HSBC Private Bank Managing Director to Depart

Apr 22, 2020Updated Apr 21, 20201 min read

He announced his departure on LinkedIn on Friday, saying he was «excited» to head to his next destination.

Shang-Wei Chao, HSBC Private Banking’s Singapore and Malaysia market head, will be leaving the firm, he announced in a LinkedIn post, which was confirmed by a spokesperson at the bank.

Chao joined HSBC in 2016, after 12 years at UBS, where he was a client advisor and desk head covering numerous Southeast Asian markets. The bank did not disclose plans for a replacement.

Since joining HSBC Private Banking in 2016, I’ve felt that I was on an express train that didn’t need to stop to refuel, Chao said in the post.

The bank has successfully transitioned to its strategy to get back to growth, and other transformation goals have made amazing headway, he said about his time at the firm.

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Mei Ling Tan

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Mei Ling Tan is the Editor of Retail News Asia, where she leads the editorial team in delivering in-depth coverage of Asia’s dynamic retail landscape. With over a decade of experience in business journalism, Mei Ling is known for her sharp analysis, deep industry insights, and commitment to uncovering the stories behind Asia’s most innovative retail brands. Before joining Retail News Asia, Mei Ling held senior reporting roles at regional business publications, covering everything from consumer trends to digital transformation in retail. A graduate of the National University of Singapore with a degree in Communications and New Media, she combines journalistic integrity with a strong understanding of evolving market forces. Outside the newsroom, Mei Ling is a frequent speaker at industry panels and a mentor for young journalists.

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