Money Matters with Hongbin Jeong and Chua Tian Tian (4pm - 7pm)Under the Radar: In conversation with first Singaporean CEO of HSBC Singapore Kee Joo Wong – HSBC Singapore on interest margin with Fed rate hike cycle nearing an end; FDI into ASEAN; A bigger role for Singapore as part of expansion in Asia; Acquisition of Singapore’s AXA Insurance and future deals; HSBC’s acquisition of UK arm of SVB and impact on Singapore; Priorities for HSBC Singapore
Did you know that Singapore has been home to many foreign banks in the 1800s?
In fact our guest for today is one of them. Having opened its first branch in Singapore in 1877, HSBC Singapore is a qualifying full bank serving the international needs of individual, corporate and institutional clients.
It provides retail banking, wealth management, commercial investment, private banking, insurance as well as securities and capital market services.
Fast forward to today, HSBC Singapore has close to 4,000 employees and serves as an international wealth and regional wholesale hub, while being a sandbox for digital innovation experiments for the Group.
The bank is now carving out a bigger role for Singapore as a regional hub as it expands in Asia, with the city receiving funds from a US$6 billion (S$8.1 billion) investment earmarked to drive its Asian growth between 2021 and 2026. But what can we expect on this front?
On Under the Radar, Drive Time’s finance presenter sat down with Kee Joo Wong, CEO, HSBC Singapore for more. He is also the first Singaporean CEO of HSBC Singapore.
