HSBC has appointed a new head for its ultra-high net worth team on Thursday, demonstrating its renewed focus and investment in this segment in Singapore.
HSBC Private Banking recently on-boarded Chan Eng Chien as head of Ultra-High Net Worth (UHNW) Solutions, Southeast Asia, HSBC Private Banking. He reports to Kenneth Yeo, head of Investment Services and Product Solutions, Southeast Asia, HSBC Private Banking.
«Strategically, the newly created role underpins what UHNW clients come to expect: bespoke and tailored solutions because they understand the financial markets in a different way,» said Yeo.
«That level of sophistication means their transactions tend to be more intricate which requires pulling in different kinds of specialists. With UHNW clients it’s a lot more custom-built so we are transforming how we deliver this proposition», Yeo added.
Prior Experience
Chan joined HSBC from Credit Suisse where he was most recently head of South Asia Sales (Cross Assets Solutions), Southeast Asia and India.
His prior experience includes originating strategic opportunities, private financing and providing bespoke product solutions to investment banking and private banking clients with 21 years of financial markets experience.
