The Board of Directors of EFG International and EFG Bank has appointed Amy Yip as the new chair of the Asia Pacific Advisory Board, effective immediately.
Yip succeeds Fong Seng Tee, who announced his decision to step down as chair at the bank's 2019 Annual General Meeting. In her new role, Amy Yip will work closely with the Board of Directors and the Asia Pacific Executive Chairman, Albert Chiu, and his regional management team to help drive and oversee the expansion of EFG's business in Asia Pacific.
With her extensive experience in the Asian private banking sector, Yip will make a significant contribution towards further strengthening the bank's strategy and development, with a focus on this key region.
She has a deep understanding of the Asian private banking industry, having worked for more than 40 years in various leadership and managerial roles for global players in the region. She has held a number of Board and advisory roles during her distinguished career. She is currently a member of the Board of Directors of Fidelity International, Deutsche Boerse, Temenos and American International Group.
Since 2011, Yip has also been a founding partner of RAYS Capital Partners, an investment management company specialising in Asian capital markets. She previously worked at DBS Bank in Hong Kong, where she served as chief executive officer from 2006 to 2010. Before joining DBS Bank, she held various senior roles within the Hong Kong Monetary Authority between 1996 and 2006. Since starting her career in 1975 at American Express in Hong Kong, Amy Yip has worked for a number of leading global financial institutions such as J.P. Morgan, Citibank and Rothschild Asset Management.