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“Mr. Benedict Cheng has joined PCCW since January 2019 and is the Group Chief Risk Officer where he takes on the leadership role in overseeing and driving the development as well as the implementation of enterprise risk management framework focusing particularly on the governance and best practices of cybersecurity, data protection, financial crime and export/import trade compliance across all group companies and affiliated subsidiaries. Mr. Cheng is also appointed as Group Data Privacy Officer for PCCW and Compliance Officer, as well as Money Laundering Reporting Officer for HKT Financial Services.
Prior to joining PCCW, Mr. Cheng was actively involved in providing consultancy and advisory services pertaining to fintech in areas such as risk management incorporating learning capabilities, eKYC/digital onboarding and AI based post-transaction surveillance. Mr. Cheng also ran his own management consultant practices where he had helped two startup firms setting up their innovation labs in Hong Kong. Mr. Cheng also contributed several well-known articles on topics including RMB internationalization, managing conduct risk, and best practices in BCBS 239 compliance. Previously, Mr. Cheng had spent more than 26 years of his career predominantly in global investment banks such as UBS, Nomura, Deutsche Bank and HSBC, where he held senior roles in market risk, operational risk, as well as acting as business COO in distressed debt trading and strategic investments covering the Asia Pacific region. Mr. Cheng also took on senior project management roles in various local financial institutions including the securities regulator in Hong Kong. Throughout his banking career, Mr. Cheng successfully led a number of key change management initiatives covering different product and business life cycles in risk process re-engineering and digital risk transformation.