Posted inPeople Moves

HSBC taps Citi for key hire

The global UHNW head will be based in Hong Kong.
Irene HY Chen, HSBC

HSBC has announced the appointment of Irene HY Chen as the global head of ultra high net worth (UHNW) solutions under its investments and wealth solutions (IWS) division for its wealth and personal banking (WPB) business.

Chen will be based in Hong Kong and will join HSBC on 1 August from Citibank where she was most recently head of cross-asset solutions for Asia, responsible for providing structured solutions to HNW and UHNW clients and family offices.

She will report to Karl Faivre, head of IWS EMEA (ex UK) and Switzerland.

In her job at Citibank, Chen led the partnership with global markets, investment banking & corporate banking divisions to offer institutional solutions in structured financing across liquid and illiquid assets, equity cycle solution, direct private investment, capital markets and strategic risk solutions, to clients.

Prior to that, she led the structured products and derivatives business at Barclays Wealth and Investment Management for Asia Pacific, Middle East and Africa and has worked at Credit Suisse and Commerzbank as the team lead for derivatives structuring and marketing.

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