You want to work for HSBC in Hong Kong or Singapore, a bank that made almost 90% its profits from the Asia Pacific region last year.
Who might you want to apply to? Here’s a selection of senior managers in Hong Kong and Singapore who currently run some of the bank’s more expansionist departments.
ECM in Southeast Asia is one of HSBC’s strengths as an investment bank – it ranked fifth in the region and second in Singapore for ECM volume in 2017, up six and three places respectively over the previous year, according to Dealogic. Vokes joined HSBC in 2004 and worked in corporate finance advisory in Paris, according to his public profile. He transfered to Hong Kong in 2008 and became an ECM director, before moving to Singapore in 2015 to take up his current job.
FIG was the top industry for Asia Pacific investment banking revenue in 2017 and Zeng is one of the sector’s leading regional bankers. She joined HSBC four years ago and is responsible for Chinese financial clients across ECM, DCM, M&A and leveraged financing. After starting her career at Deloitte in San Francisco in 1999, Zeng relocated to Hong Kong with J.P. Morgan in 2004. She then worked for Morgan Stanley from 2008 to 2013, reaching executive director rank.
HSBC continues to benefit from the ongoing internationalisation of the Chinese currency. It ranked first in Bloomberg’s offshore RMB bond underwriting league table for 2017, with a 28% market share, and first in Asiamoney’s Offshore RMB Poll in the same year. Hong Kong-based Cheung has been at the heart of the bank’s RMB business since she joined in 2013 from BNY Mellon. This is her second stint at HSBC, having worked in the global payments and cash management team from 2001 to 2008.
Although global revenues in private banking fell 3% in 2017, Hong Kong was a bright spot, “due to growth in investment revenue reflecting increased client activity, and higher deposit income from wider spreads”, according to HSBC’s 2017 financial results. Yau joined HSBC in 2004, having worked for Citigroup Private Bank, where she co-led its Hong Kong operations. She’s recently been expanding her team, including appointing Yi Mun Tse as market head for Hong Kong.
Asia helped HSBC’s 2017 revenues in wealth management (which looks after people not rich enough to be private-banking clients) rise by 18% year on year. Hong Kong-based Lima is the man leading this expansion. He began his career as a consultant at McKinsey & Co in 1997 and didn’t enter the banking sector until 13 years later when he joined HSBC as group head of strategy. Lima has held five jobs at HSBC since then, including head of wealth management for Asia Pacific, and he took on his current role in July last year, according to his online profile.
Hughan’s job puts him at the centre of HSBC’s main area of expansion in Asia: China’s Pearl River Delta. HSBC announced in 2015 that it would hire 4,000 staff and invest billions in the PRD, and last year customer loans in the region rose by 23%. Hughan is an HSBC lifer, having joined the bank in 1998 in Saudi Arabia and having since work in New York, Tokyo and Moscow. He was deputy global head of corporate banking from 2010 to 2013. Alongside his PRD role, Hughan runs commercial banking for Sri Lanka and corporate banking for Turkey.
A lynchpin of HSBC’s huge operations team across Asia, Edmonston is also the COO of HSBC global banking and markets in the region and has been in her job for 18 months. The back-office veteran ran fixed income operations at RBS global banking and markets from 2002 to 2006, before becoming head of Asia Pacific operations in the same department.
As we reported in August, van den Ban’s team is hiring more technologists, product managers, developers and content producers as HSBC expands its digital-banking operations in Hong Kong. The firm’s 2017 earnings report reaffirms this “significant investment in digital transformation”. Van den Ban joined HSBC in February 2017 after a 15-year career at ING and TMB Bank in the Netherlands, Germany and Thailand.
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