Appointment of Head of Commercial Banking, Singapore
Regina Lee is appointed Head of Commercial Banking, Singapore
Ms. Lee brings over 20 years of diverse coverage experience spanning corporate and commercial banking, having joined HSBC in 1997. Most recently, she was Managing Director, Corporate Banking at HSBC Hong Kong where, since 2018, she led the coverage team for TMT, Consumer and Retail and Commodities.
Alongside her coverage experience, Ms. Lee brings strong operational and risk management expertise having spent three years as Chief Operating Officer, Commercial Banking at HSBC Hong Kong. Prior roles include managing the Commercial Bank’s operational risk and control division across Asia Pacific, leading business development for HSBC Hong Kong’s Global Trade and Receivables Finance business and the commercial banking business in Macau.
Ms. Lee will report to Tony Cripps, Chief Executive Officer, HSBC Singapore and to Stuart Tait, Regional Head of Commercial Banking, Asia Pacific.
Commenting on the appointment, Mr. Cripps said: “Singapore continues to be a strategic growth market for the Group, offering significant opportunities from its increasing status as an international investment hub and springboard to Southeast Asia. We are delighted to welcome Regina. Her extensive commercial banking experience, strong track record in driving business growth and operational know-how will enable us to further accelerate our strategy.”
Singapore continues to be a strategic growth market for HSBC Commercial Banking, with the Bank focused on supporting internationally oriented SMEs and corporate customers establishing a base in Singapore from which to grow their regional ambitions. Investment has included:
- Digital inroads including the roll out of a tailored online banking platform for SMEs1 and market leading payments solutions under HSBC Omni Collect.2
- Increased coverage including the launch of mid-sized Non-Bank Financial Institutions division3 and HSBC’s ASEAN desk network.4
- Strengthening Southeast Asia wholesale banking capabilities including most recently the appointment of Shaun Sakhrani to Head of Structured Finance, Southeast Asia.
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 13 branches (comprising 10 dedicated HSBC Premier Centres, 2 HSBC Jade Centres and a Premier International Centre) and many locations across the island providing self-service terminals.
3https://www.about.hsbc.com.sg/news-and-media/launch-of-non-bank-financial-institutions-coverage
4https://www.business.hsbc.com.sg/en-sg/international-subsidiary-banking/asean-capabilities