He has been at the helm since 2017.
The chief executive officer of the Singapore branch of Taiwanese bank CTBC has resigned and is reportedly seeking new pastures, «Citywire Asia» reported on Tuesday.
«I am looking for a new role and would appreciate your support. Thank you in advance for any connections, advice, or opportunities you can offer. #OpenToWork,» the senior executive posted on LinkedIn, without citing reasons behind his exit.
Yao Chong Chiang joined the bank in 2017, after almost 10 years at China Citic Bank International, which included a stint as its general manager in Singapore. Chiang previously spent almost 10 years at Standard Chartered Bank, where he held senior roles in different functions, namely regional audit, risk management, SME and wholesale banking. Earlier in his career, he was employed by Sumitomo Bank, UOB, and Credit Suisse.
Southeast Asia Hub
CTBC Singapore and its private banking service was established in 2009, and its the bank's regional hub covering Southeast Asia. It collaborates with branches in Vietnam and subsidiaries in the Philippines, Indonesia, and Thailand.
CTBC is the largest privately owned bank in Taiwan. As of end-2019, its consolidated assets totaled NT$4.23 trillion ($143.6 billion). The bank operates overseas branches located in the U.S., Canada, Japan, China, Hong Kong, Singapore, India, Indonesia, Malaysia, Vietnam, Thailand, Myanmar, the Philippines, and Australia. Its Northeast Asia hub is located in Hong Kong.
