Singapore-based multi-family office Whampoa Group has hired a former JPMorgan executive for its digital banking arm in Bahrain.
Ali Moosa has been appointed as the executive vice chairman of Singapore Gulf Bank (SGB) – Whampoa Group’s digital banking arm in Bahrain – according to a statement.
Moosa joins from JPMorgan where he spent 30 years, last as regional head and vice chairman of Central and Eastern Europe, Middle East and Africa. He also sits on the boards of the Bahrain Economic Development Board, Bahrain Association of Banks, Bahrain's Future Generations Fund, the American Chamber of Commerce in Bahrain and Gulf Air.
SGB Plans
According to Whampoa, SGB plans to offer digital banking services to institutions, innovators and investors globally in the areas of asset management, wealth management and international trade by leveraging fintech and distribute ledger technologies.
In addition to supporting the crypto industry, it aims to enhance financial connectivity between Asia and the MENA region. SGB will also leverage the benefits of being one of five recipients of the «Golden License» in Bahrain, which allows access to government services and other incentives. In the coming months, more senior appointments will be announced.
Whampoa is a Singapore-headquartered multi-family office. Its founders include renowned figures from the city-state including Amy Lee, niece of the late Lee Kuan Yew, and Lee Han Shih, member of the OCBC banking family.
