Banking News

HSBC Singapore CEO Moves To Saudi British Bank

HSBC Singapore CEO Moves To Saudi British Bank

(22 February 2021 – Singapore) HSBC Singapore is naming a new chief executive officer (CEO) to succeed Tony Cripps, who will be managing director-designate and board member of Saudi British Bank (SABB) from April 4.

SABB, in which HSBC is the largest shareholder with a 31 percent stake, disclosed his appointment in a Wednesday bourse filing.

Prior to his appointment as HSBC Singapore CEO in 2017, Cripps was CEO of HSBC Australia, CEO of HSBC in the Philippines, and held leadership positions in HSBC’s Global Banking and Markets business in London and Hong Kong.

The bank wants to further increase its capability and presence across the region, and Singapore is central to this, he added. HSBC will build on the "clear and focused strategy" that Mr Cripps developed.

"Under Tony's leadership, HSBC has increased its investment into the business including key people hires, strategic technology upgrades and proposition enhancement, which has resulted in strong underlying revenue growth for the franchise and the wider ASEAN business," said HSBC deputy chairman and CEO, Peter Wong.

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