Barry Cheung

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Barry Cheung
Barry Cheung pic.jpg
Occupation Chairman
Employer Hong Kong Mercantile Exchange
Location Hong Kong

Barry Cheung is the chairman of the Hong Kong Mercantile Exchange (HKMEx), which shut down on May 18, 2013. [1] [2] He resigned from all of his public service positions, including the city’s executive council, after coming under police investigation.[3]

Background

From 1993 to 1994, Cheung was a full-time member of the Hong Kong Government's Central Policy Unit on secondment from McKinsey & Company. He was with McKinsey & Company in Los Angeles and Hong Kong from 1987 to 1994, advising major financial institutions in the United States and Asia.

Cheung was chairman of Hong Kong’s Urban Renewal Authority, and the Standing Committee on Disciplined Services Salaries and Conditions of Service and was also alternate chairman of the Pay Trend Survey Committee, a member of the Commission on Strategic Development and a member of the Standing Commission on Civil Service Salaries and Conditions of Service. He resigned all of his public positions following the closing of the HKMEx and subsequent police investigation into financial fraud. [4]

He was an independent non-executive member of the board of directors of Russian aluminum producer United Co. Rusal, which holds an equity stake in HKMEx, but resigned in October 2012 because he was under police investigation, according to Bloomberg News.[5]

Cheung is also a former chairman of the Corruption Prevention Advisory Committee of Hong Kong’s Independent Commission against Corruption.

Education

Cheung received a bachelor of science degree with first class honors in mathematics and computer science from the University of Sussex.

He earned an MBA from Harvard Business School

References

  1. Mr Barry C. Cheung, GBS, JP. Hong Kong Mercantile Exchange.
  2. Arrests and Billion-Dollar Forgeries Swirl Around Failed Exchange. The Epoch Times.
  3. HKMEx’s Barkshire Resigns as Director as Police Probe Company. Bloomberg News.
  4. Arrests and Billion-Dollar Forgeries Swirl Around Failed Exchange. The Epoch Times.
  5. HKMEx’s Cheung Said to Quit Rusal Board Amid Hong Kong Inquiry. Bloomberg News.