HSBC, which made almost 90% of its profits from Asia last year, has just announced a new batch of 83 managing directors (MDs). While many of them are based in its London headquarters (and elsewhere across the world), several are located in Hong Kong and Singapore.
Who are the people who’ve just made MD at HSBC in the two cities? Our list below (which focuses on MDs who’ve posted their profiles on LinkedIn) provides a sample of some of them.
As you would expect, given that the bank uses Hong Kong as its Asian hub, the list is dominated by Hong Kong-based MDs. More surprisingly (and encouragingly) perhaps, our sample includes several women, and not as many Western expats as you might expect.
Vivian Zhang, head of securitisation, China
Zhang’s remit covers mainland China, but she’s based in Hong Kong, according to her LinkedIn profile. She’s been with the bank since 2006. A conference biography describes Zhang as one of the “most experienced and highly-trusted execution bankers” for Chinese asset-backed securities, who has worked on landmark transactions involving companies such as BMW, Ford and Volkswagen.
Jit-Min Lim, global banking and markets
Hong Kong MDs at HSBC vastly outnumber their MD colleagues in Singapore, but Lim is an exception. He started his career in the public sector, working for Singapore’s Ministry of Trade and Industry and the Ministry of Communications and IT between 1997 and 2000. Lim then became a corporate banker at Citi for five years and joined HSBC in 2005.
Anita So, loan syndication
So has been with HSBC in Hong Kong since June 2010 and is focused on structuring, pricing and placing loan assets, according to her profile. She covers Greater China and was previously with DBS, Global Capital reported at the time of her move. So joined DBS’s syndicated finance team as a Hong Kong-based vice president in 2004 and was previously a principal, syndicated finance, at BA Asia.
Sara Dias-Ireland, head of multinationals, Hong Kong
Dias-Ireland was promoted into her current job, which sits within HSBC’s global banking and markets division in Hong Kong, in September last year while still a director. She covers sectors including consumer, resources and energy, and technology media and telecoms. Dias-Ireland began her career with a stint of more than six years at The Bank of New York before joining HSBC in 2007 as a regional relationship manager for large corporates.
Shirley Leong, regional head of client services, global liquidity and cash management, Asia Pacific
Leong moved to Hong Kong and took on her current job in 2015, having previously been head of global payments and cash management at HSBC in Malaysia. She joined HSBC’s Kuala Lumpur office in 2005 as a team head within commercial banking. Leong is a veteran of the Malaysian finance sector, having worked for Standard Chartered for six years (from 1996) and then UOB for almost three years.
Basak Emirlioglu, COO, global banking, Hong Kong
Emirlioglu has only been in Hong Kong since June last year, but she’s been with HSBC since 2004, having worked in senior roles for the firm in Turkey, latterly as banking and capital financing COO. Emirlioglu began her career in 2000 as a credit analyst at Morgan Stanley in New York and then took a job as a banking sector analyst at Turkish firm Garanti Yatırım in Istanbul.
Christophe Oleron, head of index, Delta One and synth prime trading, Asia Pacific
Oleron joined HSBC in Hong Kong in his current role, which is based within the prime finance trading group, in 2016. He previously spent nine years at JP Morgan, latterly as an executive director and head of developed markets Asia Delta One. Oleron started his trading career in 2005 at Societe Generale in France and moved to Natixis the following year.
Patrick Wong, head of China sales and business development
Wong, who works in HSBC’s security services unit in Hong Kong, is a veteran of the bank, having joined back in 2001. He is responsible for China sales strategy in asset servicing globally, including inbound investment schemes (e.g. Stock Connect and Bond Connect), outbound investment to overseas markets, and onshore investment in China. Prior to HSBC, Wong worked for four years as a senior consultant and project manager at Anderson Consulting.
Michelle Kwok, regional head of real estate research
It’s taken Kwok almost 12 years to reach MD at HSBC – she joined the firm in October 2007. Kwok started her career as a research associate focused on US commercial real estate at Florida-based financial services firm Raymond James.
Kayson Fu, global banking and markets
Fu first joined HSBC in Hong Kong as an analyst in 2004 before leaving for UBS in Beijing two and a half years later. He eventually became an executive director and co-head of China M&A at the Swiss firm, before returning to HSBC (and to Hong Kong) in a director-level M&A role in 2015.
Richard Gallagher, head of equity derivative and equity finance sales, Asia Pacific
Gallagher has been with HSBC in Hong Kong since November 2010. He joined as a VP in equity derivative flow sales and previously held a similar position at Goldman Sachs in Sydney, according to Global Capital.
Glenn Kennedy, chief executive officer and head of trustee and fiduciary services, Asia Pacific
Kennedy moved to HSBC in Hong Kong in 2011 as regional head of the alternatives sector, and was promoted into his current job four years later. He previously spent almost five years as regional head of alternatives, Asia Pacific, at Citi in Hong Kong.
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