Posted inPeople Moves

HSBC PB hires from UBS for credit advisory role

HSBC Private Bank has poached Desiree Lam to fill the position of Asia-Pacific head of credit advisory.


Lam, who assumed her role yesterday and is based in Hong Kong, will be replacing Albert Lam, who is retiring from the firm in September, a Hong Kong-based spokeswoman for the bank said.

Lam will be responsible for managing the regional Asia credit advisory teams and overseeing the private bank’s overall credit propositions and lending products. She will report to Tan Siew Meng, the private bank’s regional head for Asia-Pacific.

“Financing plays a critical role in a client’s wealth strategy, and we have a broad range of lending services available for clients that allow them to access funds without having to draw on longer-term assets,” Tan said in the statement.

Lam has around 15 years of industry experience. Before joining HSBC Private Bank, she was head of structured credit for North Asia at UBS, according to the statement. 

Lam was part of UBS’ group corporate centre but was serving the wealth management unit, according to a source familiar with the matter.

Before UBS, Lam held multiple senior roles at Goldman Sachs, Deutsche Bank, Moody’s and Standard Chartered, according to the HSBC statement.

Part of the Mark Allen Group.