Executive moves: Yangzijiang Financial

A market-trading screen with charts. Photo by Wance Paleri on UnsplashA market-trading screen with charts. Photo by Wance Paleri on Unsplash

Yangzijiang Financial Holding (YZJFH) has appointed a veteran of DBS and Standard Chartered as its chief risk officer.

Chiang Kheng Hong, age 54, was appointed chief risk officer, effective Thursday, according to a filing to SGX Tuesday.

“Chiang will oversee the corporate risk management functions of the group, covering the investment management business, the fund and wealth management business, along with cash management and operations in Singapore,” the company said. “The appointment is part of the group’s efforts to strengthen and solidify the management structure.”

Chiang’s previous roles have included interim regional treasury for Standard Chartered Bank’s Hong Kong Hub from June 2021 to May 2022, with a mandate for capital, liquidity and interest rate risk management, the filing said.

He was also the regional head for treasury risk at GCNA from 2014 to June 2021 and head of market and liquidity risk at DBS Bank in Hong Kong from 2012 to 2014, the filing said.

YZJFH was recently spun off from Chinese shipbuilder Yangzijiang Shipbuilding (Holdings) and listed on Singapore Exchange.

YZJFH’s main businesses are investment management, with investments in both public and private companies as funds and deploying funds, and the debt investment business. The company, via the acquisition of GEM Asset Management in April, has also entered the fund and wealth management business to generate recurring fee-based income.

Before its listing on SGX, YZJFH said its key investment themes would be late-stage companies, including pre-initial public offering (IPO) companies, ESG, New Economy, real estate and opportunistic investments, including as IPO anchor investors and special situations.