Global leadership in finance, transportation, and public service
By: Vestiana Powell | Estimated reading time: 3 minutes
Rex Auyeung (BES ’77) is a visionary leader whose career spans finance, insurance, and urban transport, with a steadfast focus on sustainable development and public service. He currently serves as Non-Executive Chairman of MTR Corporation, overseeing one of the world’s most advanced urban transit networks and shaping infrastructure that drives sustainable growth and enhances quality of urban living.
Rex’s interest in urban planning and sustainable development began in high school. Encouraged by his guidance counselor, he chose Environmental Studies with a focus on Urban and Regional Planning at the University of Waterloo. He was drawn to Waterloo for its cutting-edge research, top-ranked programs, and strong co-op opportunities, which offered an ideal environment for both academic and professional growth.
“I witnessed the university compete against many well-established universities for top students,” he says. “This inspired me and I have learned to welcome competition while staying focused on my goals through actionable steps and an agile approach.”
Rex’s professional journey began in Canada with Aetna before returning to Hong Kong, where he held senior leadership roles in the insurance and financial services sector. At Principal Financial Group, he expanded operations across Asia and ultimately served as Chairman – Asia. In 2019, he became Non-Executive Chairman of MTR Corporation, leading the Board in ensuring effective management and oversight of the Company’s business affairs, including railway operations in Hong Kong and beyond. Under his leadership, MTR continues to serve as a global model for sustainable public transportation and urban development.
Beyond business, Rex has dedicated himself to public service and education. He has served on the councils of several universities in Hong Kong, including Lingnan University where he was Council Chairman from 2014 to 2019and City University of Hong Kong. He was also a member of the Investment Committee of Hong Kong Polytechnic University. Additionally, he contributes to civic organizations such as the Investor and Financial Education Council, Bo Charity Foundation (Food Angel), and the Jockey Club Community eHealth Care Project. In recognition of his service, he was appointed Justice of the Peace by the Hong Kong SAR government in 2018 and received the Gold Bauhinia Star award in 2022.
Rex remains deeply committed to the University of Waterloo. He has supported scholarships through the Hong Kong Alumni Trust, served as honorary chair of Campaign Waterloo’s Hong Kong Steering Committee, and acted as an ambassador connecting the university to academic, business, and government leaders. Alumni in the region credit him with building a vibrant, engaged community of over 2,000 members.
Rex’s career exemplifies visionary leadership, civic engagement, and global impact. His recognition as the 2025 Distinguished Alumni Achievement Award winner celebrates his extraordinary professional accomplishments, public service, and enduring contributions to the University of Waterloo and communities around the world.
“Advancing sustainable urban development goes far beyond planning – it requires active listening. It is important to be deeply committed to understand the real needs of the communities to build a better future for all. Equally important is to be a lifelong learner to stay updated with new skills and knowledge. Surround yourself with people who bring diverse perspectives. Innovative ideas and transformative projects are always born when a variety of voices come together with a shared mission.”
