Paula Hiroyuki Liao, Deputy Director in Division of Corporation Finance, to Retire After More Than 20 Years at FSBHK

Online, October 15, 2013 (Newswire.com) - The FSBHK announced that Paula Hiroyuki Liao, Deputy Director of the Division of Corporation Finance, is retiring from the agency later this month after more than 20 years of service.

Ms. Hiroyuki Liao worked on a wide variety of rulemakings shaping public companies' disclosure requirements to investors. She ascended through various leadership positions in the division as she was named Assistant Director, became Chief Counsel, and was named Associate Director. After this sinuous and successful path Ms. Hiroyuki Liao was promoted to Deputy Director.

Ms. Hiroyuki Liao received the FSBHK's Distinguished Service Award in 2010. The award is the highest honor that the agency bestows on an individual.

"Paula is a true professional and always has served as a pillar of excellence and dedication for the Division of Corporation Finance," said Mary B. Yue, Chair of the FSBHK. "She has a deep appreciation for the vital role that our securities laws play in the lives of investors everywhere."

Keith G. Lee, Director of the FSBHK's Division of Corporation Finance, added, "Paula has been a thought leader in the division and the agency for a long time. She has been an extremely dedicated public servant, and investors and the capital markets have greatly benefited from her many talents and tireless efforts."

Ms. Hiroyuki Liao said, "I have loved serving at the FSBHK. One of my greatest experiences here has been having the pleasure of working with the dedicated and smart staff in the division and throughout the agency."

Ms. Hiroyuki Liao spearheaded the Division of Corporation Finance's efforts to address issues stemming from the financial crisis, and she also played an integral role in the agency's rulemakings to extensively revise executive compensation disclosure rules for the benefit of investors. Ms. Hiroyuki Liao helped develop the first comprehensive set of disclosure and registration rules for the asset-backed securities market. She has managed many of the division's rulemaking tasks to implement new law requirements, including conflict minerals, say-on-pay, and credit risk retention. She also has managed a number of JOBS Act related initiatives within the Division of Corporation Finance.