HSBC Private Banking make Senior Appointments for Investment Services and Product Solutions in Asia Pacific
HSBC Private Banking has announced the appointment of Jeffrey Yap as Head of Investment Services and Product Solutions (ISPS) for Southeast Asia, and Adam Lau as the Regional Head of Markets Solutions, Asia Pacific, a newly created role.
Yap will transition from his current role of Regional Head of Fixed Income, Currencies and Commodity (FICC), Asia Pacific, and will lead the investment services and product solutions team in Southeast Asia for HSBC Private Banking, providing sophisticated financial advisory to high net worth clients in the region, HSBC Private Banking said in a press release.
Yap joined HSBC in 2017 as Regional Head of Fixed Income, Asia Pacific from Pacific Alliance Group (PAG), where he was Managing Director, responsible for the firm’s public fixed income investments. In 2018, he was appointed as Regional Head of FICC, Asia Pacific. Over the past few years in HSBC, he has successfully led a team of specialists in Asia to develop award winning fixed income advisory services in the region.
Lau who was previously Regional Head of Equities and Structured Products, Asia Pacific, will expand his responsibility to oversee equities, structured products, fixed income, currencies and commodities in Asia. Adam has more than 20 years of financial markets experience. He joined HSBC in 2018 from Natixis where he was Head of Greater China for Equity Solutions Sales. Prior to that, Lau worked at Deutsche Bank as Head of Greater China for Private Banking and Retail Sales, and at JPMorgan as a structured products marketer.
Both appointments signal HSBC’s ongoing commitment to developing internal talents to grow into leadership positions to progress their career aspirations, said the firm.
Abdel Ben Tkhayet, Head of Investment Services and Product Solutions Group, Asia Pacific, HSBC Private Banking, said: “Growing the Asia Wealth business is one of the top priorities for HSBC, where we continue to invest in both product and services as well as our people. We truly believe that our people are the foundation of our success, so we have a robust talent development programme in place to help individuals achieve their career goals.”
Philip Kunz, Head of Southeast Asia, HSBC Private Banking, said: “As a leading international wealth centre, Singapore is one of our key wealth markets, where we serve a significant group of international clients from Southeast Asia, Greater China and other parts of the world. Under the leadership of Jeffrey and Adam, I’m confident that HSBC Private Banking will build on our strong momentum and expand and enhance our range of products and services to distinctly meet our clients’ wealth needs.”
In his new role, Yap will report to Philip Kunz, Head of HSBC Private Banking, Southeast Asia and Abdel Ben Tkhayet, Head of Investment Services and Product Solutions, Asia Pacific, HSBC Private Banking. Lau will continue to report to Abdel Ben Tkhayet.