Kelvin Ng has taken over as head of group global markets from 1 April 2024, replacing Leslie Foo, who is retiring. In addition, from 25 March 2024, Adaline Zheng has been appointed as the new chief executive officer of UOB Hong Kong Branch, effective on 25 March.
Ng will be responsible for treasury solutions and financial products across multiple asset classes to help UOB’s clients meet their investment, liability and risk management needs, according to a statement by the Singapore bank.
He will also be responsible for managing UOB’s funding and liquidity in accordance with regulatory requirements and optimise the bank’s assets within its risk framework.
Ng has more than two decades of markets experience and joined UOB in June 2019 as group head of trading. Previously, he held leadership roles in the trading function at foreign banks. Since March 2022, Ng has also been deputy head of group global markets.
In his new role, he will report to Frederick Chin, head of group wholesale banking and markets.
As the CEO of UOB Hong Kong Branch, Zheng will be responsible for overseeing UOB’s
businesses and operations in Hong Kong SAR, defining its strategic directions, driving growth and development, as well as maintaining strong relationships with stakeholders such as customers and regulators.
Zheng has more than two decades of experience in the banking sector, starting out as a
management trainee in a multinational bank in China. She worked her way up the ranks, holding various leadership roles in wholesale banking and was the general manager of its Shanghai branch and deputy head of commercial banking in China.
She joined UOB in 2018 as head of wholesale banking in UOB China and later served concurrently as its alternate chief executive officer.
Zheng succeeds Christine Ip, who has been CEO of UOB Hong Kong Branch since 2012, and she will report to Ip, who remains as UOB’s CEO of Greater China, a role she has held
since 2016. Ip is concurrently UOB’s head of group strategic communications and brand
in Singapore.
