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| Thursday, 22 September 2011, 12:00 HKT/SGT | |
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Source: Promontory | |
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HONG KONG, Sept 22, 2011 - (ACN Newswire) - Promontory, the leading global financial services consulting firm, announces the appointment of Frederic Lau as Managing Director of Promontory China. Dr. Lau joins a growing team of experienced regulatory advisers providing strategic solutions to financial institutions across the region.
Dr. Lau joins Promontory after a distinguished career in regulation and banking. He was a Board of Trustees member of the Global Association of Risk Professionals and an executive director at Dah Sing Banking Group, where he also served as an alternate Chief Executive for the bank. Dr. Lau was responsible for overseeing the group's risk management function in Hong Kong and Mainland China. Prior to this role, Dr. Lau held a number of senior positions at the Hong Kong Monetary Authority (HKMA), including Head of Banking Policy Division, Chief Representative in New York, and Head of the Banking Supervision Division. Dr. Lau was a senior examiner at the Office of Thrift Supervision, the U.S. Treasury Department before joining the HKMA.
"We are delighted to be welcoming Fred to Promontory's China team. He is exceptionally well positioned to provide pragmatic advice to Promontory clients across Greater China, as well as Chinese financial institutions who are preparing to expand internationally," said Frank N. Newman, non-executive Chairman of Promontory China.
Eugene A. Ludwig, Promontory's Founder and CEO, said, "As a prominent banker and regulator, Fred brings with him extensive experience in risk management, as well as a deep knowledge of the governance and regulatory environment in Hong Kong, China and the U.S."
Ronald Gould, Managing Director and head of Promontory China, said, "Promontory China is committed to provide quality advisory services to the financial institutions in the region with our experienced professionals. We look forward to working with Fred as we continue to build our consultancy practice across the China region."
Based in Hong Kong, Dr. Lau will work closely with Mr. Gould to provide strategic advice to clients on regulation, risk control, compliance, governance, as well as other banking issues.
Contact:
Media Contacts
Asia
Anne Pang
College Hill
+852 3791 2287
anne.pang@collegehill.com
Americas
Debra Cope
+1-202-384-1011
dcope@promontory.com
U.K. and Europe
Alex Brown
Weber Shandwick Worldwide
+44 207 0670732
abrown@webershandwick.com
Topic: Management Change
Source: Promontory
Sectors: Daily Finance, Daily News
https://www.acnnewswire.com
From the Asia Corporate News Network
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