Bank of Singapore Loses Market Head
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Bank of Singapore has lost an industry veteran and market head for Greater China, sources said.
Greater China market head Richard Hu has left Bank of Singapore, sources said, after joining in the role two years ago.
Hu is an industry veteran with more than 20 years of experience in the region. He previously held multiple senior roles covering Greater China markets with Julius Baer, HSBC Private Bank, Credit Suisse, UBS, and Citi Private Bank.
A spokesperson for the bank confirmed the exit. Although Bank of Singapore continues to be in hiring mode – it recently welcomed ex-UBS head of wealth planning for Singapore Paul Chua – it has also seen an outflow of executives in 2021.
Earlier this month, we reported the departure of its head of Russia and Eastern Europe Vadim Bondarev.
Several rival banks have been beneficiaries from recent exits such as RBC Wealth Management which named Vincent Cheng as a Hong Kong-based relationship manager and Credit Suisse which hired Rohit Narayanan to cover the India market. And In Janaury, Suresh Nair joined Standard Chartered Private Bank as a senior client partner.
Questions & Answers
Q.What was Richard Hu's role at Bank of Singapore?
What was Richard Hu's role at Bank of Singapore?
Richard Hu was the market head for Greater China at Bank of Singapore. He joined the bank in this role two years ago.
Q.Which other banks has Richard Hu previously worked for?
Which other banks has Richard Hu previously worked for?
Richard Hu previously held senior roles covering Greater China markets at Julius Baer, HSBC Private Bank, Credit Suisse, UBS, and Citi Private Bank.
Q.Has Bank of Singapore experienced other recent executive departures?
Has Bank of Singapore experienced other recent executive departures?
Yes, earlier this month, the head of Russia and Eastern Europe, Vadim Bondarev, also departed. The bank has seen an outflow of executives in 2021.
Q.Which former UBS employee recently joined Bank of Singapore?
Which former UBS employee recently joined Bank of Singapore?
Bank of Singapore recently welcomed Paul Chua, who was previously the ex-UBS head of wealth planning for Singapore.