Blackwell Global Hong Kong CEO Gary Cheung has been appointed as Director of the Financial Dispute Resolution Centre (FDRC) for a term of two years commencing on 1 March 2018.
His active involvement as Director of the FDRC further cements his enthusiasm in bettering Hong Kong’s financial scene, and offers enhanced assurance to Hong Kong traders in terms of trading and financial safety.
Dispute resolution is crucial for an international financial hub such as Hong Kong”, said Mr. Cheung, “The dispute arises due to the diversity and complexity of financial products, as well as investors’ lack of risk and product knowledge. The recognition of the rights of participants and the availability of an avenue for resolution should there be a conflict becomes even more paramount. I’m honoured to be part of the organisation, and I look forward to contributing towards a safer finance industry.
Founded almost six years ago on 19 June 2012, the FDRC is an independent non-profit organisation created to assist financial institutions with the key task of resolving finance-related disputes with their clientele. The organisation is dedicated to protecting the interests of both clients and finance institutions through mediation and arbitration. With more than three decades of experience, Mr. Cheung’s appointment is set to bolster the organisation’s goal of providing accessible, efficient and transparent dispute resolution services.
Mr Cheung’s new appointment comes after his recent inauguration as the Hong Kong Securities Association’s (HKSA) 20th Chairman last November.