Veteran banker Jacky Ang succeeds Mr Sonjoy Phukan as Global Chief Operating Officer.
Bank of Singapore today announced the appointment of Mr Jacky Ang (洪权)as Global Chief Operating Officer (COO) (首席运营官) to succeed Mr Sonjoy Phukan who will be leaving the Bank to pursue other interests.
The new appointment takes effect from 13 September 2023. Mr Ang will report to Chief Executive Officer (首席执行官) Mr Jason Moo (巫毅盛). He will be made a member of the Bank’s management committee.
As the Global COO, Mr Ang will support the Chief Executive Officer in the strategic steering of the Bank while overseeing the execution of its key strategic initiatives. In addition, he will spearhead the Bank’s transformation efforts and have oversight of the governance and operations to support the continued growth of the franchise in its key markets across ASEAN, Greater China and Middle East.
Mr Ang, a Singaporean, joins from Credit Suisse where he was the Southeast Asia COO. Concurrently, he was the Singapore Branch Manager and Head of Wealth Management.
A veteran banker, with more than 26 years of experience in corporate governance, new business development and wealth management services, Mr Ang has worked in three leading Asian financial hubs – Singapore, Hong Kong and Tokyo.
From 2006 to 2011, Mr Ang helped Credit Suisse expand its regional footprint and product offerings across Asia as the Head of New Business, Asia Pacific. These included the establishment of its branch in Mumbai, India, as well as its China onshore joint venture with Founder Securities. Mr Ang was then responsible for the day-to-day operation of the Singapore branch – Credit Suisse’s largest office in Asia.
Mr Jason Moo, Bank of Singapore Chief Executive Officer, said: “Jacky is highly regarded as a strong leader with an innovative and forward-looking mindset. His in-depth knowledge of the industry across our key markets, coupled with a sound understanding of compliance, controls and risk management, will be a great asset to our franchise. I am confident that Jacky, together with the management team, will propel Bank of Singapore to greater heights.”
Mr Ang graduated from the University of London with a Bachelor’s degree in Economics (Banking and Finance). He is a graduate of the Asian Financial Leadership Programme in 2016.
Mr Phukan joined Bank of Singapore in 2017 as Global COO. During his tenure as Global COO, Mr Phukan created and spearheaded a multi-year transformation roadmap for the Bank, which earned him the industry accolade as COO of the Year – awarded by the Asian Private Banker in 2020.
He also played an instrumental role in pioneering an innovation culture for the Bank, driving technology investments into digitising client interactions as well as elevating overall client satisfaction by creating a Client Experience vertical in support of the franchise’s strong growth ambitions.
Mr Moo added: “I would like to thank Sonjoy for his invaluable contributions to the Bank over the last six years. He has been instrumental in driving our transformation efforts which have added scale and scope for franchise. We greatly appreciate Sonjoy’s dedication and leadership in building our business and wish him well in his future endeavours.”