Running Hong Kong’s stock exchange was never going to be an easy job for Nicolas Aguzin, but some who worked with the former star JPMorgan banker say the task was not helped by some of his more unconventional ideas.
Months after joining Hong Kong Exchanges and Clearing as chief executive in May 2021, Aguzin proposed that it should award “tokens” to listed companies based on how diverse their boards were.
Modelled partly on crypto and partly on carbon credits, “Project Diamond” would compel companies with all-male boards to either appoint women or buy tokens from those that had.
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