WeLab Bank Appoints Stanley Cheong as Chief Risk Officer

20 Mar 2024

WeLab Bank announced the appointment of Stanley Cheong as the Chief Risk Officer with immediate effect.Stanley has over 20 years of professional experience in risk management in the banking and financial industry. Prior to joining WeLab Bank, Stanley was the Chief Risk Officer at Cathay United Bank Hong Kong, responsible for credit, market/ liquidity and operational risks in wholesale banking, private banking and treasury credit activities in Hong Kong and other regional markets. Previously, Stanley was the Regional Chief Risk Officer at Maybank HK; he also held risk management and consulting roles in various banks in Hong Kong and Singapore. Stanley holds a master’s degree in financial engineering from the National University of Singapore.---- END ----About WeLab BankWelab Bank Limited (“WeLab Bank” or the “Bank”) is a virtual bank licensed by the Hong Kong Monetary Authority (“HKMA”). Founded by a team of financial and technology experts, WeLab Bank’s mission is to understand customers’ needs and design a personalized, intelligent banking experience that helps them manage, save and grow their money. WeLab Bank represents a 100% digital banking experience that is simple, intuitive, and built around our customers. WeLab Bank focuses on the powerful mobile app and multiple intelligent banking services, all designed with an obsession with customers’ experience and data security.WeLab Bank is a wholly owned subsidiary of WeLab Holdings Limited (“WeLab”), a leading pan-Asian fintech platform. WeLab provides a wide range of digital financial services with leading positions in Hong Kong, Mainland China, and Indonesia, with more than 50 million individual users and over 700 enterprise customers.WeLab is backed by the most renowned investors including Allianz, International Finance Corporation (a member of the World Bank Group), Malaysian sovereign wealth fund Khazanah Nasional Berhad, CK Hutchison’s TOM Group, and Sequoia Capital.To learn more, please visit www.welab.bank and www.welab.co. Follow WeLab Bank on Instagram: welab.bank.