The private banking arm of OCBC has announced the appointment of a new CEO for its Hong Kong branch.
Bank of Singapore has appointed Rickie Chan as chief executive of its Hong Kong branch, according to a statement. This is in addition to his current role as head of private banking, Greater China, Hong Kong branch.
Chan has over 28 years of financial services experience and first joined Bank of Singapore in February 2024. Prior to that, he worked at the now-defunct Credit Suisse as its Hong Kong branch CEO and Greater China head of wealth management. Previously, he also worked at Barclays and Goldman Sachs.
Predecessor
Chan succeeds Cindy Wong who will continue as an advisor until May 31 to ensure a smooth transition before retiring. Wong joined Bank of Singapore in November 2015 and assumed the Hong Kong branch CEO role in 2021.
Greater China Market
According to Bank of Singapore, Greater China is its largest market next to ASEAN. In 2022 and 2023, this market saw over 150 hires with assets under management (AUM) increasing around 10 percent.
«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,» said Bank of Singapore CEO Jason Moo. «Rickie is an outstanding leader with a proven track record of success that inspires trust and confidence.»
As of end-2023, Bank of Singapore was Asia’s seventh largest private bank with $114 billion in AUM, according to finews.asia’s 2023 Private Banking AUM League Table.
