The board of directors of EFG International has nominated Fong Seng Tee for election to its board at the next Annual General Meeting in April 2018.
In addition, Mr Tee will chair EFG’s advisory board for Asia, which will be established by end-2017. The new advisory board will provide guidance and advice to support the bank’s growth strategy in Asia. In his role as chairman, he will work closely with the board of directors and with regional management under the leadership of Albert Chiu to support the expansion of EFG’s business in Asia.
Mr Tee brings with him almost 40 years of international banking experience and has held several leadership roles during his career. He will join EFG from Credit Suisse, where he served in various senior management positions in the bank’s private banking division in the Asia Pacific region since 2009. In his most recent role, he was vice chairman private banking in the Asia Pacific region. He also served as chief executive of Credit Suisse’s Hong Kong Branch and head of market Greater China.
John Williamson, chairman of EFG International, said: “He [Mr Tee] brings with him extensive experience in the Asian private banking industry, and his nomination underscores the importance of the Asia region for our bank. We are fully committed to further developing our business in Asia, especially in Singapore and Hong Kong, with a strong focus on quality and client service. I am convinced that Fong Seng will make a major contribution to our bank’s future success.”
EFG International is a global private banking group offering private banking and asset management services and is headquartered in Zurich.