HSBC Nets Southeast Asia Equities Duo from Deutsche Bank

HSBC bolsters its Southeast Asian equities unit in Singapore with two new hires from Deutsche Bank, furthering its Asia expansion amid a major overhaul. HSBC hires Edward Lee as regional head of equity capital markets and Joy Wang as the head of Southeast Asia equities research, according to a report.

Lee had over 20 years of industry experience and was most recently with Deutsche Bank as its co-head of investment banking coverage and head of equity capital markets, Southeast Asia.

Wang was also most recently with Deutsche Bank where she was last its co-head of APAC property equity research in addition to other roles.

Lee and Wang become the third joiners in less than a year from Deutsche Bank to HSBC in Singapore. In September last year, HSBC named ex-Deutsche Bank regional vice chairman Philip Lee as its new Southeast Asia vice-chairman.

Restructuring at both HSBC and Deutsche Bank has led to a flurry of talent movement between the two lenders across business divisions. Just last month, Deutsche Bank hired former HSBC private banker Chow Shang-Wei to become the Southeast Asia head of its wealth arm.

And outside of Asia, HSBC reportedly hired Deutsche Bank’s former co-head of corporate finance for Europe, the Middle East, and Africa Adam Bagshaw as its global co-head of advisory and investment banking coverage.