The head of global private banking for Southeast Asia at HSBC Private Bank has vacated the role.
Sandeep Sharma who had been responsible for driving and executing HSBC’s strategy for private banking across Southeast Asia from Singapore has left the bank.
He reported to HSBC Singapore’s chief executive officer, Tony Cripps and regional head of Global Private Banking, Asia-Pacific, Siew Meng Tan. finews.asia reported in April 2016 when HSBC Private Bank announced the appointment of Sharma as head of Global Private Banking, Southeast Asia.
Significant Market
At the time the bank said the new role recognised the significance of the Southeast Asian market segment for the U.K. headquartered banking group. Sharma joined the HSBC Group in 2010 as business head for the Indian Sub-Continent team.
Prior to joining HSBC, he held senior positions at Barclays Wealth Singapore and Societe Generale Private Bank.
Successor Identified
An HSBC spokesperson replied to finews.asia's enquiry saying, «Sandeep has left HSBC to pursue other opportunities. We have identified an experienced successor and will share more details in due course.»
Local banks Bank of Singapore and DBS as well as international firms such as Julius Baer, Credit Suisse and UBS have been adding to their Southeast Asian units recently.
Co-Head Since 2014
Sharma had acted as co-head of HSBC private bank Southeast Asia along with Rob Ioannou since 2014. Ioannou, had been a long serving HSBC private banking career professional with over 13 years of service at the bank. He moved to local bank DBS to head up the firms international unit.
