,Hong Kong

FTSE Russell's Jessie Pak receives Executive of the Year win in Financial Services category

The managing director focused on achieving 3 milestones for the company amidst the crisis.

FTSE Russell’s Managing Director and London Stock Exchange Group’s Head of Information Services, Asia Pacific Jessie Pak clinched the Executive of the Year win in the Financial Services category at the recently concluded HKB Management Excellence Awards 2020. Now in its 3rd year, the awards event lauds individuals, innovators and teams whose initiatives have brought tangible business gains for the success of their companies.

Since 2015, Jessie has led FTSE Russell’s Asia Pacific team to develop and implement strategies for the region, covering client relationships and partnerships, product management and regulatory activities across three core business lines – index, analytics and data solutions. This year, Jessie also took on additional responsibility as LSEG’s Global Head of Sales, Information Services.

Jessie plays a pivotal role in driving the growth of Asia business with significant impact locally and globally. FTSE Russell focuses on 3 milestones achieved under Jessie’s leadership, namely China A shares inclusion to FTSE Global Equity Index Series (GEIS), scheduled China bond inclusion to FTSE World Government Bond Index (WGBI), and the derivatives markets development.

The final tranche of the China A shares inclusion to GEIS in June 2020 concluded multi years’ efforts on phase 1 inclusion. The first phase, which was implemented across multiple tranches commencing in June 2019, added 25% of the investable market cap of 1,051 small, medium, and large cap China A Shares to the FTSE Emerging All Cap Index. FTSE Russell is the first international index provider to include all three company size segments of China companies within their index. The overall projected passive inflow is $10b upon the completion of phase 1 inclusion.

By working with regulators, exchanges, asset managers and market participants, Jessie has enabled a seamless process throughout the phased inclusion of the China A shares into the FTSE Russell global equity benchmarks. She will continue to work with key stakeholders to assess the timetable for future phases of A Share inclusion alongside the internationalization of the Chinese market.

In addition, FTSE Russell announced the scheduled inclusion of Chinese Government Bonds in the FTSE World Government Bond Index (WGBI) from October 2021 subject to a further confirmation in March 2021 with an estimated weight of 6.14% as of end of November. The bond inclusion has attracted wide media coverage globally and locally with Jessie speaking in the live interview in CNBC, iCable Finance and newspaper interview in the prominent Chinese media in China.

FTSE Russell was also selected by CSOP Asset Management, one of China's largest and most established offshore asset managers, as the index provider for its Chinese Government Bond Index ETF. The listing is the first ETF to track a China onshore bond index in Singapore and has attracted strong interest with initial seed funding confirmed at US$676m, growing to US$1.1billion AUM in two months.

Further, FTSE Russell entered into a partnership with Singapore Exchange (SGX) this year to develop a comprehensive Asian and Emerging Markets focused, multi-asset index derivatives offering. This long-term strategic partnership supports growing demand across Asia for index-based listed derivatives, including in sustainable investment.

A highlight of this partnership is the SGX FTSE Taiwan Index Futures contract, the fast-growing equity derivatives products on SGX. Since its introduction in July this year, the contract has established itself as the world’s leading offshore Taiwan equity index price return futures, with open interest at US$5 billion and average daily turnover of US$2.1 million.

Despite 2020 being a challenging year characterized by the pandemic, the financial and operational performance in H1 has been sound across London Stock Exchange Group and FTSE Russell. In H1, LSEG’s total income rose 8% to £1,235m; FTSE Russell’s revenue was up 5% to £330m compared to £315m in H1 2019.

Join Hong Kong Business community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

The bourse’s income was dragged down by the delay in potential billion-dollar IPOs.
The city’s rival hubs such as Singapore have already reopened.
Particularly, the city is highly competitive in the high-net-worth and mass affluent space.
A study showed that it’s no longer the investment returns.
But 68% of them said their companies do not involve them in green initiatives.
The increase, however, was smaller than in the previous month's 1.6%.
Only 14% of businesses believe their situation will get better in Q4.
The number of jobless persons was down by around 7,100
This is as the weighted funding cost for deposits was steady during the month.
The 0.6% growth was driven by premium office space in the submarket.
Chief Secretary for Administration, John Lee, to take over until Lam recovers.
The airline’s overall tonnage grew MoM by more than 5% to 130,997 tonnes.
The airline carried ​​6,562 passengers on 17 September.