HK SFC may split deputy head role: sources

The number two at Hong Kong’s securities regulator, Alexa Lam, is expected to retire in March next year at the end of her current term, and her role may be split into component parts, say industry observers. This could mean the long-awaited Hong Kong-China mutual recognition scheme for funds will go live before she leaves the Securities and Futures Commission (SFC), suggested sources. Lam has been a key architect of the scheme and the SFC would want her to remain in place until …