March 29, 2012
 

Rabobank appoints new CEO for Singapore, Hong Kong

Marcel van Doremaele has been appointed as chief executive officer of Rabobank Singapore, succeeding Soh Hang Kwang, who has been appointed as chief executive officer of Hong Kong with effect from April 1.

Van Doremaele will manage Rabobank's operations in Singapore and Malaysia, and service food and agribusiness customers in Thailand, Vietnam and the Philippines. As CEO of Hong Kong, Soh will continue to lead the Wholesale Clients International Division in the region.

Van Doremaele began his career at Rabobank in 1996 and was head of relationship management in Rabobank Hong Kong from 2002 to 2007. In 2008, he was head of Treasury Advisory Mid Corporates in Rabobank Netherlands and was subsequently promoted in 2010 to global head of Corporate Treasury Advisory Mid Markets. In these roles, he was responsible for leading Rabobank's treasury sales organisation in the Netherlands and global market for mid-corporates. 

Soh is a seasoned banker with 23 years of experience, including extensive wholesale banking experience in Asia. He joined Rabobank Singapore in 2010 as chief executive officer, expanding Rabobank's wholesale banking clients franchise in Singapore and Southeast Asia. The move to Hong Kong will see him drive cross-border growth and help grow the bank's mergers and acquisitions capability in the region, in partnership with NM Rothschild.

Commenting on both appointments, Jeroen Nijsen, head of Rabobank International Asia, said: "Both appointments are in line to enhance our services we offer to our clients, in particular those who require our services outside their domestic market. Both Hang Kwang and Marcel have great experience in cross border co-operation and are familiar with Rabobank's global network, which will enable them to deliver innovative financing solutions for our customers in Asia."