Martin Wheatley, chief executive of Hong Kong’s securities regulator, will step down in the summer after six years cracking down on market misconduct in the Chinese territory.
Mr Wheatley has become one of the world’s most influential regulators since joining the Securities and Futures Commission in 2005, gaining a reputation for tough but measured enforcement in the Asian financial hub.
Mr Wheatley, 51, announced on Wednesday that he would leave just before his contract with the SFC expires in September 2011. He said he had decided not to run for another term because “six years feels like a good point to return to the UK”.
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