HSBC has appointed Lok Yim as regional head of global private banking for Asia Pacific.
Yim will join HSBC on 1 November and will formally take up the reins on 1 January, subject to sign-off from the regulators.
Yim is a replacement for Siew Meng Tan, who is retiring after 20 years with HSBC including the last seven as head of global private banking in the region. Tan will continue as an adviser until 31 March next year.
Based in Hong Kong, Yim will report to Annabel Spring, chief executive officer for global private banking and wealth, and to Kai Zhang, head of wealth and personal banking for south Asia.
Yim joins HSBC from Deutsche Bank, where he was most recently the Hong Kong chief executive. He also previously worked at Citigroup.
“We have a clear strategy to be the world’s leading wealth manager and global private bank for Asian and international clients and entrepreneurs. Our build-out in Asia – an epicentre of wealth creation and investment opportunity – is key to this ambition,” said Spring.
“Lok’s proven experience in mobilising and leading teams to deliver one-bank solutions for entrepreneurial clients will enable us to accelerate the delivery of our strategy in Asia.”