Wong Kee Joo to take over as HSBC Singapore CEO

WONG Kee Joo, most recently HSBC's Asia-Pacific head for global liquidity and cash management, will take over as the bank's Singapore CEO from June 1, according to an internal memo seen by The Business Times on Monday.

Mr Wong will replace Tony Cripps, who is leaving to become the managing director-designate and a board member of Saudi British Bank (SABB) from April 4. HSBC is the largest shareholder in SABB with a 31 per cent stake.

Before Mr Wong takes over the helm, HSBC Singapore's chief operating officer Olfert De Wit will act as the bank's interim Singapore CEO.

In the memo, HSBC CEO Peter Wong noted that Mr Wong Kee Joo is Singaporean, and has worked in markets including the UK, Thailand, Hong Kong and mainland China.

"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," Mr Peter Wong said.

"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."

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Mr Peter Wong added that HSBC is looking to "grasp the growing wealth management opportunities in South-east Asia" and will increase investments in both technology and people.