Sit to sit as Hang Seng China CEO

Mrs Dorothy K Y P Sit, Director of Hang Seng China, will be appointed as Chief Executive of Hang Seng China. She is currently General Manager and Chief Operating Officer of Hang Seng Bank.

She will replace Mr Johnson Fu, Chief Executive of Hang Seng Bank China Limited, who has resigned for personal reasons. Fu joined Hang Seng Bank as Deputy General Manager and Head of China Business in 2005. He became Chief Executive of Hang Seng China when it was set up in May 2007.

Sit began her career with The Hongkong and Shanghai Banking Corporation Limited in 1976 after receiving her Master of Business Administration degree from the Chinese University of Hong Kong.

She worked in a variety of positions in retail banking, operations and systems, mainland China project finance, products and services development, marketing, savings and retail investments. She was appointed Senior Executive Deputy Head of Personal Financial Services in 2002, with responsibility for customer service and sales delivery in Hong Kong.

In January 2004, Sit was appointed Head of Personal Financial Services, Hong Kong, with responsibility for overseeing The Hongkong and Shanghai Banking Corporation Limited's personal financial services development in Hong Kong. She was appointed Director of Bank of Shanghai in 2004-2005.

Sit joined Hang Seng Bank in December 2005 as General Manager. She was appointed Chief Operating Officer in January 2006, and Director of Hang Seng Bank (China) Ltd in June 2007.