© Reuters.
In a current strategic transfer, abrdn, the British asset administration agency, has appointed Ho-Loon Kong as its new APAC chief danger officer. Kong, who beforehand held the function of managing director at Credit score Suisse in Singapore, brings a wealth of expertise to his new place. His profession features a near-five-year tenure at Credit score Suisse, the place he was chargeable for compliance and regulatory relations throughout Southeast Asia and India, in addition to practically a decade at Financial institution of America.
The appointment comes amid a notable excessive turnover charge inside Credit score Suisse’s Singaporean danger group, which has seen an exodus of expertise following the merger with UBS. Kong’s departure is the newest in a sequence of shifts that spotlight a rising pattern of former Credit score Suisse personnel transitioning to roles in varied monetary establishments, together with funding banks and personal credit score companies.
Kong’s intensive background in managing compliance and overseeing regulatory relations throughout the Asia-Pacific area is predicted to be a major asset to abrdn as the corporate navigates the complexities of the monetary panorama on this various market. His seasoned experience, gained from his time at each Credit score Suisse and Financial institution of America, positions him effectively to steer abrdn’s danger administration methods within the APAC area.
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