This follows the recent appointment of Tony Cripps as the Managing Director of Saudi British Bank1, which is to take effect from 4 April, 2021.
Mr Kee Joo Wong IS APPOINTED as Chief Executive Officer for HSBC Singapore
Mr Wong, a Singaporean, will assume duties with HSBC Singapore on 1 June. In the interim, HSBC Singapore’s Chief Operating Officer, Olfert De Wit, will act as HSBC Singapore’s interim Chief Executive Officer. This is also subject to regulatory approval.
Mr Wong has more than 26 years of banking experience across different markets including the UK, Thailand, Hong Kong and China, and is currently HSBC’s Regional Head of Global Payments and Cash Management (GLCM) for the Asia Pacific region - a role he has held since January, 2015.
In his current role, Mr Wong leads the region’s cash management specialists to drive innovative digital solutions catering to wholesale banking clients and their eco-systems, and has revenue responsibilities of more than USD4 billion per annum.
Prior to this, Mr Wong was the Head of GLCM for HSBC China between 2010 and 2015, a strategic priority market for HSBC globally.
Commenting on the appointment, HSBC’s CEO for Asia Pacific, Peter Wong, said: “Singapore is central to our ambitious growth plans in the region. We will be increasing our investment in both people and technology as we continue to strengthen our wholesale banking services, particularly for multinational corporations headquartered in the country, and to grasp the growing wealth management opportunities in Southeast Asia and beyond.”
“Kee Joo’s most recent role as Asia-Pacific head for Global Liquidity and Cash Management means he has strong experience in developing digital solutions for wholesale clients and supporting the trade and investment flows between China and ASEAN, which has become the world’s most important commercial corridor. This experience means Kee Joo is perfectly suited to help clients capture the rising commercial, wealth and digital opportunities that Singapore and the region presents.”
In the past three years, HSBC has increased its investment in headcount, technology and its proposition across the Singapore business which has resulted in strong underlying revenue growth for the franchise and for the wider Southeast Asia business. Investment has included:
Notes for editors
1 HSBC is the largest shareholder of the Saudi British Bank, with a 31% stake.
2 Singapore is well positioned as a global wealth, trade and commercial hub