HSBC Private Bank Hires UBS Kerri Lim as Head of UHNW Segment for Asia, Credit Suisse Edith Wong as Head of UHNW Segment North Asia & Bank of Montreal Sam Wong as UHNW Segment Development Manager for Asia, Appoints Pritash Mathur as Head of Family Office Coverage for Global India / Global South Asia
9th March 2024 | Hong Kong
HSBC Private Bank has announced the hiring of UBS Kerri Lim as Head of UHNW Segment (ultra high net worth) for Asia (11/3/24), Credit Suisse Edith Wong as Head of UHNW Segment North Asia, Bank of Montreal Sam Wong as UHNW Segment Development Manager for Asia, and appointing Pritash Mathur as Head of Family Office Coverage for Global India / Global South Asia. Announcement: “As part of HSBC’s strategy to significantly grow its Global Private Banking business in Asia and become the leading international wealth manager in the region, the following key appointments will form part of a dedicated team created to serve the Bank’s ultra high net worth (UHNW) clients. Kerri Lim has been appointed Head of Ultra High Net Worth Segment for Asia, effective 11 March 2024. Based in Singapore, she will be responsible for spearheading the UHNW growth strategy in Asia, working alongside the frontline teams to deliver best-in-class bespoke wealth products, platforms and solutions. Kerri will report to Caroline Kitidis, Global Head UHNW Segment, on a functional basis, and Lavanya Chari, Global Head of Investments and Wealth Solutions, on an entity basis. Pritash Mathur has been appointed Head of Family Office Coverage for Global India/ Global South Asia (GSA), based in Singapore. He will oversee the UHNW growth strategy for Global India/GSA and will work closely with Market Heads in India, Asia, MENA and Europe, as well as our collaboration partners, to leverage the full capabilities of HSBC. Pritash will report to Kerri Lim. Furthermore, the bank has strengthened its UHNW coverage in this key region with two appointments in Q4 2023, including Edith Wong as Head of UHNW Segment, North Asia, and Sam Wong as UHNW Segment Development Manager, Asia. Both report to Kerri Lim.” In November 2023, HSBC Private Bank hired UBS & Credit Suisse private banking veteran Gautam Anand as Global Coordinator for Global India, MENA & Europe for South Asia. More info below:
“ HSBC Private Bank Hires UBS Kerri Lim as Head of UHNW Segment for Asia, Credit Suisse Edith Wong as Head of UHNW Segment North Asia & Bank of Montreal Sam Wong as UHNW Segment Development Manager for Asia, Appoints Pritash Mathur as Head of Family Office Coverage for Global India / Global South Asia “
Caroline Kitidis, HSBC Global Head of Ultra High Net Worth Segment: “Our ultra high net worth clients want to partner with experts and advisors who can understand their unique challenges and are capable of fulfilling their ambitions and complex personal and business needs. We expanded our Asia team to allow us to better nurture long lasting and rewarding client relationships in this underserved market.”
Lok Yim, HSBC Regional Head of Global Private Banking, Asia Pacific: “We are beyond a private bank for ultra high net worth clients and family offices. The strong collaboration across diverse lines of business within HSBC Group enables a comprehensive one-stop banking experience, and this team will play a vital role in capturing growth opportunities in the region. Kerri, Pritash, Edith and Sam each offers their deep understanding of client needs, along with strong market acumen and expertise in different aspects of investment, wealth and legacy planning. I am very excited to welcome the team on board.”
HSBC Private Bank Hires UBS Kerri Lim as Head of UHNW Segment for Asia, Credit Suisse Edith Wong as Head of UHNW Segment North Asia & Bank of Montreal Sam Wong as UHNW Segment Development Manager for Asia, Appoints Pritash Mathur as Head of Family Office Coverage for Global India / Global South Asia
1) Kerri Lim brings over 20 years of experience in the financial and banking industry. She joins HSBC from UBS where she was most recently Head of Business Development, Global Family Institutional Wealth, APAC, leading business development efforts for the firm’s global family institutional wealth business in the region. Prior to that, she led the global family office business within global markets for the UBS Investment Bank, APAC. Over her career, Kerri has accumulated diverse experiences across client relationship management, technology and programme management functions with global financial institutions, including Morgan Stanley and Credit Suisse.
2) Pritash Mathur has more than 20 years of experience in private banking. He joins from an extensive tenure at HSBC in Hong Kong and Singapore, where he played a pivotal role in launching the private banking business in India. Prior to HSBC, he worked at Credit Suisse in Singapore, Zurich, and India, where he established the India onshore private bank in 2008.
