Photo courtesy of HSBC.

HSBC names Lok Yim as regional head of APAC global private banking

Yim joins from Deutsche Bank, where he was CEO of its Hong Kong business.

HSBC has appointed Lok Yim as regional head of global private banking, Asia Pacific. 

Yim will join HSBC on a designate basis on 1 November, and will commence his new role on 1 January 2024, subject to regulatory approval.

He succeeds Siew Meng Tan, who is retiring after an almost forty-year career in banking. Tan spent two decades at HSBC in senior leadership roles, including the past seven years leading HSBC’s global private banking business in Asia Pacific.

Tan will remain as an advisor to the business until 31 March 2024.

ALSO READ: HSBC raises rates on new Hong Kong mortgages to 4.125%: report

Yim has close to three decades of private banking and capital markets experience and has a successful track record of leading teams to serve the region’s most sophisticated entrepreneurs and ultra-high-net-worth individuals. He joins HSBC from Deutsche Bank where he spent 16 years, most recently as CEO of its Hong Kong business.

Based in Hong Kong, Yim will report to Annabel Spring, CEO, global private banking and wealth, on a functional basis; and Kai Zhang, head of wealth and personal banking, South Asia on an entity basis.

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