Westpac has appointed former HSBC Hong Kong chief executive Anita Fung to its board of directors.
In a statement, the major bank said that Ms Fung had spent nearly two decades of her career at HSBC where she held the role of group general manager of HSBC Holdings for seven years before becoming chief executive officer, Hong Kong, at HSBC from 2011 to 2015.
Before joining HSBC, Ms Fung was at Standard Chartered Bank.
She has had significant experience as a board director, and currently serves as a non-executive director of China Construction Bank, Hong Kong Exchanges and Clearing, Hang Lung Properties, and the Hong Kong Mortgage Corporation.
Ms Fung is also a former chairman of HSBC Global Asset Management (Hong Kong), a former director of HSBC Bank (China), Hang Seng Bank, and Bank of Communications, and a former chairman of the Hong Kong Association of Banks.
Commenting on the appointment, Westpac chairman Lindsay Maxted said Ms Fung was a “highly-respected figure in the Asia-Pacific region”.
“She has extensive experience in wholesale and retail banking and alongside her active promotion of the development of the Asian financial landscape, provides diversity of experience and skills to the board of Australia’s first bank,” he said.
“Her deep and current knowledge of the banking sector will be a valuable asset in executing Westpac’s strategic priorities.”
Ms Fung is expected to begin her role as a Westpac non-executive board director on 1 October, pending regulatory and visa requirements.
She will also become a member of the board risk and compliance committee and a member of Westpac’s Asia advisory board.
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