also selected suitable candidates to fill the posts of Head (Information Technology) and Legal Adviser."

The five senior staff are -
 
(1) Ms. Hendena Yu
Executive Director (ORSO Schemes)
   
(2) Mr. Raymond Tam
Executive Director (Service Supervision)
   
(3) Mr. Peter Tam
Executive Director (Member Protection)
   
(4) Mrs. Agnes Mak
Head (Information Technology)
   
(5) Mr. Gregory Willis
Legal Adviser

Mr. Lee said that he was very pleased to have recruited the five senior staff. They were found to be most suitable among the candidates shortlisted for interview by the relevant selection boards from the numerous applications received. The three Executive Directors and Head (Information Technology) reported for duty on 1 September while the Legal Adviser will take up his post in mid-September. "They are very experienced and fully qualified for the posts concerned," added Mr. Lee.

Both Ms. Hendena Yu and Mr. Raymond Tam have been actively involved in the preparation for the introduction of MPF. They have previously worked in actuarial and pensions consultancy firms, the Office of the Registrar of Occupational Retirement Schemes, the Office of the Commissioner of Insurance, and the now disbanded MPF Office.

Mr. Peter Tam has extensive administration and management as well as insurance experience in Hong Kong and Canada. In the past four years he held senior positions in the Airport Authority.

Mrs. Agnes Mak has 20 years of experience in computer and information technology related fields. She has been active in community services and is the Chairman or member of a number of committees giving advice to the universities, government departments and public bodies on IT and other issues. She was honoured in 1995 as one of the Ten Outstanding Young Persons by the Hong Kong Junior Chamber of Commerce.

Mr. Gregory Willis is an experienced lawyer. He has previously worked for the Hong Kong Government and provided legal advice on policy and legal issues in various areas including banking, insurance, exchange fund and occupational retirement schemes. He has also worked for a major financial group for eight years, mainly responsible for retirement scheme and provident fund services.

In response to media speculations on the top management posts in the MPFA, Mr. Lee reiterated that the recruitment exercise for the Managing Director and other senior officers was still in progress. Separate announcements would be made when the appointments are confirmed.

End

1 September 1999