HSBC has announced three senior appointments in its wealth and personal banking investment unit in Asia, effective immediately: Fan Cheuk Wan as chief investment officer, Asia, private banking and wealth management; Patrick Ho as chief investment officer, North Asia, private banking and wealth management; and James Cheo as chief investment officer, Southeast Asia, private banking and wealth management.
The regional appointments follow the recent designation of Willem Sels as global chief investment officer, private banking and wealth management, based in London.
In her expanded role, Fan is in charge of the chief investment office in Asia, responsible for developing regional investment strategies and themes across all asset classes for private banking, Jade and Premier wealth clients in the region. She is the chair of the Asia regional investment committee and a member of the global investment committee for private banking and wealth management.
Fan joined HSBC Private Banking in 2016 as head of investment strategy for Asia and later assumed the role of chief market strategist, Asia, for private banking. Prior to joining HSBC, Fan spent nine years at Credit Suisse Private Banking in various roles, including chief investment officer for Asia-Pacific, head of equity research and head of research for Asia-Pacific.
Fan also held senior China equity research roles for 11 years, working at ABN AMRO Bank, Cazenove Asia Limited, BNP Peregrine Securities and Standard Chartered Securities Limited.
The wealth and personal banking division was created in early 2020, when HSBC combined retail banking and wealth management, asset management, insurance and private banking to become one of the world’s largest global wealth managers with over US$1.5 trillion in wealth balances as of the third quarter of 2020.