Ex-JP Morgan banker named chairman of Bahrain neobank Singapore Gulf Bank

Edmund Lee was formerly vice chairman of APAC for JP Morgan Chase & Co.

Investment company Whampoa Group has named veteran banker Edmund Lee as chairman of its digital bank, Singapore Gulf Bank (SGB) in Bahrain.

Lee is the founding chairman of Asia Gulf Holdings (AGH), the holding company for Whampoa’s strategic investments in Asia and the Middle East and North African (MENA) regions.

AGH is the parent company of SGB, which is preparing to launch digital banking services after receiving final approval from the Central Bank of Bahrain.

The bank aims to launch its services– which includes round-the-clock settlement, custody of and connectivity to digital assets, and asset management–in early 2024.

ALSO READ: Indonesian banks extended more new loans in December

Previously, Lee has served as vice chairman of Asia Pacific and senior country officer for Singapore for JP Morgan Chase & Co.

Prior to his appointment at JP Morgan, Lee held leadership roles at DBS Vickers Securities, including chairman and chief executive officer.

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