HSBC Adds to Equities Business
(21 September 2023 - Global) HSBC has hired eight former Credit Suisse traders and sales personnel to its global equities business, the bank announced in a statement.
Appointments were made in London, New York, Hong Kong, and Mumbai, amongst other locations.
HSBC has also announced the appointment of Lok Yim as regional head of global private banking, Asia Pacific. Yim joins the Bank from Deutsche Bank where he spent 16 years, most recently as CEO of its Hong Kong business.
Yim will join HSBC on a designate basis on 1 November, and will commence his new role on 1 January 2024, subject to regulatory approval.
He succeeds Siew Meng Tan, who is retiring after an almost forty-year career in banking. Tan spent two decades at HSBC in senior leadership roles, including the past seven years leading HSBC’s global private banking business in Asia Pacific.
Tan will remain as an advisor to the business until 31 March 2024.
Yim has close to three decades of private banking and capital markets experience and has a successful track record of leading teams to serve the region’s most sophisticated entrepreneurs and ultra-high-net-worth individuals.
Based in Hong Kong, Yim will report to Annabel Spring, CEO, global private banking and wealth, on a functional basis; and Kai Zhang, head of wealth and personal banking, South Asia on an entity basis.