Thursday, 7 December 2023

HSBC Singapore appoints Tancy Tan as chief operating officer

5 min read

HSBC Singapore announces the appointment of Tancy Tan as its chief operating officer, effective today.

Tancy joins HSBC from J.P. Morgan Chase, where she was the global head for Centre of Excellence for Intelligent Automation, Asset and Wealth Management, where she led the insertion of AI and analytics into the business operations. She has previously held global leadership roles, within Singapore and abroad, in delivering product rollouts, client management, building client platforms and post-merger integrations, and developing digitisation strategies to help drive customer revenue and achieve operational efficiencies.

HSBC Singapore CEO, Kee Joo Wong said, “Tancy’s digital development and wider international experience – coupled with her client facing background – will be crucial for Singapore as we continue to build our online platforms across our wealth and wholesale businesses".

“We are also thrilled to be adding another Singaporean female talent to our leadership team which will deepen and widen our strategic perspectives as we begin to further grow our business in Singapore.”

Tancy will report to Kee Joo Wong, CEO, HSBC Singapore, on an entity level and to David Grimme, chief operating officer, HSBC Asia-Pacific, on a functional basis.

HSBC Singapore has announced ambitious growth plans over the medium term. It aims to double the total wealth balances of its wealth and personal banking business in the next five years. It is also seeking to exponentially grow its wholesale business with a specific focus on growing its internationally oriented small and medium-sized customers, as well as supporting larger companies who operate their regional offices and treasury centres out of Singapore.

HSBC Singapore has made extensive investments in the past year including its acquisition of AXA Singapore, the widening of its Asset Management solutions and expertise, and enhanced digital and mobile capabilities for its wealth and wholesale customers.

Re-disseminated by The Asian Banker

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