The Corporate Disclosure Team is a newly created unit within the Corporate Finance Division of the SFC. The previously standalone functions of the Takeovers Team and the team responsible for identifying corporate misconduct have been combined. This combined unit will be able to consider and address corporate misconduct from a wider perspective. Misconduct by major shareholders may also have Takeover Code implications. The investigation of potential Code breaches may identify other areas of concern relating to the affairs of a HK listed company. The ability to investigate all aspects of ongoing obligations related to listed companies arising under the SFO and the Takeover Code should be enhanced as a result of the recent merger.
Duties & Responsibilities:
The successful candidate will therefore have to create a common sense of purpose and team spirit in the newly formed unit. There will need to be a clear vision about how best to address the practical problems of dealing with corporate misconduct and how best to balance the protection of shareholders with that of the wider market and market integrity generally.
Reporting to Executive Director – Corporate Finance, the Senior Director will administer The Codes on Takeovers and Mergers and Share Buy-backs including supervising case teams, analysing, monitoring, regulating and investigating corporate activities of entities regulated by the Codes. You will take a leading role in (a) developing policy matters with regard to takeovers and mergers in Hong Kong; (b) presenting submissions to the Takeovers Panel; and (c) conducting disciplinary proceedings in cases of Codes breaches.
You will also manage a team of case officers who seek to identify potential corporate misconduct including failures under Part XIVA of the SFO. Potential SFO breaches will be passed to the Enforcement Division for more in-depth investigation. But there should be a continuous dialogue with the investigation team to ensure the right cases are identified and prioritised, to achieve the best outcomes.
An ideal candidate should possess a university degree with professional qualifications in law or accounting. You should have substantial experience in practicing corporate finance and possess an in-depth knowledge of the operation and regulation of the securities and futures markets including listed company corporate disclosure obligations. On top of a strong sense of responsibility and impeccable integrity, you should also be strong in policy work with outstanding leadership as well as excellent conceptual, analytical, interpersonal, written and presentation skills. Knowledge of Chinese is an advantage but not essential.
Please quote the reference SDSFC and apply by 12 September 2023 with details of qualifications, previous experience, current and expected salary to:
Mr. Jeremy Young, Spencer Stuart,
Suite 1701-04, 17/F Man Yee Building, 68 Des Voeux Road Central, Hong Kong ;
or by email to: firstname.lastname@example.org
All applications will be handled in strict confidence by authorised personnel and will only be used for recruitment related purposes. Applicants who do not hear from us within six weeks from the application deadline may consider their applications as unsuccessful. All information on unsuccessful candidates will be destroyed after six months.
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