People Moves

HSBC Appoints New Head Of Trust And Fiduciary Services In Asia

Amanda Cheesley Deputy Editor 15 September 2022

HSBC Appoints New Head Of Trust And Fiduciary Services In Asia

The latest moves and appointments at HSBC Global Private Banking in Asia.

This week HSBC Global Private Banking appointed Sharnika Silva as head of Trust and Fiduciary Services, Southeast Asia, to help grow the business.

Starting in September, Silva will report to Brent York, global head of TFS, on a functional basis, and to Philip Kunz, head of GPB South Asia, on an entity basis, the firm said in a statement.

Based in Singapore, she will be responsible for driving HSBC Trustee’s strategic initiatives in Southeast Asia, the firm added.

She will work with the firm’s wealth planning team to increase business, and lead HSBC GPB’s trust team in the region to help its Asian clients and their families sustain their family wealth and legacy for future generations.

She has worked at HSBC Trustee for more than 15 years and has held a number of leadership posts, most recently as a Trust Relationship Management team head, in addition to her role as resident manager and director of HSBC Trustee since 2017, the firm said.

Prior to her time at HSBC, her experience has included working as a tax and legal professional.  She has obtained a number of qualifications related to trust and wealth management industries. 

Welcoming the move, York said: “HSBC Trustee has been working with families around the world for over 75 years to build bridges across generations of wealth, and we grow with our clients to meet their evolving needs over time.”

“Her strong leadership, coupled with her deep knowledge and experience in managing complex trust relationships in the Southeast Asia region makes her a natural fit for this role,” he added.

Kunz added: “Southeast Asia’s relative resilience against the vagaries of global markets will continue to bolster demand for inter-generational wealth transfer and legacy planning solutions.”

“Singapore is a key hub for international wealth and businesses and will remain an important growth driver for our trust business in the region.”

As of 30 June 2022, HSBC Trustee’s client assets under administration totalled over $211 billion, providing services from Hong Kong, Singapore, Delaware and New York in the US, and Jersey in the Channel Islands.

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