The Singapore-based private bank has made a number of senior hires for its operations in Greater China recently.

Bank of Singapore has appointed Richard Hu, who has more than 20 years of experience in the region, as market head for Greater China. He will lead a team of relationship managers and be based in Hong Kong. A spokesperson for the bank told this news service that the post is a newly-formed one.

Hu reports directly to Derrick Tan, chief executive of Bank of Singapore Hong Kong branch and global market head for Greater China and North Asia. (Tan recently collected an award from this news service in Hong Kong as part of the publication’s Greater China Awards programme.)

Last year, Bank of Singapore announced three senior hires with extensive banking experience in the region: market heads Phonda Chan and Anne Song, and head of risk, Jacqueline Lee.

Prior to his new role, Hu worked at Avenue Asset Management, a firm started in 2016. In his role as MD and founding partner, he started a venture capital fund, a real estate fund and a fixed income fund. Prior to that, he was the group head of the Greater China market at Julius Baer, and the business head of North Asia and market head for the China and Taiwan onshore and offshore team at HSBC Private Banking. He has also worked at Credit Suisse, UBS Wealth Management and Citi Private Bank where he held key leadership positions in the Greater China region.