The Bank of East Asia (China) Limited (BEA China) has announced the appointment of Montgomery Ho Shun-wah as Executive Director & Chief Executive by the Board of Directors of BEA China. The appointment has been approved by the China Banking and Insurance Regulatory Commission.
Mr. Ho, who was born in Hong Kong, holds a Master of Business Administration degree from the Chinese University of Hong Kong. He has over 30 years of experience in the banking industry and a deep understanding of the development and management of banks in Mainland China. Having worked in the country for nearly 10 years, Mr. Ho has unique insight into the financial market and understands the needs of local customers.
BEA China strives to excel in its localised development strategy and has grown steadily to become one of the leading foreign banks on the Mainland. Under Mr. Ho’s leadership, BEA China will proactively introduce different business transformation initiatives, including the digitalisation of retail banking, which is expected to expand customer base and increase the share of retail banking in its operating income and loan portfolio.