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In a recent strategic move, abrdn, the British asset management firm, has appointed Ho-Loon Kong as its new APAC chief risk officer. Kong, who previously held the role of managing director at Credit Suisse in Singapore, brings a wealth of experience to his new position. His career includes a near-five-year tenure at Credit Suisse, where he was responsible for compliance and regulatory relations across Southeast Asia and India, as well as nearly a decade at Bank of America.
The appointment comes amid a notable high turnover rate within Credit Suisse’s Singaporean risk team, which has seen an exodus of talent following the merger with UBS. Kong’s departure is the latest in a series of shifts that highlight a growing trend of former Credit Suisse personnel transitioning to roles in various financial institutions, including investment banks and private credit firms.
Kong’s extensive background in managing compliance and overseeing regulatory relations across the Asia-Pacific region is expected to be a significant asset to abrdn as the company navigates the complexities of the financial landscape in this diverse market. His seasoned expertise, gained from his time at both Credit Suisse and Bank of America, positions him well to lead abrdn’s risk management strategies in the APAC region.
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