HSBC Private Bank poached a private banking heavyweight from Credit Suisse. The long-standing private banker will be the British bank's new market head for China and Taiwan.
HSBC appointed Edwin Lim as market head of China and Taiwan, the British bank said in a statement on Monday. In the newly-created role, Lim will officially start in October and report to Ivan Wong, co-head of North Asia at HSBC.
The news comes less than a week after London-based HSBC revealed a massive hiring drive, in which Asia will be the prime beneficiary. HSBC said 70 new colleagues will join this year in Hong Kong, along with 40 in Singapore as part of the push.
Asia Wealth Vet
Lim, a 30-year-veteran of the Asian wealth management industry, joins from Credit Suisse, where he was ran a team of private bankers for China, Hong Kong, and Taiwan as market head. Prior to that, he held senior positions at J.P. Morgan including head of the northeast Asian region as well as stints at DBS and Citi.
«Edwin’s deep experience of the region is an excellent match for our ambitions as we look to support high net worth clients with the full range of solutions from the HSBC Group», Wong said. His job will be to lead the Chinese and Taiwanese markets across all booking centers in Asia, which include onshore China, onshore Taiwan, Hong Kong and Singapore.
