Page 97 - Urban Renewal Authority 2023-24 Annual Report

Chairman Managing Director Chairman’s Statement

Mr CHOW Chung-kong, GBM, GBS, JP Ir WAI Chi-sing, GBS, JP, FHKEng
Mr Chow Chung-kong is Chairman of the Advisory Ir Wai Chi Sing has been appointed the Managing
Committee on Admission of Quality Migrants and Director of the URA since 15 June 2016. By virtue of
Professionals of the HKSAR, and an independent non- holding that office, he is also the Deputy Chairman of
executive director of AIA Group Limited. the Board. He has also been appointed a Director of Managing Director’s Statement
the Board of Urban Renewal Fund since 13 July 2016
Mr Chow was previously a non-official member of and the Chairman of the Independent Monitoring
the Executive Council of the HKSAR (2012-2022), Panel of the MTR Corporation Limited since 23
Chairman of the Board of the Hong Kong Exchanges December 2022 to oversee the comprehensive review
and Clearing Limited (2012-2018), Chief Executive on asset management and maintenance regime.
Officer of the MTR Corporation Limited (2003-2011)
and Steward of the Hong Kong Jockey Club (2011- Ir Wai is an engineer by profession. He joined the
2020). Prior to his return to Hong Kong in 2003, Mr Hong Kong Government in August 1980, and has
Chow was a global corporate executive managing since served in the Transport Department, the
companies in the United Kingdom, United States, Highways Department, and the former Environment, Operating Review
Japan and Australia. Transport and Works Bureau. He was the Director of
Highways from November 2006 to June 2010 and was
Mr Chow is a Chartered Engineer, with a Bachelor of Permanent Secretary for Development (Works) from
Science degree and a Master of Science degree from June 2010 to April 2015 before retirement.
the University of Wisconsin and the University of
California respectively. He holds a MBA degree from Ir Wai holds a master’s degree in transportation
the Chinese University of Hong Kong and attended engineering from Purdue University in the United
the Advanced Management Program of Harvard States. He has professional experience in civil,
Business School. He was awarded Honorary Doctor of structural and geotechnical engineering and is a fellow Corporate Sustainability
Engineering degree by the University of Bath. He was of the Hong Kong Academy of Engineering Sciences.
knighted in the United Kingdom in 2000, and was In recognition of his professional achievements and
awarded the Gold Bauhinia Star in 2015 and the Grand contributions, he was awarded the Gold Medal 2023
Bauhinia Medal in 2021. by the Hong Kong Institution of Engineers, Honorary
Fellow by the Hong Kong Institute of Surveyors in
2023 and the Lifetime Achievement Award 2022 by
the Royal Institution of Chartered Surveyors. Management Discussion and Analysis

URA ANNUAL REPORT 2023-24 95 Projects at a Glance
Corporate Governance