The market head has been at the bank since 2016, and previously worked at UBS. He is based in Singapore.

The Singapore and Malaysia market head of HSBC Private Banking, Shang-Wei Chow, has left the bank after having joined in November 2016.

The bank declined to comment on the specific details of Chow’s departure. 

Chow had been in charge of developing new business within his area. Before he joined Hong Kong/London-listed HSBC, Chow worked for UBS Wealth Management for more than a decade and was based in Singapore.

There have been a number of moves at HSBC’s private banking arm in recent weeks in the wake of restructuring across the group. For examples, see here and here.

Earlier this year the bank appointed one of its own senior figures, Greg Hingston, to be the Asia-Pacific region head of the newly-formed wealth and personal banking segment created in the lender’s organisation overhaul. HSBC merged its retail banking, wealth management and global private banking arms to form a $1.4 trillion business. WPB covers private wealth from retail clients to ultra-high net worth individuals.