Hang Seng Bank names new risk committee chairman

Kenneth S Y Ng is stepping down from the role.

Hong Kong’s Hang Seng Bank has named Xiao Bin Wang as the new chairman of its risk committee, effective from the end of the annual general meeting in May 2024.

Kenneth S Y Ng, who is currently its chairman, will step down from the role as well as in his position as independent non-executive director of the bank.

Ng is stepping down to “devote more time to his other commitments and areas of interest,” Hang Seng Bank said in a press release.

“Mr Ng has confirmed that he has no disagreement with the Board and that he is not aware of any matter relating to his stepping down from the Board that needs to be brought to the attention of the shareholders of the bank,” the bank said in a press release.

Wang, meanwhile, will continue to be an independent non-executive director of the bank following his new role as risk committee chief. 

As at the date hereof, the board of directors of Hang Seng Bank are Irene Y L Lee (Chairman), Diana Cesar (Chief Executive), Cordelia Chung, Kathleen C H Gan, Clement K M Kwok, Patricia S W Lam, David Y C Liao, Huey Ru Lin, Kenneth S Y Ng, Say Pin Saw and Xiao Bin Wang.