HSBC Bank has appointed a new Head of its Retail Banking and Wealth Management business in Singapore.
Earlier this year the London headquartered bank was considered to be one of seven domestic systemically important banks in Singapore which led to structural changes.
Taking up the new role Anurag Mathur will be responsible for driving and executing HSBC’s strategy for the Retail Banking and Wealth Management (RBWM) business in Singapore, the bank said in a statement.
Mathur will report to HSBC Singapore’s Chief Executive Officer, Guy Harvey-Samuel and HSBC’s Head of RBWM of Asia-Pacific, Kevin Martin.
Mathur joined the HSBC Group in Hong Kong in 2009 and has held senior roles for RBWM including product management, strategic planning and business performance management.
Domestic Systemically Important Bank
Most recently, he was the Head of International Markets for RBWM in Asia which involved overseeing the growth strategies and transformation agendas for HSBC in Bangladesh, Brunei, Macau, Mauritius, New Zealand, Philippines, Sri Lanka and Vietnam.
The British banking giant subsidiarised its Retail Banking and Wealth Management business in Singapore (RBWM Business), in Singapore as finews.asia reported earlier.
Several Moves at HSBC Singapore
HSBC in Singapore has seen a slew of changes in its Private Banking business in Singapore this year. Michael Hua who was responsible for HSBC Private Bank's Malaysian, Thailand, Vietnam and Philippines relationship management teams left the bank, as did the Co-Head of the Private Bank, Rob Ioannou.
The appointment of Mathur, subject to local regulatory approval, will be effective from 17 September 2016.
