HSBC today announced the appointment of Philip Lee as vice-chairman, South-East Asia, for its Global Banking franchise.
The newly created role, further reinforces the bank's continued investment in Singapore as a wholesale hub for South-East Asia.
Before joining HSBC, Lee was vice-chairman of SE Asia and chief country officer of Deutsche Bank, Singapore from 2013 to 2018. Prior to that, Lee spent eighteen years with JP Morgan as Chief Executive Officer of Southeast Asia Investment Banking and senior country officer for its Singapore franchise.
Lee is currently Chairman of the Singapore Health Promotion Board and, separately, Council Member and Investment Committee Chairman of the Institute of Banking and Finance Singapore (IBF).
Lee will be based in Singapore and will report functionally to Greg Guyett, group head of global banking, and at a country level to Tony Cripps, Chief Executive Officer, HSBC Singapore. He will work closely with Stephen Williams, head of global banking for Southeast Asia, in growing the franchise across the region and in delivering the bank's advisory and financing products.
Commenting on the appointment, Cripps said: "Singapore is a strategic priority for HSBC globally as a gateway to Southeast Asia. Philip's extensive business advisory experience within Singapore and across the region will be instrumental in us deepening our strategic relationships in Singapore and across our ASEAN wholesale franchise."
The appointment is part of HSBC Singapore's three-year country strategic plan - launched in 2018 - to further build its ASEAN credentials and regional coverage from Singapore. HSBC Singapore has made several key ASEAN appointments in its Global Banking business over the past year, most recently appointing Kanakanjan Ray to Head of Financial Institutions Group, Southeast Asia and Mun Loong Choy to Head of Multinationals, South-East Asia.