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Yang will in December succeed Eric Raynaud, who is retiring after a more than 40-year career in banking, including more than half that time in Asia.
Banks join 12 others to co-develop trade registry proof-of-concept in move supported by Singapore government and endorsed by lenders’ association.
CEO apologizes and says lender has recruited 200 staff to fight crime. The bank is now set to increase provisions by a further A$404 mln on top of a A$900 mln charge already taken.
Citi announces appointment of a 20-year risk and compliance professional as managing director and chief country compliance officer for Australia and New Zealand
Citi Treasury and Trade Solutions has appointed a career Citibanker as its new head of trade, with a focus on delivering innovative trade financing solutions
Corporate lender Bank of Asia – a British Virgin Islands offshore bank – appoints female Asian bank executive to head up its operations
The Monetary Authority of Singapore (MAS) is looking to formally guide banks to embed environmental risk assessment into their risk management policies
DB is skilling up with fintech talent as former Ant Financial credit-tech expert joins the German lender to head corporate cash management in China
China is now embarking on some expensive medicine to ease its economic recovery, earmarking a further RMB1 trillion (US$141 billion) for SMEs
HSBC has become one of the first banks to trade in the RMB interest rate option on the first day of its operation