en.Wedoany.com Reported - Hong Kong Exchanges and Clearing Limited (HKEX) has appointed Frank Zhang, the former Singapore head of Zijin Mining, as its head of commodities, as the exchange builds a team to capture market growth opportunities. The appointment aims to strengthen HKEX's commodities business segment. According to an announcement on Wednesday, Zhang, who also serves as a new Managing Director at HKEX, will be responsible for the strategic development of the exchange's regional commodities business, including driving product development, expanding market participation, and consolidating HKEX's leadership position in the commodities markets of Mainland China and the Asia-Pacific region.

Zhang will also be responsible for the strategic direction of HKEX's subsidiary, the Qianhai Mercantile Exchange (QME). He will report to Gregory Yu, HKEX's Head of Markets, and work closely with the team at the London Metal Exchange, which is owned by HKEX. This appointment signals that HKEX is strengthening its commodities business team to meet market growth demands.

HKEX stated that Zhang previously served as the General Manager of Zijin (Singapore) International Mining Co., Ltd., the Singapore subsidiary of Zijin Mining, the world's third-largest mining group. He assisted in establishing the Singapore business operation in 2022 and participated in trading across ferrous, non-ferrous, and energy markets. Prior to that, he served as Chief Operating Officer of the maritime e-commerce platform Marine Online and as a Director at Hemera International, responsible for investment banking and advisory projects in the agriculture, metals, and energy sectors.

Zhang will relocate from Singapore to work in Hong Kong. He holds a Master of Business Administration degree from the Cox School of Business at Southern Methodist University in Texas, USA, and a Bachelor of Science degree in Marketing and International Studies from the same university. Through this appointment, HKEX has further clarified the development direction for its commodities business.

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