Bank of Singapore (BoS) has appointed Rickie Chan as chief executive of its Hong Kong branch. The appointment was effective April 17. Chan will still remain as head of private banking, Greater China, of BoS’s Hong Kong branch.
Outgoing chief executive Cindy Wong, who is retiring, will continue as an advisor will May 31.
As chief executive, Chan will oversee the bank’s risk and governance for its Hong Kong branch. At the same time, he will continue to work on the bank’s growth and presence in Greater China in his role as head of private banking for the region.
According to BoS, Greater China is a key region for the bank, being its largest market after Asean. In 2022 and 2023, BoS deepened its coverage of the region with over 150 hires. Its assets under management (AUM) from Greater China increased by around 10% over the same period.
Chan joined BoS on Feb 15 and has over 28 years of experience in private banking, wealth management and capital markets. Before joining BoS, he was Credit Suisse’s chief executive of its Hong Kong branch and the head of global wealth management for Greater China.
Wong joined BoS in November 2015 and became the chief executive of the bank’s Hong Kong branch in 2021. According to the bank, its Hong Kong branch expanded its product and services offering to meet the diverse needs of its clients under her tenure.
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Wong was also instrumental in strengthening the risk and governance framework of the bank’s Hong Kong branch while driving its key transformation efforts in Hong Kong.
“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,” says Jason Moo, CEO of BoS.
“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.”
On Wong’s retirement, Moo adds, “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.”
