The SFAT upheld the SFC’s disciplinary action against Calvin Choi Chi Kin, a former managing director of UBS AG. He is barred from re-entering the industry for two years due to breaches of the SFC’s Code of Conduct and the CFA Code of Conduct. Choi provided excessive assistance to counterparties of transactions, potentially creating conflicts of interest with UBS AG and its clients. He also failed to disclose these conflicts. For more details, refer to the SFAT’s determination (SFAT Application No. 4 of 2022) on their website.
Details of application: https://www.sfat.gov.hk/en/apps.html?year=2022