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The Banker Board – June 8, 2023

A weekly look at some of the most recent and influential people moves across the global banking industry. Simon Duffy reports.
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The Banker Board – June 8, 2023Image: Getty Images
Dina Powell McCormick

Dina Powell McCormick, partner, vice-chair and president of global client services – BDT & MSD Partners

Dina Powell McCormick, former head of Goldman Sachs’s sovereign business, has joined international merchant bank BTD & MSD Partners. According to a statement from the firm, she will assume the newly created role of partner, vice-chair and president of global client services, in which she will be tasked with leveraging her diverse experience in both the public and private sectors to enhance the firm’s global client relationships.

BDT & MSD Partners was formed in January through a merger of merchant bank BDT & Company and investment firm MSD Partners. It is backed by technology billionaire Michael Dell and run by former Goldman Sachs bankers Byron Trott and Gregg Lemkau.  

Ms Powell McCormick initially joined Goldman Sachs in 2007 as head of its impact investing business. For the next decade she led on its sustainability efforts, progressing through a variety of roles including as head of its urban investment group, president of the Goldman Sachs Foundation, and president of Goldman Sachs Gives. 

She left Goldman Sachs in 2017 to briefly serve as deputy national security adviser for strategy under former President Donald Trump before rejoining in 2018. Earlier in her career, she served in the US government for more than a dozen years, including as assistant secretary of state for educational and cultural affairs and deputy undersecretary of public affairs and public diplomacy.

Winnie Chen

Winnie Chen, chief executive officer, Singapore – BNY Mellon

BNY Mellon has appointed Winnie Chen as its Singapore chief executive officer. She will assume this role in addition to her responsibilities as Asia-Pacific head of treasury services, the bank confirmed in a press statement. She will be responsible for driving growth priorities in Singapore, while ensuring that the firm’s governance and control structures are aligned with regulatory expectations. 

Ms Chen brings more than two decades of financial services experience gained in the US, China and Singapore, and is expected to bring an international perspective to her newly expanded role. 

Prior to joining BNY Mellon, Ms Chen led financial institutions sales at United Overseas Bank. Before that, she was head of financial institutions sales, north Asia, for ANZ in Hong Kong. She succeeds Francis Braeckevelt, who will focus on his expanded role leading BNY Mellon’s international operations, including Latin America.

Raymond Lim
Shawn Khong

Raymond Lim, head of corporate finance for Asean, and Shawn Khong Hsiu-Mun, country head of Malaysia – Citi Commercial Bank

Citi Commercial Bank has appointed Raymond Lim to the newly created role of head of corporate finance for the Association of Southeast Asian Nations (Asean) region. Mr Lim will be tasked with supporting the region’s fast-growing companies by facilitating their financing needs. He will report to Lin Hsiu-Yi, head of Citi Commercial Bank for Asean and Singapore. 

Mr Lim joined Citi in 2007 as a banker within its mid-corporates business segment. He has since progressed through roles of increasing responsibility, including as head of Citi Commercial Bank Vietnam. 

In addition, Shawn Khong Hsiu-Mun has been named as country head of Citi Commercial Bank Malaysia. Mr Hsiu-Mun was previously country head of Citi Commercial Bank Vietnam, a role he took on in 2019. He initially joined Citi Singapore as a management associate in 2000 before embarking on his first overseas assignment to Hong Kong in 2004.

Commenting on the appointments, Ms Lin said: “Asean is a centre of commercial activity, including in technology and e-commerce, and is home to new and emerging businesses that are expanding at pace. Our recent appointments in Asean underpin the importance of this region to Citi’s commercial banking business and our efforts to deepen our capabilities to serve our clients.”

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