EFG International hired a former chief executive of DBS as chair of the Asia Pacific advisory board. The experienced banker aims to help the firm return back on track in the region.
Amy Yip (pictured below) succeeds Tee Fong Seng with the intention to help drive and oversee the further expansion of EFG’s business in Asia Pacific, in line with its 2022 strategic plan. According to EFG, its 2022 plan for sustainable profitability includes a focus on hiring relationship managers and growing its international business. Tee recently joined Pictet as Asia CEO of private wealth management.
Yip is a member of the boards of Fidelity International, Deutsche Boerse, Temenos and American International Group. She was the CEO of DBS in Hong Kong for four years through 2010 and held senior roles at the Hong Kong Monetary Authority, J.P. Morgan, Citibank and Rothschild Asset Management.
EFG Chairman John Williamson said that Yip will advise the bank on its expansion in Asia,where the company is saddled with some legacies and had asset outflows to contain with.
