Mr. Yam Chi Kwong, Joseph, Independent Non-Executive Director, was Chief Executive of the Hong Kong Monetary Authority from 1993 to September 2009 and Director of the Office of the Exchange Fund of Hong Kong from 1991 to 1993. Mr. Yam held a number of positions in the Hong Kong Government from 1971 to 1991. Mr. Yam is Executive Vice President of the China Society for Finance and Banking, a society managed by the People’s Bank of China, and a Distinguished Research Fellow of the newly created Institute of Global Economics and Finance at the Chinese University of Hong Kong. Mr. Yam is also a member of the advisory committees of a number of academic and private institutions focusing in finance. Mr. Yam graduated from the University of Hong Kong with first class honours in 1970, receiving a Bachelor of Social Sciences degree. He also received his post-graduate diploma in Statistics and National Accounting from the Institute of Social Studies of the Hague, the Netherlands in 1974. Over the years, he was conferred a number of honorary doctorate degrees and professorships from universities in Hong Kong and overseas. Mr. Yam was awarded the highest honour of the Grand Bauhinia Medal by the Hong Kong Special Administrative Region Government in 2009, the Gold Bauhinia Star by Hong Kong Special Administrative Region in 2001, and the Commander of the Most Excellent Order of the British Empire in 1995.