Bahrain-based Bank ABC (Arab Banking Corporation), the leading international banking group in the MENA region, has recently appointed Mr. Patrick Tan as General Manager of Bank ABC’s Singapore Branch and Head of Asia. In this role, Mr. Tan will have the overall responsibility of leading the Bank’s business in Singapore and East Asia across all wholesale banking, treasury and financial markets products, working closely with other product lines and geography teams in the Bank ABC Group.
Patrick has more than 20 years of regional banking experience at senior levels with international banks. He has covered the Asia Pacific region, with focus on corporate and investment banking with large conglomerates and multinational companies. He has worked as Head of Corporate Banking for Singapore, South East Asia and Asia Pacific in three international banks, acquired broad experience in team management, business development, credit and risk monitoring, portfolio management and debt restructuring.
Bank ABC is present in Singapore since 1982. With the realignment of its business strategy two years ago, it decided to upgrade its current representative office into a full-fledged branch. Earlier this year, the Monetary Authority of Singapore granted Bank ABC an in-principle approval to operate a wholesale bank branch in Singapore. The Branch is planned to be officially launched shortly.
On his appointment, Patrick Tan said, “I am pleased to take up this new role as Head of Asia. Bank ABC has already been active in the region for the last three decades. I look forward to working with the rest of the Group to accelerate the development of the Bank’s business in East Asia.
Dr. Khaled Kawan, Group CEO of Bank ABC, said, “Upgrading our presence in Singapore to a branch reflects our commitment to our customers in the MENA region and in Asia. This new milestone will put us closer to serve our clients and satisfy their financial needs in this very important financial centre.”
Dr. Kawan added, “Asia is a key market to the global connectivity of our businesses and their growth in the region. I am very pleased to have Patrick building on our history in Asia and leading our revised plans going forward. His proven track record and deep understanding of our clients’ needs have prepared him well for this role.”
The Bank ABC Group is a leading international wholesale bank providing innovative wholesale financial products and services that include corporate banking, trade finance, project and structured finance, debt capital markets, syndications, treasury products and Islamic banking. It also provides retail banking services through its network of retail banks in Jordan, Egypt, Tunisia and Algeria.