HSBC Singapore CEO to Depart for New Role
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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.
Questions & Answers
Q.What is the relationship between HSBC and the Saudi British Bank, where Tony Cripps will be taking up his new position?
What is the relationship between HSBC and the Saudi British Bank, where Tony Cripps will be taking up his new position?
The Saudi British Bank (SABB) is 31-percent owned by HSBC. Tony Cripps will be moving there from his current role at HSBC Singapore to become managing director-designate and a board member.
Q.How long has Tony Cripps served as the CEO of HSBC Singapore before his departure?
How long has Tony Cripps served as the CEO of HSBC Singapore before his departure?
Tony Cripps was appointed as HSBC Singapore CEO in 2017. He will be departing to take on his new role from April 4, having led the bank for several years.
Q.What key achievements did HSBC Singapore see under Tony Cripps' leadership?
What key achievements did HSBC Singapore see under Tony Cripps' leadership?
Under Tony Cripps' leadership, HSBC Singapore made key people hires, strategic technology upgrades, and proposition enhancements. This led to strong underlying revenue growth for the franchise and its wider Asean business.
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