Monday, 15 April 2024

Bank of Singapore appoints new global head of legal and regulatory compliance

5 min read

Bank of Singapore announced the appointment of Samuel Huen as global head of legal and regulatory compliance. The new appointment will take effect on 2 October 2023.

Huen will report to CEO Jason Moo. He will be made a member of the Bank of Singapore’s management committee.

Huen assumes the responsibilities of global head of legal, Eric Teh and global head of regulatory compliance Adriel Loh. Teh will retire in 2024, while Loh will focus on his role as OCBC’s group head of regulatory compliance. To ensure a smooth transition, Teh will continue as an advisor till March 2024.

As the global head of legal and regulatory compliance, Huen will be responsible for the full spectrum of legal and regulatory risks across the Bank of Singapore and its subsidiaries globally in Singapore, Hong Kong, Dubai, Luxembourg, United Kingdom, Malaysia and Philippines.

Huen, a Singaporean, joined Bank of Singapore after spending 18 years with UBS AG where he was a member of the Singapore management committee and led the group legal Singapore for the last six years. Concurrently, he was the head of legal responsible for the global wealth management business in South Asia and Japan, including the credit and products legal teams in Hong Kong. He also previously oversaw the Taiwan Wealth Management Legal team.

A seasoned financial industry professional with more than 20 years of experience, Huen started his career as a Wall Street lawyer in the United States of America where he represented various leading global investment banks and corporate clients.

Jason Moo, Bank of Singapore CEO, said: “Legal governance and regulatory compliance play an increasingly important function in the highly regulated markets both we and our clients work within.

“Samuel will play a key role as we continue to deliver on our strategy. His deep familiarity with private banking legal in the Asia Pacific region will be a strong value-add to the key business growth areas of Bank of Singapore. We are delighted to welcome him to Bank of Singapore as a partner and counsellor in driving meaningful transformation.”

Huen holds a Master’s degree from Cornell Law School. He is also an alumnus of the executive programme at Harvard Law School.

Re-disseminated by The Asian Banker

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