Fashion
HSBC makes three new appointments to oversee the overall investment strategy across the newly merged wealth unit.
The bank appoints Fan Cheuk Wan as Asia chief investment officer (CIO) for private banking and wealth management, according to a statement. In her expanded role, she will oversee investment strategies and themes across all asset classes for the bank’s affluent and super affluent segment, Premier and Jade, respectively, in addition to the private banking segment.
Fan is a wealth industry veteran and joined HSBC’s private banking arm in 2016. She previously worked with Credit Suisse, ABN AMRO, Cazenove, BNP Paribas and Standard Chartered.
In addition, the bank has also appointed Patrick Ho as the North Asia CIO and James Cheo as the Southeast Asia CIO for the unit. This is also an expanded role for Ho and Cheo who previously solely served the private bank.
Ho joined HSBC Private Banking in 2017 and previously worked with Credit Suisse, UBS, Bear Sterns and BNP Paribas. Cheo rejoined in 2019 and previously worked with Barclays.
The wealth and personal banking division was created in early last year by merging retail banking and wealth management, asset management, insurance and private banking to create a unit with $1.5 trillion in assets as of the third quarter of 2020.
