Singapore Gulf Bank names ex-Fed Reserve vice chair to newly formed global advisory board

Reuters

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Singapore Gulf Bank names ex-Fed Reserve vice chair to newly formed global advisory board

SINGAPORE, May 6 (Reuters) - Singapore Gulf Bank said on Tuesday that it has appointed former U.S. Federal Reserve vice chair Randal Quarles as vice chairman of its newly formed global advisory board to support the digital lender's international growth strategy.

Singapore Gulf Bank said in a statement that the global advisory board will be chaired by Whampoa Group's founder Amy Lee.

Other board members include co-founder of China's largest online travel agency Ctrip Fan Min, founding CEO of Boyu Capital Louis Cheung and Beyon Digital's CEO Shaikh Mohamed Khalifa Al Khalifa, among others.

Backed by Bahrain's sovereign wealth fund Mumtalakat and Singapore-based investment group Whampoa Group, Singapore Gulf Bank is the first fully licensed digital bank in the Middle East North Africa or MENA region, according to the statement.

(Reporting by Yantoultra NguiEditing by Tomasz Janowski)

((Yantoultra.Ngui@thomsonreuters.com;))

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