Stanley Cheong to step down as Chief Risk Officer of WeLab Bank

23 Apr 2024

WeLab Bank announced that Stanley Cheong will step down as Chief Risk Officer with effect on 24 April 2024 due to personal reasons.We thank Stanley for his tremendous contribution to building and providing oversight of the Bank’s risk management function. An announcement regarding his successor will be made in due course.---- END ----About WeLab BankWelab Bank Limited (“WeLab Bank” or the “Bank”) is the most innovative company named by the Chinese University of Hong Kong. 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. It focuses on the powerful mobile app and multiple intelligent banking services, and delivers an innovative banking experience through partnering with reputable brands including Allianz Global Investors, Tesla and Apple Authorized Resellers.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 around 60 million individual users and over 700 enterprise customers. In Hong Kong, one in 4.3 tech-savvy young adults is a WeLab user, reflecting WeLab being the preferred fintech partner in the market.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 and Follow WeLab Bank on Instagram: media enquiry:
WeLab Bank Communications Team
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