HSBC Singapore names Tancy Tan as new COO
HSBC Bank (Singapore) has appointed Tancy Tan as its chief operating officer, effective from Monday (Feb 21), the local branch of the British financial institution said in a news release.
In her new role, she will report to HSBC Singapore's chief executive Wong Kee Joo on an entity level, and to David Grimme, HSBC Asia-Pacific chief operating officer, on a functional basis.
Prior to her appointment, Tan spent more than 15 years at American investment bank JPMorgan Chase, where she was most recently the global head for its centre of excellence for intelligent automation, asset and wealth management, leading the insertion of artificial intelligence and analytics into the company's operations.
She was also its executive director of digital and platform service from 2006 to 2019, according to her LinkedIn profile.
She previously held leadership roles in Singapore and abroad, where she delivered product rollouts, managed clients, built client platforms and post-merger integrations and developed digitisation strategies, the news release stated.
On Tan's appointment, Wong said: "Tancy's digital development and wider international experience - coupled with her client-facing background - will be crucial for Singapore as we continue to build our online platforms across our wealth and wholesale businesses.
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"We are also thrilled to be adding another Singaporean female talent to our leadership team which will deepen and widen our strategic perspectives as we begin to further grow our business in Singapore," he added.
This announcement comes after HSBC Singapore appointed Penny Goh to its board as its new independent chairman on Feb 16.
It also completed the acquisition of insurance company AXA Singapore through an indirect wholly-owned subsidiary, HSBC Insurance (Asia Pacific) Holdings, for a consideration of US$529 million, the financial institution announced on Feb 11.
HSBC Singapore's growth plans include doubling the total wealth balances of its wealth and personal banking business in the next 5 years.
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