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Singapore's Whampoa Group hires former JPMorgan Chase regional chief as vice chairman of its Bahrain Digital Bank

On August 28th, Singapore's Huppu Group announced that it has hired Ali Moosa from JPMorgan to help regulate a digital bank in Bahrain, namely Gulf Bank in Singapore, which provides payment and settlement services to cryptocurrency companies. Ali Moosa will serve as the executive vice chairman of Gulf Bank in Singapore. Previously, he worked at JPMorgan for 30 years and was the regional head and vice chairman of JPMorgan's Central and Eastern Europe, Middle East, and Africa business before leaving. Shawn Chan, CEO of Huppu Group, stated in the announcement that more senior appointments for the new bank will be announced in the coming months. It is reported that Huppu Group received approval from Bahrain in May to establish Gulf Bank in Singapore and plans to launch it in December. The bank aims to bridge traditional financial services with digital financial services and promote financial integration between Asia and the Middle East and North Africa.

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