China’s growth will provide regional opportunities in infrastructure, financials and consumer products, said Fan Cheuk-wan, HSBC Private Bank head of investment strategy in Asia.
![China's OBOR to impact in 2018: HSBC PB](https://s34456.pcdn.co/wp-content/uploads/2018/01/FanCheukWanMay2016-640x410-640x360.jpg.optimal.jpg)
China’s growth will provide regional opportunities in infrastructure, financials and consumer products, said Fan Cheuk-wan, HSBC Private Bank head of investment strategy in Asia.
A Hong Kong tribunal has upheld disciplinary action taken against the local branch of HSBC Group’s Swiss private banking business for “material systemic failures” in relation to the sale of structured products, including from Lehman Brothers, in the run up to the global financial crisis.
Philip Kunz will be returning to HSBC as head of global private banking for Southeast Asia. He will assume his role shortly, according to a statement from the firm.
Standard Chartered Private Bank has brought over executives from rivals HSBC Private Bank, Deutsche Bank and BNP Paribas Wealth in order to build Greater China and North Asia coverage.
HSBC Private Bank has poached Desiree Lam to fill the position of Asia-Pacific head of credit advisory.
HSBC Private Banking hired a strategist from Credit Suisse and UBS Wealth Management promoted a global distribution head for alternatives and syndicate.
As the Chinese New Year holidays begin, Standard Chartered quietly announces three senior private banking hires lured over from key competitor HSBC.
Domestic consumption and services companies in China, India and Indonesia are attractive as potential trade barriers loom, said Fan Cheuk-wan, HSBC Private Bank head of investment strategy in Asia.
By opening a private banking office in Sydney, HSBC intends to service Australian high net worth individuals and family offices with investable assets over A$10m ($7.5m).
Siew Meng Tan is to succeed Bernard Rennell as Asia-Pacific head of global private banking starting next year, while Rennell becomes a senior advisor to focus more on the client side.
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