HSBC announces Kee Joo Wong as CEO for HSBC Singapore

By Edil Corneille

The Hong Kong and Shanghai Banking Corporation (HSBC) has announced Kee Joo Wong as Chief Executive Officer (CEO) for HSBC Singapore, subject to regulatory approval.

Wong, a Singaporean, will assume duties with HSBC Singapore on June 1. In the interim, HSBC Singapore’s Chief Operating Officer, Olfert De Wit, will act as HSBC Singapore’s interim Chief Executive Officer. This is also subject to regulatory approval.

Wong has more than 26 years of banking experience across different markets including the UK, Thailand, Hong Kong and China, and is currently HSBC’s Regional Head of Global Payments and Cash Management (GLCM) for the Asia Pacific region – a role he has held since January 2015.

In his current role, Wong leads the region’s cash management specialists to drive innovative digital solutions catering to wholesale banking clients and their eco-systems and has revenue responsibilities of more than USD4 billion per annum.

Prior to this, Wong was the Head of GLCM for HSBC China between 2010 and 2015, said to be a strategic priority market for HSBC globally.

HSBC’s CEO for Asia Pacific, Peter Wong said: “Singapore is central to our ambitious growth plans in the region. We will be increasing our investment in both people and technology as we continue to strengthen our wholesale banking services, particularly for multinational corporations headquartered in the country, and to grasp the growing wealth management opportunities in Southeast Asia and beyond.”

“Kee Joo’s most recent role as Asia-Pacific head for Global Liquidity and Cash Management means he has strong experience in developing digital solutions for wholesale clients and supporting the trade and investment flows between China and ASEAN, which has become the world’s most important commercial corridor. This experience means Kee Joo is perfectly suited to help clients capture the rising commercial, wealth and digital opportunities that Singapore and the region presents.”