Hang Seng Bank’s Wong receives The Asian Banker Transaction Banker of the Year in Asia Pacific (Domestic Bank) Award for 2018
John Wong, head of global liquidity and cash management, Hang SengBank, has a proven track record in delivering strong and sustainable business results, driving the growth in the bank’s transaction banking business.
- John Wong’s 28 years of experience and knowledge has made him a valuable asset to Hang Seng Bank
- His rich experience from the Hong Kong and Chinese markets has firmed up his grasp on the regional business
- His leadership helped the bank experience high revenue growth as well as accelerate the expansion of small and medium enterprises into new markets through e-commerce
John Wong received the award for Transaction Banker of the Year in Asia Pacific (Domestic Bank) 2018 at The Asian Banker Business Leadership Achievement Awards for 2018. The awards ceremony was held in conjunction with The Future of Finance Summit at the China World Hotel, Beijing, China on May 24th 2018.
With a proven track record in delivering strong and sustainable business results, Wong possesses thorough knowledge about commercial banking, especially specific to the small and medium enterprise (SME) sector, a significant one that banks cannot ignore. Bringing over 28 years of experience, he currently heads the bank’s Global Liquidity & Cash Management business, overseeing bank’s strategy across sales, product management, digital banking channel development and client implementation.
Standing from left: Bill Chua, International Resource Director, The Asian Banker; Rona Morgan, International Resource Director, The Asian Banker; John Wong, Head of Global Liquidity and Cash Management, Hang Seng Bank; Alain Chevalier, Chairman of The Future of Finance Summit and Leadership Achievement Awards Advisory Council; and Paul Chow, former Chief Executive of Hong Kong Exchange and member of The Asian Banker Leadership Achievement Advisory Council.
His rich experience from the Hong Kong and Chinese markets has firmed up his grasp on regional business, helping him to understand and deliver the most comprehensive suite of cash management products and services at the bank. His understanding of business philosophy is inclined towards providing solution to customer needs rather than drive product sales.
In just under three years of his stint at the bank, he was successful in augmenting revenue growth by over 1.5 times. He drove the initiative to set up a dedicated sales team for SME clients and managed to uplift the cash management sales productivity with monthly 1,600 new customers on board. His focus on SME clients has helped the bank in achieving a high operational deposit, relative to peers in the market.
His business vision to facilitate and accelerate the expansion of SME into new markets through e-commerce, has been driving the transaction business at the bank.
Keywords: SME, Transaction Banking, Liquidity, Cash Management
Institution: Hang Seng Bank
Region: East Asia
Guest: John Wong