RETAIL BANKING | Staff Reporter, China

BEA China names new chief executive

The bank will digitalise their retail banking segment under his leadership.

Bank of East Asia China (BEA China) has appointed Montgomery Ho Shun-wah as executive director and chief executive, according to an announcement.

This appointment has been approved by the China Banking and Insurance Regulatory Commission. (CBIRC).

Under his leadership, BEA China will introduce different business transformation initiatives, including the digitalisation of retail banking, which are expected to expand customer base and increase the share of retail banking in its operating income and loan portfolio.

In addition, by promoting its transaction banking services, investment banking services, cross-border financial solutions and sales of treasury products for corporate customers, BEA China aims to optimise its asset portfolio and drive growth in non-interest income.

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