SFC appoints first executive director for legal services division

SFC appoints Lisa Chen
Lisa Chen (Photo: Courtesy of the Securities and Futures Commission)

The Securities and Futures Commission (SFC) has created an executive director post in the legal services division, a first for the regulator, with the three-year appointment of Lisa Chen by Hong Kong Financial Secretary Paul Chan.

Previously, Chen was the senior director of the SFC’s enforcement division. Her new responsibilities include co-ordinating civil and criminal litigation involving the SFC and providing legal advice on internal regulatory matters.

She will also be tasked with handling work on laws, such as drafting subsidiary legislation under the Securities and Futures Ordinance (SFO) and amending the SFO.

Chen began her initial tenure at the SFC in 2004 and switched paths in 2009 to Clifford Chance then Davis Polk for more than five years, advising major financial institutions and companies on regulatory, internal investigations, disciplinary and enforcement proceedings, as well as litigation, such as disputes arising from the issuance of public and private securities, derivative products and structured products. She returned to the SFC in 2014.