HSBC strengthens wealth solution capabilities with key hires
Jeffrey Yap, a seasoned professional with over 25 years of experience working in global financial markets, was appointed Head of Investments and Wealth Solutions, Southeast Asia
Based in Singapore, Mr Yap will be responsible for bringing world-class, differentiated wealth solutions, platforms and insights to HSBC’s Singapore and Southeast Asia clients across the full continuum – from mass affluent to ultra-high net worth.
A seasoned professional, Mr Yap has over 25 years of experience working in global financial markets. Mr Yap joined HSBC in 2017 as Global Private Banking’s Regional Head of Fixed Income, before taking on the role of Regional Head of Fixed Income, Currency and Commodities. Subsequently, Mr Yap was appointed Head of Investments and Products Group – Singapore in 2020, before assuming the role of Interim Head of IWS SEA in November 2021.
Mr Yap reports to Mr Stefan Lecher, Regional Head of Investments and Wealth Solutions, Asia Pacific, on a functional basis and Mr Anurag Mathur, Head of Wealth and Personal Banking Singapore, on an entity basis.
Mr Stefan Lecher, Regional Head of Investments and Wealth Solutions, Asia Pacific, HSBC said: “Jeffrey’s extensive experience, capabilities and leadership are an excellent match to help take our investment capabilities to the next level. Having undergone an extensive recruitment process, we are pleased that we are able to tap on our own talent pool to form a unified wealth solutions team.”
Mr Anurag Mathur, Head of Wealth and Personal Banking, HSBC Bank (Singapore) said: “Since we embarked on our Asia Wealth strategy, the Singapore wealth business has grown steadily. This was supported by the strategic investments made in our people and new capabilities, as well as our ability to drive synergies across the retail and private banking businesses to drive growth. The appointment of Jeffrey and his key leadership team clearly demonstrates that we now have the right team to deliver the full range of wealth products and solutions across the client continuum in Singapore and the region.”
HSBC has further made six key appointments within the IWS SEA business. They are:
Mr Ishan Sarkar is appointed Head of Capital Markets SEA. Mr Sarkar will be responsible for capital markets products supporting Personal, Premier and Global Private Banking clients. These includes equities, fixed income, structured products, Forex, commodities and money market. Mr Sarkar was previously Head of Structured Product supporting private banking clients in Southeast Asia.
Mr George Lam is appointed Head of Discretionary, Funds and ETFs SEA. Mr Lam will be responsible for the delivery of investment funds, ETFs and discretionary mandates to Personal, Premier and Global Private Banking. Mr Lam was previously Head of Discretionary, Funds and ETFs supporting private banking clients in Southeast Asia.
Ms Mahalakshmi Iyer is appointed Head of Wealth Solutions & Platform SEA. Ms Iyer will be responsible for the delivery of our Wealth Digital & Platform capabilities across Personal, Premier and Global Private Banking. Ms Iyer was previously Team Head at Wealth Products and Journeys, driving key digital wealth solutions for retail banking clients in Singapore.
Ms Fei Fei Goh is appointed Head of Product Development SEA. Ms Goh will be responsible for product development and oversight of all wealth products and investments services across Personal, Premier and Global Private Banking. Ms Goh will also have oversight of the Wealth Lending business in Singapore. Ms Goh was previously Team Head at Wealth Products and Journeys, supporting Financial Planning, Sales Process, Wealth Lending and Product Governance for retail banking clients in Singapore.
Ms Catherine Ng is appointed Head of Investment Suitability SEA. Ms Ng will be responsible for establishing policies, processes and procedures based on HSBC’s Global Suitability Framework to assess client and portfolio risks, and implement local regulatory requirements across Personal, Premier and Global Private Banking. Ms Ng was previously Head of Investment Suitability supporting private banking clients in Southeast Asia.
Ms Louise Lim is appointed Head of Wealth Product Proposition and Commercialisation SEA. Ms Lim will drive the Wealth financial targets and commercialisation efforts. She will also work closely with IWS Product Heads, and the Marketing and Customer Proposition team, to develop wealth product propositions and execute key marketing and products strategy. Ms Lim was previously Team Head at Wealth Products and Journeys, supporting Treasury product needs of retail banking clients in Singapore.
Based in Singapore, all these new appointments will take immediate effect and highlights HSBC’s ability to develop local talent and offer global career opportunities.
Media enquiries to:
Betty Fong | +65 6658 4103 | betty.c.y.fong@hsbc.com.sg
Note to Editors
Investment and Wealth Solutions (IWS) is a newly created unit within Wealth and Personal Banking (WPB) that is responsible for the development and rollout of best-in-class, in-house and third-party wealth products and solutions, securities based lending and market insights for the breadth of WPB clients across Personal, Premier and Global Private Banking. The unit covers discretionary, advisory, alternatives (which includes hedge funds, private equity and real estate), equities, fixed income, structured products, mutual funds & ETFs, securities based lending, trust and investments, and FX.
About HSBC Singapore
HSBC Group’s history in Singapore dates back to 1877 when its founding member, The Hongkong and Shanghai Banking Corporation Limited, opened its first branch on the island. A qualifying full bank, HSBC in Singapore offers a comprehensive range of banking and financial services including retail banking and wealth management; commercial, investment and private banking; insurance; forfaiting and trustee services; securities and capital markets services. One of the earliest banks to establish in Singapore, HSBC today is a prominent player in Singapore’s financial services sector serving the banking needs of multi-national corporations, home-grown businesses, private banking clients, institutional and retail customers. In May 2016, HSBC locally incorporated its retail banking and wealth management business in Singapore and established, HSBC Bank (Singapore) Limited. HSBC Singapore has a retail network of nine dedicated HSBC Premier Centres and two HSBC Jade Centres including an International Wealth Hub as well as many locations across the island providing self-service terminals.
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 US$3,022 billion at 31 March 2022, HSBC is one of the largest banking and financial services organisations in the world.