HSBC's private banking arm appointed a seasoned fixed income specialist for an Asia wide role.
Jeffrey Yap has joined HSBC Private Banking as head of Fixed Income for Asia, based in Hong Kong. In the new role Yap will focus on developing the fixed income business through coverage of high-net worth and ultra high-net worth clients in the region. A spokesperson at HSBC Private Bank confirmed the move to finews.asia.
Prior to taking up the new position Yap was managing director at independent investment manager Pacific Alliance Group (PAG) and was also previously head of Asian Fixed Income Trading at Mizuho Securities in Hong Kong.
Yap is also a visiting lecturer at Taiwan Academy of Banking and Finance where he conducts lectures and workshops on Renminbi (RMB) Derivatives and Advance RMB Derivatives.
Flurry of Hiring
Last month HSBC announced Philip Kunz as head of global private banking in South East Asia. Kunz recently departed UBS' Singapore unit where he held a number of senior management jobs, including overseeing client management teams and COO of wealth management in Singapore.
At HSBC Private Bank in Singapore, Kunz will be responsible for the implementation of HSBC’s strategy for private banking across South East Asia. He will report to HSBC Singapore CEO Tony Cripps and Tan Siew Meng, regional head of private banking.
In July this year Patrick Ho joined the bank as Asia Investment Strategist where he supports the development of regional investment strategies and top themes as well as product fulfilment strategies across all asset classes for private banking clients in Asia.
