The private bank has added two senior managers to its teams in Southeast Asia, following on from other moves in recent weeks.
HSBC Private Bank has appointed former Citi senior manager Chester Wong as head of investor counselling and and David Ng, former head of HL Bank in Singapore, as head of ultra-high net worth investment counselling.
The pair work in the private bank's investment services and product solutions group for Southeast Asia. Both roles are newly-created, designed to reflect the firm's commitment to this area of business, it said.
“Given our adoption of the portfolio-based approach in managing clients’ investments, it is important to strengthen our investment advisory capabilities. With their extensive experience in advising high net worth clients on a wide range of investment products and solutions, Chester and David would enable us to better support our clients, especially given the current volatile macroeconomic climate," said Sandeep Sharma, head of global private banking for Southeast Asia at HSBC Private Bank.
Wong will lead a team of investment counsellors in supporting clients’ wealth management needs in the region, working with relationship managers to provide advice on investment portfolio construction and diversification. His appointment took effect yesterday. He reports to Kenneth Yeo, head of investment services and products group for Southeast Asia.
Ng, meanwhile, is responsible for identifying and supporting clients with high-touch investment accounts that require a more "holistic" approach to investment advisory and solutions, the bank said.
He was most recently head of private banking at HL Bank Singapore and has held senior markets and investments roles in global financial institutions including UBS Wealth Management, Citigroup Private Bank and Banque Indoseuz Singapore, the statement added.
Among other recent moves, HSBC Private Bank has appointed Roger Goetz as regional head of advisory and sales management for Asia-Pacific, joining from Credit Suisse.
Last month, HSBC appointed Anurag Mathur as head of its retail banking and wealth management business in Singapore. He succeeded Matthew Colebrook, who has been appointed to lead HSBC’s RBWM business in the Middle East.