People Moves

HSBC Expands Roles For Senior Asia Wealth Team

Tom Burroughes Group Editor 25 September 2019

HSBC Expands Roles For Senior Asia Wealth Team

The private bank has expanded the roles of two of its senior figures in the region.

HSBC Private Banking has expanded the role of two senior Asia figures.

Cynthia Lee has been named regional head of private wealth solutions, Asia-Pacific. Separately, Steven Weekes has been named head of private wealth solutions (PWS), Southeast Asia. Weekes will be based in Singapore, reporting to Lee.

The bank said the change to the roles means that PWS’ structure will mirror that of private banking, the largest contributor of referrals for the business. Lee will continue to report to Alan Beattie, global head of PWS.

Lee joined HSBC as head of PWS, North Asia, in January 2019. She was formerly at JP Morgan where she was most recently head of wealth advisory for Asia and has more than 20 years of wealth advisory experience, focusing on private clients and families.

Weekes joins HSBC after 23 years at Citi Private Bank. Most recently, he was head of international fiduciary services based in Zurich, Switzerland, leading a global team of professionals with responsibility for international trust companies in the Bahamas, the Cayman Islands, Jersey, Singapore and Switzerland. Prior to this, Weekes was the regional trust head for Asia, responsible for the delivery of wealth planning to private banking clients in Asia with a strong focus on next generation and wealth transfer planning. Weekes has also held other trust, private banking and business advisory roles at Citi and KPMG in Switzerland and Australia.

Weekes will take over from Michelle Lau, who has been appointed to a new role in HSBC Private Banking as MD, Ultra High Net Worth and Family Office Strategic Services, South East Asia.

Register for WealthBriefingAsia today

Gain access to regular and exclusive research on the global wealth management sector along with the opportunity to attend industry events such as exclusive invites to Breakfast Briefings and Summits in the major wealth management centres and industry leading awards programmes