Norman Chan Tak-lam, GBS, JP (born 1954), is a

Hong Kong Hong Kong)., Legally Hong Kong, China in international treaties and organizations. is a special administrative region of China. With 7.5 million residents in a territory, Hong Kong is the fourth most densely populated region in the wor ...

banker A bank is a financial institution that accepts Deposit account, deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital m ...

, treasury official, and

civil servant The civil service is a collective term for a sector of government composed mainly of career civil service personnel hired rather than elected, whose institutional tenure typically survives transitions of political leadership. A civil service offic ...

. Chan was Chief Executive of the Hong Kong Monetary Authority from 2009 to 2019. He previously served as Director of the Office of the Chief Executive of the HKSAR and Regional Vice-Chairman of

Standard Chartered Bank Standard Chartered PLC is a British multinational bank with operations in wealth management, Wholesale banking, corporate and investment banking, and treasury services. Despite being headquartered in the United Kingdom, it does not conduct retai ...

Career

Norman Chan graduated from

Queen's College, Hong Kong Queen's College () is the first public secondary school founded by the British colonial government in Hong Kong. It was initially named The Government Central School () in 1862 and later renamed Victoria College () in 1890, and finally obtain ...

, and then earned a degree in

sociology Sociology is the scientific study of human society that focuses on society, human social behavior, patterns of Interpersonal ties, social relationships, social interaction, and aspects of culture associated with everyday life. The term sociol ...

at the

Chinese University of Hong Kong The Chinese University of Hong Kong (CUHK) is a public university, public research university in Sha Tin, New Territories, Hong Kong. Established in 1963 as a federation of three university college, collegesChung Chi College, New Asia Coll ...

. In 1976 Chan entered the

Hong Kong Civil Service The Hong Kong Civil Service is managed by 13 policy bureaux in the Government Secretariat, and 67 departments and agencies, mostly staffed by civil servants. The Secretary for the Civil Service (SCS) is one of the Principal Officials appointed ...

as an Administrative Officer. By 1991 he was appointed a Deputy Director of Monetary Management at the Exchange Fund of Hong Kong. At the creation of the

Hong Kong Monetary Authority The Hong Kong Monetary Authority (HKMA) is the central bank, central banking institution of Hong Kong. It is a government authority founded on 1 April 1993 when the Office of the Exchange Fund and the Office of the Commissioner of Banking merge ...

(HKMA) in 1993, Chan was named an Executive Director, and later took the role of vice president. In December 2005, he became the Vice-Chairman of the Asian region of

. In July 2007, he was appointed as Director of the Office of the Hong Kong Chief Executive. In July 2009,

Financial Secretary Financial secretary is an administrative and executive government position within the governance of a state, corporation, private or public organization, small group or other body with financial assets. A financial secretary oversees policy con ...

John Tsang John Tsang Chun-wah, GBM, JP (; born Mui; born 21 April 1951) is a Hong Kong former senior civil servant and government official who was the longest-serving Financial Secretary of Hong Kong SAR to date, from 2007 to 2017. Born in Hong Kong ...

named Chan to the role of HKMA Chief Executive, from 1 October that year, on the retirement of Joseph Yam. Chan was compensated with an annual base salary of HK$6 million. With his reappointment in 2014, Chan served as Chief Executive for exactly ten years, stepping down from the role in a pre-announced move on 1 October 2019. Within weeks, he was reportedly in consideration for the role of

Chief Executive of Hong Kong The chief executive of the Hong Kong Special Administrative Region is the representative of the Hong Kong Special Administrative Region and head of the Government of Hong Kong. The position was created to replace the office of Governor of ...

, as news leaked of

Carrie Lam Carrie Lam Cheng Yuet-ngor ( Cheng; ; born 13 May 1957) is a retired Hong Kong politician who served as the fourth Chief Executive of Hong Kong from 2017 to 2022, after serving as Chief Secretary for Administration for five years. After g ...

's imminent removal from the post.

Political comment

In 2014, he and his HKMA predecessor Joseph Yam said that Occupy (the

2014 Hong Kong protests A series of sit-in street protests, often called the Umbrella Revolution and sometimes used interchangeably with Umbrella Movement, or Occupy Movement, occurred in Hong Kong from 26 September to 15 December 2014. The protests began after th ...

, aka the Umbrella Movement) could threaten city's economic growth.Occupy threatens city's growth, warn Norman Chan and Joseph Yam
SCMP, 30 October 2014

Office

In June 2020, Chan and his wife, through their company Citirich (Hong Kong) Limited bought a 1,040 square foot office on the 10th floor of the Kam Chung Commercial Building on

Hennessy Road Hennessy Road () is a thoroughfare on Hong Kong Island, Hong Kong. It connects Yee Wo Street on the east in Causeway Bay, at the junction with East Point Road, Jardine's Bazaar and Great George Street, Hong Kong, Great George Street in East ...

Wan Chai Wan Chai (Traditional Chinese characters, Chinese: 灣仔) is located in the western part of Wan Chai District on the northern shore of Hong Kong Island, Hong Kong. It is bounded by Canal Road, Hong Kong, Canal Road to the east, Arsenal St ...

. The office was purchased for HK$10.8 million without a mortgage.

References

External links

HKMA profile
{{DEFAULTSORT:Chan, Norman Living people 1954 births Government officials of Hong Kong Alumni of the Chinese University of Hong Kong Central bankers Hong Kong chief executives Hong Kong financial businesspeople Alumni of Queen's College, Hong Kong