HSBC Snags UBS Investment Management Specialist

He will lead HSBC’s investments and wealth solutions team in Asia, which covers global private banking and wealth and personal banking.

HSBC has appointed Stefan Lecher as regional head of investments and wealth solutions (IWS), Asia Pacific, with effect from 3 October 2021, according to an announcement on Thursday. He will be based in Hong Kong, reporting to Lavanya Chari, global head IWS.

Lecher joins from UBS, where he has held a number of senior roles in global wealth management and asset management over the past 17 years, most recently as APAC head CIO for global investment management.

HSBC said the appointment is key to its Asia wealth strategy, which targets becoming a leading wealth manager in the next five years, with $3.5 billion in investment.