Partners from Clifford Chance (CC) and Davis Polk & Wardwell are among the newly appointed membership team at Hong Kong's Financial Services Development Council (FSDC), tasked with promoting the city's financial industry for the next two years.

Mark Shipman, CC's head of global funds and investment, and Bonnie Chan, a Davis Polk capital markets partner, are part of a 22-member group, which also includes bankers and directors who will represent a cross-section of the local finance sector.

Chan is one of seven who are new to the council following a number of retirements, while Shipman has been on the committee since 2013 when the FSDC was first set up.