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

Hong Kong Hong Kong ( (US) or (UK); , ), officially the Hong Kong Special Administrative Region of the People's Republic of China (abbr. Hong Kong SAR or HKSAR), is a List of cities in China, city and Special administrative regions of China, special ...

banker A bank is a financial institution that accepts 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 markets. Becaus ...

, treasury official, and

civil servant The civil service is a collective term for a sector of government composed mainly of career civil servants hired on professional merit rather than appointed or elected, whose institutional tenure typically survives transitions of political leaders ...

. 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 multinational bank with operations in consumer, corporate and institutional banking, and treasury services. Despite being headquartered in the United Kingdom, it does not conduct retail banking in the UK, and around 9 ...

Career

Norman Chan graduated from

Queen's College, Hong Kong Queen's College () is a sixth form college for boys with a secondary school and the first public secondary school founded in Hong Kong by the British colonial government. It was initially named The Government Central School () in 1862 and l ...

, and then earned a degree in

sociology Sociology is a social science that focuses on society, human social behavior, patterns of social relationships, social interaction, and aspects of culture associated with everyday life. It uses various methods of empirical investigation an ...

at the

Chinese University of Hong Kong The Chinese University of Hong Kong (CUHK) is a public research university in Ma Liu Shui, Hong Kong, formally established in 1963 by a charter granted by the Legislative Council of Hong Kong. It is the territory's second-oldest university and ...

. In 1976 Chan entered the

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

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 Hong Kong's central banking institution. 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 merged. The organisati ...

(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

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 in the Special Administrative Region period to date. Born in ...

named Chan to the role of HKMA Chief Executive, from 1 October that year, on the retirement of

Joseph Yam Joseph Yam Chi-kwong, GBM, GBS, CBE, JP (任志剛; born 1948, Hong Kong) is a Hong Kong statistician, economist and civil servant. He was the first Chief Executive of the Hong Kong Monetary Authority, Hong Kong's ''de facto'' central bank, ...

. 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 4th Chief Executive of Hong Kong from 2017 to 2022. She served as Chief Secretary for Administration between 2012 and 2017 and Sec ...

's imminent removal from the post.

Political comment

In 2014, he and his HKMA predecessor

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 t ...

, 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 in East Point, through Bowrington, to ...

Wan Chai Wan Chai is situated at the western part of the Wan Chai District on the northern shore of Hong Kong Island, in Hong Kong. Its other boundaries are Canal Road to the east, Arsenal Street to the west and Bowen Road to the south. The area n ...

. 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