RETAIL BANKING | Staff Reporter, China

Bank of East Asia (China) appoints Cartier Lam Chi-man as executive director & chief executive

He succeeds Mr. Kwan Tat-cheong

In a release, the Bank of East Asia (China), the wholly-owned Mainland China subsidiary of The Bank of East Asia, recently announced that its Board of Directors has appointed Mr. Cartier Lam Chi-man as Executive Director & Chief Executive of BEA China. Mr. Lam's appointment has been approved by the China Banking Regulatory Commission. Mr. Lam succeeds Mr. Kwan Tat-cheong, who will take up a new position as Senior Advisor to BEA China.

Aged 52, Mr. Lam is a native of Hong Kong and holds a doctorate degree in Business Administration. Mr. Lam has gained more than 20 years of extensive banking experience on the Mainland. He served as Business Manager of BEA's Guangzhou Branch, Chief Representative of BEA's Fuzhou Representative Office, and then General Manager of BEA's Dalian Branch and Xiamen Branch. Prior to his new appointment, Mr. Lam served as Deputy Chief Executive of BEA China.

Mr. Lam's extensive experience in the banking industry and his deep insight into the Mainland's financial markets will support the subsidiary bank's growth despite the current challenges facing the domestic banking industry in China. Mr. Lam is expected to continue BEA China's strategy of adopting innovative banking technologies, penetrating industries that the government has pledged to develop under the economic transformation development plan, and providing quality financial services to customers.

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