EFG Appoints New Chairwoman of APAC

EFG International replaces former Asia Pacific chair, Tee Fong Seng, with a 40-year veteran and ex-CEO of DBS in Hong Kong.

Amy Yip succeeds Tee, who recently joined Pictet as its Asia CEO of private wealth management, with the intention to «help drive and oversee the further expansion of EFG’s business in Asia Pacific, in line with its 2022 strategic plan». According to EFG, its 2022 plan for sustainable profitability includes a focus on hiring relationship managers and growing its international business.

Yip is currently a member of the Board of Directors of Fidelity International, Deutsche Boerse, Temenos and American International Group. Her vast financial sector experience includes DBS in Hong Kong, where she was CEO (2006-2010), senior roles in the Hong Kong Monetary Authority (1996-2006), J.P. Morgan, Citibank and Rothschild Asset Management. Yip is also the founding partner of investment management firm RAYS Capital Partners, which specializes in Asian markets, established since 2011.

«I am honored to have been appointed as the new Chair of EFG’s Asia Pacific Advisory Board. I look forward to working closely with Albert Chiu (Asia Pacific executive chairman), the regional management team and the Board of Directors to successfully grow EFG’s Asia Pacific business,» Yip said in the release.

EFG International chair, John Williamson, expressed his confidence in Yip’s hire highlighting regional development «with a strong focus on the quality of client service and risk management».