HSBC builds out corporate coverage in Singapore
In the newly created role, Ms. Ng will lead a specialist coverage team to support the increasingly sophisticated domestic and cross border banking needs of Singapore corporates generating approximately US$50m to US$500m. At the inflexion point of their growth journey, these clients typically require complex working capital banking solutions as they accelerate expansion plans, and the ability to tap on both debt and equity markets to raise funding.
The division further deepens HSBC’s Commercial Banking coverage in Singapore which provides banking solutions across the business spectrum, from SMEs to large corporates, and international firms conducting business within and from the Republic.[1]
Ng Li Lian
Ms. Ng brings over 25 years’ experience to the role, most recently as Head of Business Banking leading HSBC’s SME franchise in Singapore, a position which she held since 2013. In addition to supporting international corporate clients within HSBC, prior to this Ms. Ng held senior roles at OCBC Bank’s Enterprise Banking and OCBC Vietnam.
Ms. Ng will report to Regina Lee, Head of Commercial Banking, HSBC Singapore.
Commenting on the appointment, Ms. Lee said:“HSBC’s breadth of propositions and international expertise are a powerful combination for businesses needing banking solutions to aid their expansion and growth. This new division, under Li Lian’s leadership and established market knowledge, will accelerate our ability to support Singapore’s corporates and will further progress our ambition to be the international bank of choice for businesses in Singapore.”
Li Lian Ng, Head of Corporate, Singapore
Strategic growth
With more than 140 years of experience in Singapore serving corporates, HSBC is uniquely positioned with breadth of expertise and global connections to support business’s international growth plans.
Singapore is a strategic growth market for HSBC and the Bank has been progressively investing in its Commercial Banking franchise in recent years, including:
- Launch of Fund to support high-growth tech companies tapping opportunities within ASEAN’s growing digital economy.[2]
- Scaling up of its SME proposition including launch of first multi-currency digital wallet for SMEs.[3]
- Launching a mid-sized Non-Bank Financial Institutions division to provide banking capabilities to the ecosystem underpinning Singapore’s growing status as a wealth and investment hub, including funds, the insurance industry and payment providers.[4]
- Launching HSBC’s ASEAN desk network that includes a China desk and three European desks all located in HSBC’s Singapore hub to support corporations looking to expand into Southeast Asia.[5]
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 Banking for Large Corporates typically supports Singapore businesses generating turnover over US$500m.
[1]See Notes to Editors
[4] https://www.about.hsbc.com.sg/news-and-media/launch-of-non-bank-financial-institutions-coverage
[5] https://www.about.hsbc.com.sg/news-and-media/asean-desk-network