The private banking arm of HSBC, the London-based and -listed banking giant with roots in Asia, has announced a number of key appointments in its Asia private banking operations.
Siew Meng Tan, pictured, who has been with the bank for 12 years, most recently in its Commercial Banking arm, where she has been regional head of global trade and receivables finance, Asia-Pacific, has been named to succeed Bernard Rennell as regional head of Global Private Banking, Asia-Pacific. The appointment is effective on 1 January, subject to regulatory approval.
Rennell moves on to become senior adviser to the chief executive of the Key Client Coverage operation of the Global Private Banking business. HSBC said this was in response to Rennell’s request to be able to “focus more on the client side”.
In this role he will “have responsibility for developing and managing relationships with key clients across Asia-Pacific and globally”, while continuing to head up the bank’s family governance and family enterprise succession operations globally, HSBC said. It noted that he has been working closely over a number of years with the owners of many of HSBC’s key corporate clients, and that this move would “enable him to increase his focus in this area, to the benefit of both clients and the bank”.
Tan’s previous roles with HSBC, prior to her work with the bank’s Commercial Banking arm, included stints as chief executive of the banks operations in Mauritius and in Thailand.
In a separate announcement, HSBC Private Bank said it has named Johnny Liu managing director and regional head of its Global Solutions Group (GSG), Asia-Pacific, effective immediately.
He succeeds Terence Liang, who is moving to an unspecified senior role in relationship management elsewhere in the bank. Liu will be based in Hong Kong, and comes to HSBC Private Bank from Credit Suisse, where he most recently was head of shareholder coverage and corporate advisory in Greater China.