UOB names new head of global group markets and new Hong Kong CEO

Kelvin Ng and Adaline Zheng bring over two decades of experience to their new roles.

UOB has appointed a new head of group global markets and a new CEO for its Hong Kong branch.

Effective 1 April, Kelvin Ng will take over as head of Group Global Markets. Ng replaces Leslie Foo, who is retiring.

Meanwhile, Adaline Zheng has been appointed as the new CEO of UOB Hong Kong, with effect from 25 March.

As the new head of Group Global Markets, Ng will be responsible for treasury solutions and financial products across multiple asset classes to help UOB’s clients meet their investment, liability and risk management needs. He will also be responsible for managing UOB’s funding and liquidity in accordance with regulatory requirements. 

Ng has over two decades of market experience. He first joined UOB in June 2019 as group head of trading. Since March 2022, Ng has also been deputy head of group global markets. 

Meanwhile, as the new CEO of UOB Hong Kong, Zheng will be responsible for overseeing UOB’s businesses and operations in Hong Kong SAR. She brings over two decades of experience in the banking sector, starting out as a management trainee in a multinational bank in China. 

Zheng joined UOB in 2018 as head of Wholesale Banking in UOB China and later served concurrently as its alternate CEO. 

Zheng succeeds Christine Ip, who has been CEO of UOB Hong Kong Branch since 2012. Zheng will report to Ip, who remains as UOB’s CEO of Greater China, a role she has held since 2016. 

Ip is concurrently UOB’s head of Group Strategic Communications and Brand in Singapore.