(31 August 2015, Hong Kong) – The Financial Dispute Resolution Centre (“FDRC”) today announced the re-appointment of Mr. Fred Kan as a Director of the FDRC and the Chairman of its Appointment Committee (“AC”) for a term of two years, effective from 1 September 2015.
A renowned legal professional, Mr. Kan has been providing FDRC with strategic and practical guidance in various aspects as a Director and the AC Chairman over the last two years. Under his leadership, the Appointment Committee has been able to admit increased numbers of qualified and capable mediators and arbitrators to its List of Mediators and List of Arbitrators through fair and independent admission assessment processes.
Prof. Teresa Cheng, Chairman of the FDRC, welcomed the re-appointment, “Mr. Kan has profound experience in mediation and arbitration. He has contributed to a great extent in formulating the policies and strategies of the FDRC. I strongly believe that Mr. Kan will continue to lead the Appointment Committee to uphold the professional standards of the listed mediators and arbitrators and deliver excellent mediation and arbitration services to the financial institutions and their individual customers in resolving financial disputes.”
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For media enquiries, please contact:
Ms. Virginia Siu
Acting Communications Manager
Financial Dispute Resolution Centre
Tel: 3199 5104
Fax: 2565 8662
About the Financial Dispute Resolution Centre (“FDRC”)
FDRC is a non-profit limited company by guarantee and commenced operation on 19 June 2012. It administers an independent and impartial Financial Dispute Resolution Scheme (“FDRS”) to resolve monetary disputes between individual consumers and financial institutions by way of “Mediation First, Arbitration Next”. All financial institutions authorized by the Hong Kong Monetary Authority or licensed by the Securities and Futures Commission (except those providing only credit rating services) are members of the FDRS. The FDRS provides a cost-effective and time-saving financial dispute resolution avenue for the financial sector and the community.
FDRC maintains a List of Mediators and a List of Arbitrators (collectively “the Lists”) to provide professional mediation and arbitration services under the FDRS. The Appointment Committee considers applications for admission to the Lists. It also ensures that the assessment and admission processes are fair and independent.
For more information, please call FDRC hotline at 3199 5199 or visit FDRC website at www.fdrc.org.hk.