HSBC Snags UBS Investment Management Specialist
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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.
Questions & Answers
Q.When did Stefan Lecher's appointment at HSBC become effective?
When did Stefan Lecher's appointment at HSBC become effective?
Stefan Lecher started his new role as regional head of investments and wealth solutions, Asia Pacific, with effect from 3 October 2021.
Q.What was Stefan Lecher's most recent position before joining HSBC?
What was Stefan Lecher's most recent position before joining HSBC?
Before moving to HSBC, Stefan Lecher was the APAC head CIO for global investment management at UBS. He had been with UBS for 17 years.
Q.What is HSBC's stated ambition for its Asia wealth strategy?
What is HSBC's stated ambition for its Asia wealth strategy?
HSBC aims to become a leading wealth manager in Asia within the next five years. This strategy involves a $3.5 billion investment.