HSBC announced expansion of its North Asia private banking coverage team in Singapore.
Alfred Low has joined HSBC Singapore as market head, North Asia ex-Hong Kong, and Yi Mun Tse is appointed to the role of market head, Hong Kong, at HSBC Private Bank.
Low will oversee clients from China, Taiwan, Japan and the Philippines who have accounts in Singapore as part of his portfolio. Prior to joining HSBC he was executive director and team leader Greater China at Credit Suisse in Singapore and before that for over five years was director at UBS also in Singapore. He began his wealth management career with Citi Private Bank, Singapore.
In her new role Tse, will oversee Hong Kong client accounts in Singapore. After joining HSBC in 2009, she has held multiple roles including senior director and desk head, North Asia.
Management Change
Both market heads are based in Singapore and will be responsible for new business development and executing HSBC Singapore’s private banking strategy in their respective markets. They report to the head of HSBC Private Banking, South East Asia and Chingyee Yau, co-head of HSBC Private Banking, North Asia, who is based in Hong Kong.
Last month HSBC Private Bank appointed Philip Kunz as head of HSBC Private Banking, South East Asia, he will re-join the Bank later this year. 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.
