INVESTMENT BANKING | Staff Reporter, Hong Kong

HSBC appoints Michael Paulus as Asia Pacific head of public sector

He will be reporting locally to Andrew Zeissink, Head of Financial Institutions Group for Asia Pacific.

HSBC has appointed Michael Paulus as Head of Public Sector within the Group’s Global Banking unit in the Asia Pacific region, effective 15 August. Paulus joins from Citibank, where he was Head of Public Sector for Asia.

At HSBC, Paulus will lead the integration of the Public Sector Group with the Financial Institutions Group in Asia, focusing on delivering the most appropriate coverage model for individual clients. He will be based in Hong Kong, reporting locally to Andrew Zeissink, Head of Financial Institutions Group for Asia Pacific, and functionally to Jeff Diehl, Global Head of Public Sector.

Paulus spent the last six years building out Citibank's public sector business in the region. After initially training as an economist, he joined the Federal Reserve Bank of New York in 1982 and has held a number of senior positions in his public service career, including running the Federal Reserve's foreign exchange dealing operations and serving in the US Department of Treasury under both the Bill Clinton and George W. Bush administrations, where he advised on the management of US Government debt and financial market operations.

“The Public Sector is an important part of our business. Michael brings a wealth of public and private sector banking experience to HSBC and we are delighted to have him on our team,” said Mr Zeissink. 

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