HSBC strengthens its investment and wealth solutions unit with the hire of two veterans from the private banking industry.
As previously reported by finews.asia, HSBC has hired Wei Mei Tan as its Singapore-based global and Asia head of advisory, investment & wealth solutions (IWS), according to a statement.
Joining Tan is Michael Wong who has been appointed as APAC regional head of ultra-high net worth (UHNW) solution group, IWS.
Both report to APAC regional head of IWS Stefan Lecher while Wong has an additional functional reporting line to global head of UHNW solutions group Patrick Boumalham.
Private Banking Veterans
Tan has more than 20 years of industry experience, most recently with digital wealth advisor Endowus where she was its chief advisory officer. Prior to that, she worked for Deutsche Bank Wealth Management where she was last a managing director and global co-head for advisory and investment solutions. Previously, she also worked for Credit Suisse and UBS.
Wong also has over 20 years of experience, including with UBS where he spent 10 years in its global family office team across various roles in derivatives, capital markets and investment consulting. Previously, he also worked for Merrill Lynch in equity derivatives sales.
«At HSBC, we are committed to providing best-in-class capabilities to serve the whole wealth continuum across wealth and personal banking with actionable insights and solutions,» said Lecher. «Having unified advisory services and unique UHNW propositions is of critical importance to the success of our Asian wealth strategy.»
