MENA Newswire: Bank ABC announces the appointment of Cherie Teng as its new Head of Asia and the General Manager for its Singapore branch. She takes over from Ms. Kaheng Leaw, who previously held this position, and had a 16-year career with Bank ABC.
The Bank’s Acting Group CEO, Sael Al Waary, commented on this appointment, “We are pleased to welcome Ms. Teng to the ABC family as we accelerate our transformation agenda to build the ‘bank of the future’. Her outstanding track record in the Asian market reinforces our confidence in her abilities to grow our business in this key market.”
“We’d also like to thank Kaheng for her commitment and hard work over the years and the remarkable leadership she displayed as the Group Asia Head and GM of our Singapore branch,” he added.
Commenting on her new role, Ms. Teng said, “There’s a definite energy in the Group’s senior leadership, which is eager to transform the Bank and challenge the status quo. This is extremely inspiring and encourages you to think outside the box. I am grateful for the opportunity to lead the Bank’s business in Asia and looking forward to contributing to the Group’s evolution with the rest of my colleagues.”
In a career spanning over 25 years, Cherie has successfully held several senior wholesale banking roles with world-leading banks. She joins the Bank ABC Group from HSBC Singapore, where she held the position of MD, Head of Corporate Banking, Commercial Banking, responsible for a portfolio of over 400 group relationships. Prior to that, she was with Standard Chartered Bank, where she started her career as an International Management Trainee and left as MD, Head Global Corporates, Wholesale Bank. Ms. Teng holds a Bachelor of Science in Economics from the University of London, United Kingdom.