HSBC Singapore CEO to Depart for New Role

He will be taking on a new role at the Saudi British Bank (SABB) – 31-percent owned by HSBC – from April 4.

HSBC Singapore will be naming a new chief executive to succeed Tony Cripps, who will be managing director-designate and board member of SABB, the bank said in an internal memo signed by deputy chairman and chief executive Peter Wong.

Cripps was appointed HSBC Singapore CEO in 2017. He was previously chief executive of HSBC Australia, chief executive of HSBC in the Philippines, and held leadership positions in HSBC’s Global Banking and Markets business in London and Hong Kong.

Wong said that under Cripps’ leadership, HSBC made key people hires, strategic technology upgrades and proposition enhancement, which resulted in strong underlying revenue growth for the franchise and its wider Asean business.

He added that HSBC will build on the «clear and focused strategy» Cripps developed, as the bank aims to increase its capability and presence across the region.