HSBC Bank (Singapore) has appointed Penny Goh as its first independent chairman of its board.
Goh’s appointment is effective on Feb 16.
Goh succeeds outgoing board chair Mervyn Fong, who has served as interim board chair since August 2021.
Fong will continue to serve as chair of the risk committee and member of the audit committee until his retirement from the board in April.
Goh, who was formerly the co-chairman and senior partner of Allen & Gledhill, was first appointed to the HSBC Singapore board as an independent non-executive director. She is also a member of the bank’s audit and risk committees.
She is the current chair of Keppel REIT Management, the manager of SGX-listed Keppel REIT.
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She is also an independent director of Keppel Corporation and a member of its audit and risk committees, as well as being a director of Keppel Land and Singapore Totalisator Board.
Wong Kee Joo, CEO and executive director of HSBC Bank (Singapore), says: “Penny will be the first independent chair of HSBC Bank (Singapore) – a fitting reflection of her strategic navigation of the bank.”
“Drawing on her experience, skills and expertise spanning law, management and strategic planning, Penny has played a key role in the board’s stewardship of our retail banking business. Her intimate knowledge of the Singapore market will help further accelerate our ambition to be the leading international bank supporting our clients’ wealth management needs,” he adds.
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In his statement, Wong also thanked Fong for his contributions over the duration that he has served on the board of HSBC Singapore.
“Under Mervyn’s guidance as the risk chairman, we continued to bolster our risk, governance controls and culture which are crucial in support of continued business growth acceleration,” says Wong.
Photo: HSBC Singapore
