HSBC has appointed Lok Yim as regional head of global private banking, Asia-Pacific. He joins the bank on a designate basis on November 1 and formally starts on January 1 2024, subject to regulatory approval.
Yim succeeds Siew Meng Tan, who is retiring after a banking career of almost 40 years.
Tan has spent two decades at HSBC in senior leadership roles, including the past seven years leading the bank’s global private banking business in Asia-Pacific.
Under his leadership, the business has strengthened its foothold in the region by expanding in key growth markets including mainland China, India, Taiwan and Thailand, continuously investing in client services and solutions capabilities in its Hong Kong and Singapore booking centres, deepening its bench strength, and building an industry-leading digital ecosystem for clients.
Tan will remain as an adviser to the business until March 31 2024.
Yim has close to 30 years of experience in private banking and capital markets. He joins HSBC from Deutsche Bank where he spent 16 years, most recently as chief executive officer, Hong Kong SAR, having previously spearheaded the bank’s wealth management and international private banking franchises in Asia and emerging markets.
Yim has a master of arts degree from the University of Cambridge. He also held senior roles at Citigroup.
Based in Hong Kong, Yim will report to Annabel Spring, chief executive officer, global private banking and wealth, and Kai Zhang, head of wealth and personal banking, South Asia.