Standard Bank Finance Manager

Standard Bank Finance Manager – New York-based Citi has announced the appointment of Vicky Kong as consumer business manager for Citibank Hong Kong and as chief executive of Citibank (Hong Kong), effective 6 September.

Most recently, Kong was regional head of wealth management for Greater China, North Asia and Hong Kong, and head of global wealth proposition, at Standard Chartered Bank. Before joining Standard Chartered in 2008, Kong spent 14 years at Citi, taking on roles across the bank’s Retail Banking, Wealth Management and International Personal Banking divisions.

Standard Bank Finance Manager

Reporting to Angel Ng, head of Asia for Citi Global Wealth, and Aveline San, CEO of Citi Hong Kong and Macau, Kong will oversee Citi’s overall banking business in Hong Kong, including the bank’s wealth strategy, the announcement explained.

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Ng said in the statement that the bank’s wealth and consumer business will continue to grow as markets experience rapid changes and people increasingly focus on managing their wealth. He added that Kong will develop the bank’s ongoing digital transformation journey.

“The Bank will continue to drive the growth of affluent consumers and businesses by using digital capabilities to further enhance the customer experience throughout their banking journey,” explained a Citi spokesperson.

Hong Kong remains one of Citi’s four global wealth centers, while the bank exits consumer banking in 14 markets across Asia and EMEA. It sold its Philippine consumer banking arm to UnionBank in August and its Australian consumer business to NAB in June. It has also struck deals in India, Taiwan, Indonesia, Vietnam, Thailand, Malaysia and Bahrain, a spokesman said earlier.

In April this year, Standard Chartered appointed Alson Ho to replace Kong as head of Hong Kong wealth management. A spokesman for Standard Chartered declined to comment on who now oversees wealth management for Greater China and North Asia, which previously fell under Kong’s remit.

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Read the article 4 min read Supporting the People on the Continent From a commercial point of view, the African continent has lost a significant part of all its economic activities. Things have started to improve in the first tier, but we are nowhere near where we need to be.

Read the article 4 min Read Unlocking Women’s Potential Of course, working towards gender equality is a moral obligation. It’s the right thing to do – and it makes economic sense too. By denying a group that occupies more than half of Africa, and indeed half of the world’s population, their full rights and opportunities, we are simply preventing human growth and development.

Read the article 3 min Read Taking the bull by the horns – Leila Fourie Leila Fourie, Group CEO, JSE, uses her extensive experience and interaction in South East Asia and Australia to redefine what markets will look like capital and investment in Africa – a reimagined investment community accessed through cutting-edge end-to-end technology, untapped capital markets and SMEs. Harnessing the potential of AI, blockchain and end-to-end technology to provide an investment platform that works for all South Africans, the focus is shifting not only to increasing the existing number of large companies that are already listing on the JSE, but also to aggressively attract investors from elsewhere in Africa, the Middle East, Eastern Europe and Southeast Asia.KUALA LUMPUR (August 11): Oil and gas player Yinson Holdings Bhd and its project partner Sumitomo Corp committed to US$670 million syndicated loan facilities. for the Anna Nery FPSO project, a floating, production, storage and offloading (FPSO) vessel for the Marlim regeneration project in Brazil.

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The deal, entered into through its Singaporean subsidiary Yinson Production Offshore Pte Ltd, also included ING, Natixis and Standard Chartered Bank as underwriting banks.

In addition to that, the agreement was also signed by AmBank, United Overseas Bank Ltd, Mizuho Bank Ltd and the Hongkong and Shanghai Banking Corp Ltd (HSBC), who are participating as senior lenders.

“The deal was sealed amid significant challenges in the FPSO financing space, which have been exacerbated over the past year by the ongoing Covid-19 pandemic and evolving investors due to the energy transition.

“The success of this deal is testament to the investment community’s confidence in Yinson’s ability to continue to deliver on our commitments and in the soundness of our business strategy,” said Daniel Bong, Yinson Group’s chief strategy officer, in a statement today.

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FPSO Anna Nery is Yinson’s first Brazilian asset and largest project to date. The FPSO has been contracted by its customer, Petróleo Brasileiro SA (Petrobras) and is expected to be deployed in the Marlim field in the Campos Basin, offshore Brazil by 2023. Sumitomo owns a 25% stake in the project.

According to Yinson, the five-year restricted resource loan will be used to refinance an existing $400 million bridge loan received in September 2020, and to support the ongoing construction of the Anna Nery FPSO.

Yinson’s chief executive officer of offshore production, Flemming Grønnegaard, said the continued ability of the project team to meet construction milestones was essential to cementing the insurance banks’ support for the syndicated loan facility.

“With support from our client, contractors and subcontractors, we are proud to reach the halfway point of the EPCIC (engineering, procurement, construction, installation and commissioning) construction phase on time despite difficult circumstances exacerbated by the pandemic.

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“We recently completed the final dry-drying operation at a Cosco shipyard in China and are on track for delivery in the last quarter of 2022,” he explained.

As at 4.15pm, Yinson shares were trading down nine sen or 1.99% at RM4.43 each with a market capitalization of RM4.86 billion. Proparco and Standard Bank signed two guarantee agreements for €28.5 million in Johannesburg today during Proparco Deputy Chief Executive Djalal Khimdjee’s visit to South Africa. The guarantees are in line with the Africa Choice initiative to promote the growth of Micro, Small and Medium Enterprises (MSME) and entrepreneurship in Africa. Standard Bank will further support job creation for MSMEs in South Africa through these guarantees. The EURIZ guarantee grant benefited from support from the European Union and the Organization of African, Caribbean and Pacific States.

As part of Proparco Deputy Chief Executive Djalal Khimdjee’s visit to South Africa, Proparco and Standard Bank signed two new guarantees, strengthening their relationship in South Africa:

•     a loan balance sheet guarantee called ARIZ ZAR (19.5 million euros), which allows the bank to continue its SME lending activities in a difficult post-Covid environment in South Africa.

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EURIZ ZAR denominated loan paper guarantee (€ 9 million) which will focus on the EURIZ eligible sectors – fintech, agriculture, green economy, education and healthcare sectors, as well as women and youth enterprises, allowing the bank expanding its SME – lending activities in high impact sectors.

The two guarantees, amounting to €28.5 million (R332 million), will help finance hundreds of MSMEs and contribute to Choose Africa, a French initiative specifically for African entrepreneurs, start-ups and MSMEs.

Standard Bank is trying to achieve its goal, and drive the growth of Africa, having a big impact on society; these elements are embedded in their Social, Economic and Environmental (SEE) framework.

Standard Bank’s thinking has been informed by the themes and priority objectives contained in the United Nations Sustainable Development Goals, the African Union’s Agenda 2063, as well as the various national development plans and policies of the African countries. he acts in them. This relationship with Proparco embodies this and allows a further way for Standard Bank to achieve its SEE objective, targeting development sectors, including financial inclusion, health, education and the green economy.

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In 2020, the South African economy has been negatively affected by the COVID-19 pandemic. In this context, the financial support for MSMEs is a key priority. After the economic crisis, Standard Bank decided to support its existing MSME customers, as well as the South African MSME sector. Standard Bank was one of the first banks to proactively offer customer support measures (salary holidays, payment reductions, short-term funding) during Covid, and additional salary support for staff of more than 3500 SMEs.