The Internationalization of the RMB

The Internationalization of the RMB

Romnesh Lamba, Executive Vice President and Head of Marketing Development at Hong Kong Exchanges and Clearing Limited. (Asia Society India Centre)

MUMBAI,
December 1, 2010 - Romnesh Lamba, Executive Vice President and
Head of Market Development at Hong Kong Exchanges (KHEx) and Clearing Limited,
shared his views on the internationalization of the RMB and Hong Kong as an
offshoring centre with Asia Society corporate members and patrons, as part of
the BASIC (Breakfast at Asia Society India
Centre) series.

Lamba explained China's strategy as it sought to make the RMB an international
reserve currency with convertibility, through a controlled internationalization
process that used Hong Kong. (View his
presentation here.)

Lamba
is also a member of the HKEx Senior Management Committee, in which role he spearheads
HKEx's strategy and development initiatives under the Market Development
Division. The Market Development Division focuses on capturing future
China opportunities in both primary and secondary markets, broadening HKEx's
international issuer base, assessing new product and Information Technology
development concepts, and enhancing the competitiveness of HKEx's market
structure and market systems. 

Lamba
has 25 years of experience in the financial services industry. He worked in the
US for nine years before moving to Hong Kong in 1994. Since November 2008,
Lamba was a Senior Advisor to JP Morgan's Asia ex-Japan Investment Banking and
Capital Markets business, with strategic and operating responsibilities. He has
also worked at Merrill-Lynch Asia Pacific for eight years as a Managing Director,
where he led the firm's regional Energy and Power investment banking group and
served as the Chief Operating Officer of the firm's China Origination
business. At Merrill Lynch, Lamba was involved in several landmark
listings of Mainland enterprises in Hong Kong. 

December 3, 2010
by admin