The banking regulator of Hong Kong banned a former employee of DBS from working in the industry for six months. The banker breached the codes of conduct of both his employer and the regulator.
Hong Kong's Securities and Futures Commission (SFC) censored Chan Wai Nun, a former portfolio manager at DBS Bank (Hong Kong), for sending a list with personal data of clients of his old to his future employer. Chan will not be allowed to work in the financial market of Hong Kong for the six months through July 18, 2018, SFC said in a statement today.
Chan's breach of conduct goes back to December 2015. Chan sent the data of about 208 clients from his work email at DBS to his personal email account. In February 2016, he forwarded the email from his own account to his future manager's personal email account, who also happened to be an old colleague of his. Unknown to Chan, his future manager then forwarded the list to his work email account.
Routine Control Worked
The routine control systems of the new employer detected the list and traced it back to Chan. Chan’s conduct was in breach of DBS' internal policies and the personal data rules set up by the SFC.
SFC regulates the financial market of Hong Kong. The body is independent of the government of Hong Kong and is funded through transaction levies and licensing fees.