3) Edith Wong brings over 20 years’ experience in private banking serving UHNW clients. She most recently worked at Credit Suisse where she was Team Leader for the China Market, and prior to this at UBS where she was Regional Head of Client Development & Client Coverage, Global UHNW APAC. She has a successful record in expanding market share and implementing impactful initiatives across Asia Pacific.
4) Sam Wong most recently worked for Bank of Montreal, where she was Head of Strategy and Change Management within Private Banking Asia. She brings close to 15 years’ private banking experience and returns to HSBC having previously worked in GPB across investment service & sales management, product solutions and business management in Hong Kong, Taiwan and London.
About HSBC Global Private Banking
HSBC Global Private Banking helps clients manage, grow and preserve their wealth for generations to come. Its network of global experts helps clients access investment opportunities around the world, plan for the future with wealth and succession planning, manage their portfolio with tailored solutions, and find the right support for their philanthropy.
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 62 countries and territories. With assets of USD3,039 billion at 31 December 2023, HSBC is one of the world’s largest banking and financial services organisations.
HSBC Private Bank Hires UBS & Credit Suisse Private Banking Veteran Gautam Anand as Global Coordinator for Global India, MENA & Europe for South Asia
29th November 2023 – HSBC Private Bank has hired UBS & Credit Suisse private banking veteran Gautam Anand as Global Coordinator for Global India, MENA & Europe for South Asia. Gautam Anand joins from UBS (11 months), and was at Credit Suisse (Head NRI Team / NRI ~ Non-Resident Indian) for more than 9 years. Prior to Credit Suisse, Gautam Anand was with ANZ (Head of Affluent Banking, Head of NRI APAC) and ABN AMRO Bank (Head of Southeast Asia, International Wealth Management). In September 2023, HSBC hired Deutsche Bank Hong Kong CEO Lok Yim as HSBC Regional Head of Global Private Banking APAC (Designate 1/11/23, Official 1/1/24), succeeding Siew Meng Tan who is retiring after 20 years in HSBC (7 years in private banking) and a 40 years career in banking.
HSBC Hires Deutsche Bank Hong Kong CEO Lok Yim as Regional Head of Global Private Banking APAC, Succeeds Siew Meng Tan Who is Retiring after 20 Years in HSBC & 40 Years Career in Banking
14th September 2023 – HSBC has hired Deutsche Bank Hong Kong CEO Lok Yim as HSBC Regional Head of Global Private Banking APAC (Designate 1/11/23, Official 1/1/24), succeeding Siew Meng Tan who is retiring after 20 years in HSBC (7 years in private banking) and a 40 years career in banking. Siew Meng Tan will remain as advisor to HSBC Global Private Banking APAC until 31st March 2024. Lok Yim has around 30 years of private banking & capital markets experience, joining from Deutsche Bank after 16 years (last role CEO Hong Kong), and previously leading Deutsche Bank Wealth Management and International Private Banking franchises in Asia & Emerging Markets. Prior to Deutsche Bank, Lok Yim was with Citigroup for more than 11 years. Lok Yim has a Master of Arts degree from the University of Cambridge. Based in Hong Kong, Yim will report to Annabel Spring, HSBC CEO Global Private Banking and Wealth on a functional basis, and Kai Zhang, HSBC Head of Wealth and Personal Banking, South Asia on an entity basis. HSBC Global Private Banking Asia currently manages around $151 billion in invested assets.
Annabel Spring, CEO of Global Private Banking & Wealth: “We are delighted to welcome Lok to the team. He joins us at an exciting time. We have a clear strategy to be the world’s leading wealth manager and global private bank for Asian and international clients and entrepreneurs. Our build-out in Asia – an epicentre of wealth creation and investment opportunity – is key to this ambition. Lok’s proven experience in mobilising and leading teams to deliver one-bank solutions for entrepreneurial clients will enable us to accelerate the delivery of our strategy in Asia. We would also like to thank Siew Meng for her tremendous contribution. Siew Meng is a role model leader whose positive impact will continue to be felt throughout the organisation. She leaves HSBC Global Private Banking stronger than ever and energised for growth in Asia. We wish Siew Meng the very best in her retirement.”
HSBC Global Private Banking
HSBC Global Private Banking ranks among Asia’s largest private banks with an extensive regional footprint. As at the end of June 2023, HSBC Global Private Banking’s Asia invested assets totalled USD151 billion – an increase of 10% year-on-year driven by robust net new invested inflows including USD13 billion in the first six months of 2023.
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