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HSBC Hires UBS Co-Head of Global Family & Institutional Wealth APAC Tommy Leung as Head of Global Private Banking South Asia, Succeeding Philip Kunz & Leaving UBS after 22 Years
3rd August 2023 | Hong Kong
HSBC has hired UBS Co-Head of Global Family & Institutional Wealth APAC Tommy Leung as Head of HSBC Global Private Banking South Asia (19/10/23), succeeding Philip Kunz. Tommy Leung leaves UBS after nearly 22 years, having joined UBS as Director (US Credit Strategist) in United States in 2001 and relocating to UBS London (UK) in 2009 as Managing Director (Head of European Credit Strategy). In 2011, Tommy Leung relocated from London to UBS Singapore, taking on the role of Head of Credit Distribution APAC for UBS Investment Bank. In 2017, Tommy switched from Investment Banking to Wealth Management, taking on the role of UBS Head of Active Advisory. In 2021, Tommy Leung was appointed as UBS Co-Head of Global Family & Institutional Wealth APAC. Tommy Leung graduated from the University of Chicago with a degree in Political Science. Based in Singapore, Tommy Leung will report to Siew Meng Tan (Regional Head of HSBC Global Private Banking, Asia-Pacific), and Kai Zhang (HSBC Head of Wealth & Personal Banking, South Asia). HSBC: “Tommy Leung will lead HSBC Global Private Banking’s South Asia team to support the ambitions of entrepreneurs, ultra-high-net-worth individuals and their families across the region and globally, and drive growth and performance in South Asia markets where HSBC Global Private Banking is accelerating its expansion onshore, offshore and in international wealth corridors.” Head of HSBC Global Private Banking South Asia Philip Kunz has decided to take a career break after 6 years at HSBC.
“ HSBC Hires UBS Co-Head of Global Family & Institutional Wealth APAC Tommy Leung as Head of Global Private Banking South Asia, Succeeding Philip Kunz & Leaving UBS after 22 Years “
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Siew Meng Tan, Regional Head of HSBC Global Private Banking, Asia-Pacific: “Our expansion in South Asia is gaining momentum as we invest in our capabilities and deepen our presence. Tommy’s expertise in delivering solutions for ultra-high-net-worth and entrepreneurial clients and his strong track record of strategic execution make him the ideal person to take the business forward in South Asia.
I thank Philip for his substantial contribution to HSBC Global Private Banking and wish him the very best in his future endeavours.”
HSBC Hires UBS Tommy Leung as Head of Global Private Banking South Asia
HSBC hires UBS Tommy Leung as Head of HSBC Global Private Banking South Asia (19/10/23), succeeding Philip Kunz and leaving UBS after 22 years. Based in Singapore, Tommy Leung will report to Siew Meng Tan (Regional Head of HSBC Global Private Banking, Asia-Pacific), and Kai Zhang (HSBC Head of Wealth & Personal Banking, South Asia).
Tommy Leung will lead HSBC Global Private Banking’s South Asia team to support the ambitions of entrepreneurs, ultra-high-net-worth individuals and their families across the region and globally, and drive growth and performance in South Asia markets where HSBC Global Private Banking is accelerating its expansion onshore, offshore and in international wealth corridors.
Tommy Leung leaves UBS after nearly 22 years, having joined UBS as Director (US Credit Strategist) in United States in 2001 and relocating to UBS London (UK) in 2009 as Managing Director (Head of European Credit Strategy). In 2011, Tommy Leung relocated from London to UBS Singapore, taking on the role of Head of Credit Distribution APAC for UBS Investment Bank. In 2017, Tommy switched from Investment Banking to Wealth Management, taking on the role of UBS Head of Active Advisory. In 2021, Tommy Leung was appointed as UBS Co-Head of Global Family & Institutional Wealth APAC. Tommy Leung graduated from the University of Chicago with a degree in Political Science.
South Asia – Southeast Asia and India
HSBC – South Asia, encompassing Southeast Asia and India, is home to some of the world’s fastest growing economies and an expanding millionaire population that is forecast to reach approximately 20 million individuals by 2035. As part of HSBC’s strategy to be Asia’s leading wealth manager, the Bank continues to invest in its Global Private Banking client and product capabilities in its Singapore wealth hub and expand in key growth markets, launching Global Private Banking in India in July 2023 and Thailand in 2021.
Hongkong & Shanghai Banking Corporation
The Hongkong & 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 $3.041 trillion (30/6/23), HSBC is one of the world’s largest banking and financial services organisations.
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