• Published on 23 April 2024
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Bank of Singapore appoints new CEO for Hong Kong branch

Bank of Singapore announced that Rickie Chan has assumed the additional role of chief executive officer of its Hong Kong branch, effective 17 April 2024.

He is currently the head of private banking, Greater China, of the bank’s Hong Kong branch. Chan succeeds Cindy Wong, who will continue as an advisor till 31 May 2024 to ensure a smooth transition.

As chief executive, Chan will be responsible for the risk and governance of Bank of Singapore’s Hong Kong branch. He will continue to drive the bank’s growth and presence in Greater China in his role as head of private banking, Greater China, Hong Kong branch.

Greater China is a key region for Bank of Singapore. It is the bank’s largest market next to ASEAN. In the last two years (2022 and 2023), Bank of Singapore deepened its coverage of the region with over 150 hires. Similarly, assets under management from the region increased by about 10% for the same period.

An industry veteran, Chan joined Bank of Singapore on 15 February 2024. He has over 28 years of experience in private banking, wealth management and capital markets. Before joining Bank of Singapore, he was the chief executive of the Hong Kong branch and the head of Global Wealth Management, Greater China at Credit Suisse. Under his leadership at Credit Suisse, Chan helped to transform the Hong Kong market into one of the fastest growing markets in Asia Pacific. He has also held several senior leadership roles in Barclays Bank PLC and Goldman Sachs’ Private Wealth Management Department in Hong Kong.

Wong joined Bank of Singapore in November 2015 and assumed the role of chief executive, Hong Kong branch, in 2021. Under her leadership, the bank’s Hong Kong branch bolstered its capabilities by expanding its product and services offering to meet the diverse needs of its clients.

Wong was also instrumental in strengthening the risk and governance framework of Bank of Singapore’s Hong Kong branch while driving the bank’s key transformation efforts in Hong Kong.

Jason Moo, CEO of Bank of Singapore said: “While we are focused on growing the business, we also want to ensure that we can support this growth with the right capabilities and processes in place to meet risk and regulatory requirements.

“Rickie is an outstanding leader with a proven track record of success that inspires trust and confidence. His deep knowledge of the business environment and regulatory landscape in Greater China, combined with his extensive experience, will be invaluable in driving the continued growth of our Hong Kong hub to strengthen the bank’s position as a leading wealth manager in Asia.”

Commenting on Wong’s retirement, Moo added: “I would like to thank Cindy for her contributions to the bank over the last eight years. Her strong leadership and unwavering commitment have helped build a solid foundation for the continued success of our business. I am glad that we will continue to benefit from Cindy’s extensive knowledge and experience as she stays on as an advisor before her retirement.”

Re-disseminated by The Asian Banker