HSBC Head of Wealth & Personal Banking Singapore Anurag Mathur Leaves HSBC after 14 Years, Succeeded by Citi Veteran Ashmita Acharya
4th January 2023 | Singapore
HSBC Head of Wealth & Personal Banking Singapore Anurag Mathur has left HSBC after 14 years (31/12/22), succeeded by Citi veteran Ashmita Acharya to lead HSBC Retail Banking, Private Banking, Wealth Management, Insurance & Asset Management (18/1/23). Anurag Mathur, a former management consultant at Boston Consulting Group, joined HSBC just after the 2008 Global Financial Crisis in 2009, and was soon appointed as HSBC Head of Strategic Planning APAC for Personal Financial Services in 2010. In 2014, Anurag Mathur was appointed HSBC Head of International, Retail Banking & Wealth Management APAC and in 2016, was appointed HSBC Head of Wealth & Personal Banking Singapore. In late 2022, HSBC announced Anurag Mathur decision to leave HSBC after 14 years and in November 2022, HSBC announced the hiring of Citi veteran Ashmita Acharya as HSBC Head of Wealth & Personal Banking Singapore to lead HSBC Singapore Retail Banking, Private Banking, Wealth Management, Insurance & Asset Management (18/1/23). More info below.
“ HSBC Head of Wealth & Personal Banking Singapore Anurag Mathur Leaves HSBC after 14 Years, Succeeded by Citi Veteran Ashmita Acharya “
HSBC Hires Citi Ashmita Acharya as Head of Wealth & Personal Banking Singapore, Leads Retail Banking, Private Banking, Wealth Management, Insurance & Asset Management
November 2022 – HSBC has hired Citi veteran Ashmita Acharya as HSBC Head of Wealth & Personal Banking Singapore to lead HSBC Singapore Retail Banking, Private Banking, Wealth Management, Insurance & Asset Management (18/1/23). Ashmita Acharya joins HSBC from Citi after more than 20 years, where she last held the role of Citi Retail Banking Head of Singapore and prior, Citi Head of Retail Segments APAC. Ashmita Acharya will report to Wong Kee Joo (HSBC Singapore CEO) and Greg Hingston (HSBC CEO of Global Insurance & Partnerships, Interim Head of Wealth & Personal Banking, South Asia).
HSBC Singapore CEO, Wong Kee Joo:
“Ashmita’s extensive experience across retail and wealth strategy, client proposition, digital experience and product development will help to propel our Wealth and Personal Banking strategy encompassing mass and emerging affluent and high net worth segments at a time when we have enormous ambitions to leverage Singapore’s position as a global wealth and sustainability hub for our clients in the region. Our ambition is to deliver the full strengths of the Bank through a compelling integrated offering, new digital capabilities and a comprehensive range of solutions that support client needs anywhere in the world at every stage of their wealth journey.”
HSBC New Head of Wealth & Personal Banking Singapore, Ashmita Acharya
Ashmita Acharya – HSBC new Head of Wealth & Personal Banking Singapore to lead HSBC Singapore Retail Banking, Private Banking, Wealth Management, Insurance & Asset Management (18/1/23).
Ashmita Acharya joins HSBC from Citi after more than 20 years, where she last held the role of Citi Retail Banking Head of Singapore and prior, Citi Head of Retail Segments APAC.
HSBC Leading Wealth Manager in Asia by 2025, $6 billion Investment in Asia
HSBC has earmarked $6 billion to invest in Asia over 5 years (2021 to 2025), and aims to be the leading wealth manager in Asia by 2025, with Singapore commercial banking to achieve double-digit growth. In 2022, HSBC has completed strategic acquisitions in including AXA Singapore, LTIM asset management in India, full ownership of China Life Insurance, and increased its stake in HSBC Qianhai Securities to 90%.
HSBC Singapore New HQ Official Opening
Earlier in November 2022, HSBC opened a new headquarter at Marina Bay Financial Centre Tower 2 (MBFC) in Singapore, with the new 140,000 square feet HSBC Singapore headquarter on the top 2 floors of the 50-storey MBFC Tower 2. The HSBC Singapore new headquarter opening is officiated by Singapore Deputy Prime Minister Heng Swee Keat, HSBC Group Chief Executive Noel Quinn and HSBC Singapore CEO Wong Kee Joo.
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 six dedicated HSBC Premier Centres, a HSBC Jade Centre @ Claymore including International Wealth Hub as well as many locations across the island providing self-service terminals.
HSBC Holdings
The Hongkong and Shanghai Banking Corporation Limited is the founding member of the HSBC Group. HSBC serves customers worldwide from offices in 63 countries and territories in its geographical regions: Europe, Asia, North America, Latin America, and Middle East and North Africa. With assets of US$2,992bn at 30 September 2022, HSBC is one of the largest banking and financial services organisations in the world.
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