HSBC appoints new Singapore head of SME banking
HSBC Singapore today announced the appointment of Alan Ng as Head of Business Banking, HSBC’s specialist coverage division supporting small and medium-sized enterprises (SMEs).
Mr Ng, a Singaporean, joined HSBC in Singapore in 2008 and has since held coverage and sales roles across the Bank’s trade and commodities divisions. In 2017, Mr Ng became Head of Global Trade and Receivables Finance, HSBC Taiwan, and in 2020 took up his most recent role as Head of Global Trade and Receivables Finance, HSBC Vietnam. Prior to joining HSBC, Mr Ng spent over 10 years at various banks in Singapore.
Mr Ng will report to Regina Lee, Head of Commercial Banking, HSBC Singapore. Mr Ng succeeds Li Lian Ng who was appointed to lead a new coverage division in March 2022 supporting internationally-minded mid-sized businesses in Singapore.
Ms Lee said: “Alan’s many decades of experience both in Singapore and around Southeast Asia will be of great benefit to our SME customers, and will enable HSBC to continue to capture more share of this growing market.”
Since 2018, HSBC Singapore has continued to invest in its Business Banking division to support the increasing number of internationally-minded SMEs in the Republic. Investments have included:
- HSBC Global Wallet – the bank’s first multi-currency digital wallet, enabling SMEs to pay and receive internationally like a local.
- HSBCnet for SMEs – an enhanced and tailored online banking platform.
- SME Green Loan – a first in Singapore, drawing directly on existing green.
- International Business Banking – a dedicated coverage proposition to support inbound referrals.
Media enquiries to:
Lucy Stewart | Lucy.stewart@hsbc.com.sg | +65 9658 3405
Note to Editors
About The Hongkong and Shanghai Banking Corporation Limited
The Hongkong and Shanghai Banking Corporation Limited is the founding member of the HSBC Group. HSBC serves customers worldwide from offices in 64 countries and territories in its geographical regions: Europe, Asia, North America, Latin America, and Middle East and North Africa. With assets of $3.0tn at 31 December 2021, HSBC is one of the largest banking and financial services organisations in the world.
HSBC Singapore Commercial Banking Client Coverage:
- HSBC Business Banking for SMEs classifies clients as those with turnover of approximately US$5-US$50 million.
- HSBC International Subsidiary Banking supports subsidiaries of international parent companies doing business in Singapore.
- HSBC Mid-Market Enterprise Banking supports internationally-minded mid-sized businesses generating approximately US$50m to US$500m.
- HSBC Banking for Large Corporates typically supports Singapore businesses generating turnover over US$500m.