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Treasury & Capital Markets / On The Move
UOB announces appointments to management team
Kelvin Ng named head of group global markets from April 1, Adaline Zheng takes over as Hong Kong CEO
The Asset 27 Mar 2024

Singapore-based lender UOB has made two appointments to its management team as part of its commitment to leadership development and career mobility.

Kelvin Ng takes over as head of group global markets from April 1, replacing Leslie Foo, who is retiring. With effect from March 25, Adaline Zheng has been appointed as the new chief executive officer of UOB Hong Kong branch.

In recent years, UOB has increased cross-business segment collaboration and grown its markets capabilities and platform while increasing its market share and visibility.

As the new head of group global markets, 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. He will also be responsible for managing UOB’s funding and liquidity in accordance with regulatory requirements and optimize 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.

Ng holds a bachelor of science from the London School of Economics. In his new role, he will report to Frederick Chin, head of group wholesale banking and markets.

Wholesale banking experience

As the CEO of UOB Hong Kong branch, Zheng will be responsible for overseeing the bank’s businesses and operations in the Hong Kong Special Administrative Region, defining its strategic directions, driving growth and development, and maintaining strong relationships with customers, regulators and other stakeholders.

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 China and later served concurrently as alternate chief executive officer for China. She is highly experienced in business management and integrated branch operations management and is well versed in product offerings across commercial banking and investment banking.

Zheng holds a bachelor of international finance from Shanghai Jiao Tong University.

In her five years with UOB, Zheng has successfully overseen the wholesale banking businesses under her portfolio, covering various segments such as corporate banking, commercial banking, financial institutions, structured trade and commodity finance, transaction banking, investment banking and middle offices.

Zheng succeeds Christine Ip, who has been CEO of UOB Hong Kong branch since 2012. Zheng will report to Ip, who remains as UOB’s CEO for Greater China, a role she has held since 2016. Ip is concurrently UOB’s head of group strategic communications and brand in Singapore.

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