HSBC Private Bank has announced several senior appointments in its South-East Asian wealth management teams.Cynthia Lee has bee appointed regional head of private wealth solutions for Asia-Pacific, and the appointment of Steven Weekes as head of private wealth solutions, South-East Asia, was also confirmed.
Lee takes on an expanded role to cover Asia-Pacific and will report toAlan Beattie, global head of private wealth solutions.
Alan Beattie, global head of private wealth solutions, said: "As we look to strengthen our position in Asia, a region where we continue to see an immense opportunity, Cynthia and Steven's wealth of experience and deep expertise will help us bring the best of PWS to our Asian clients," said . Cynthia has over 20 years of wealth advisory experience, focusing on private clients and families. She joined HSBC as Head of PWS, North Asia, in January 2019. She was formerly at JP Morgan where she was most recently Head of Wealth Advisory for Asia.
As we look to strengthen our position in Asia, a region where we continue to see an immense opportunity, Cynthia and Steven's wealth of experience and deep expertise will help us bring the best of PWS to our Asian clients."
Steven Weekeshas joined HSBC as head of private wealth solutions, South-East Asia from Citi Private Bank, where he worked for 23 years. Most recently, Steven was Head of International Fiduciary Services based in Zurich, Switzerland, leading a global team of professionals with responsibility for International Trust companies in the Bahamas, the Cayman Islands, Jersey, Singapore and Switzerland.
Before this, Weekes was the regional trust head for Asia, responsible for the delivery of wealth planning to private banking clients in Asia Weekes has also held trust, private banking and business advisory roles at Citi and KPMG.
Weekes will be based in Singapore, reporting to Cynthia Lee. He takes over fromMichelle Lau, who has been appointed to managing director, ultra high net worth and family office strategic services, South-East Asia.
The moves come as HSBC looks to expand its private banking business across Asia, with a particular focus on including Private Wealth Solutions, with a particular focus on Greater China and the ASEAN region.