Tan is also Bank of Singapore’s global market head for Greater China and North Asia.
Bank of Singapore announced that Derrick Tan has taken on the additional role of chief executive of its Hong Kong branch with effect from 6 March 2018.
Tan will lead the overall strategy to drive Bank of Singapore’s growth and presence in Greater China and North Asia with a strategic focus on the Guangdong-Hong Kong-Macau Greater Bay Area.
China has plans to turn the Greater Bay Area into the world’s largest bay area in terms of GDP by 2030, surpassing the economies of Tokyo, New York and the San Francisco bay areas.
The Greater China region was a key contributor to Bank of Singapore’s strong growth in 2017, where its overall assets under management (AUM) grew by 25% on a year-on-year basis to US$99 billion.
Tan has close to 20 years of banking experience. He joined Bank of Singapore in March 2010 and was appointed to the Management Committee as the global market head for Malaysia, Brunei, Japan, Sub-Continent and Middle East in December 2014. He assumed the role of global market head for Greater China and North Asia in January 2018.
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