HSBC Private Banking has appointed Edwin Lim as market head, China and Taiwan. In this newly created position, Lim will lead the business for these two markets across all booking centres in Asia, including onshore China, onshore Taiwan, Hong Kong and Singapore.
The long-standing private banker decision to move follows HSBC announcement of a massive hiring drive, in which Asia will be the prime beneficiary. HSBC said 70 new colleagues will join this year in Hong Kong, along with 40 in Singapore as part of the push, as reported by International Investment.
Lim, a 30-year-veteran of the Asian wealth management industry, joins from Credit Suisse, where he was ran a team of private bankers for China, Hong Kong, and Taiwan as market head. Prior to that, he held senior positions at JP Morgan including head of the northeast Asian region as well as stints at DBS and Citi.
“Greater China continues to be one of the most important growth areas for our private banking business,” says Ivan Wong, co-head of North Asia, HSBC Private Banking, in a statement.
“Edwin’s deep experience of the region is an excellent match for our ambitions as we look to support High Net Worth clients with the full range of solutions from the HSBC Group. We will continue to invest in the best people and in delivering the best proposition for our clients, in order to capture this significant wealth opportunity.”
Lim will be based in Hong Kong, reporting to Ivan Wong, co-head of North Asia, HSBC Private Banking. He will join in October 2018.