HSBC Reshuffles Commercial Bank Business in Asia
(16 November 2021 – Asia) Amanda Murphy and Frank Fang have been named HSBC’s co-heads of Asia Pacific (APAC) commercial banking business, reporting to global commercial banking chief executive Barry O’Byrne.
Murphy, currently HSBC UK Head of Commercial Banking will be relocating to Singapore, overseeing the local commercial banking franchises in India, Southeast Asia, Australia and international markets.
Hong Kong-based Fang, who currently heads commercial banking for Hong Kong and Macau, will continue to lead the businesses in both markets and support clients as the bank captures opportunities arising from the Greater Bay Area.
Succeeding Murphy’s role as head of commercial banking for HSBC UK is Stuart Tait, subject to regulatory approval, who led the APAC commercial banking franchise since 2016.
“Expanding our Asia Pacific leadership team underscores the importance of the region to our strategy,” said O'Byrne. “It also enhances the coverage of our clients in this key growth region where we are already the leading international wholesale bank.”