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EFG finds replacement for Asia Pacific chair

A former CEO of DBS in Hong Kong has been hired as the new chairwoman of the EFG International Asia Pacific advisory board.

Amy Yip replaces Tee Fong-Seng, who was poached by Pictet Wealth Management to be its Asia chief executive officer beginning 1 October, FSA previously reported.

Yip, who will be based in Hong Kong, will help EFG’s business expand in Asia-Pacific in line with its 2022 strategic plan.

She is currently a member of the board of directors of Fidelity International, Deutsche Boerse, Temenos and American International Group, according to a statement from the firm.

She is also a founding partner of Rays Capital Partners, an investment management company specialising in Asian capital markets, according to the statement. She previously worked at DBS Bank in Hong Kong, where she served as chief executive officer from 2006 to 2010.

Prior to that, Yip held various senior roles within the Hong Kong Monetary Authority between 1996 and 2006.

Yip will work with the board of directors and the Asia Pacific executive chairman, Albert Chiu, and his regional management team, to drive the expansion of EFG’s business in Asia Pacific.

In the statement, John Williamson, chair of EFG International, said he was confident in Yip’s appointment and believes she will instrumental in expanding the firm’s business in the region.

EFG International offers private banking and asset management services and is headquartered in Zurich.

Part of the Bonhill Group.