Mon, Sep 16, 2019 – 7:08 PM
HSBC on Monday announced the appointment of banking veteran Philip Lee as vice-chairman, South-east Asia, for its global banking franchise.
Prior to joining HSBC, Mr Lee was vice-chairman of South-east Asia and chief country officer of Deutsche Bank, Singapore, from 2013 to 2018. Prior to that, Mr Lee spent 18 years with JPMorgan as CEO of its South-east Asia investment banking operations. He was also the senior country officer for JPMorgan's Singapore franchise.
"The newly-created role further reinforces the bank's continued investment in Singapore as a wholesale hub for South-east Asia," HSBC said in a statement.
Mr Lee is expected to start in mid-September. He will be based in Singapore and will report functionally to Greg Guyett, group head of global banking, and at a country level to Tony Cripps, CEO of HSBC Singapore.
Mr Lee will also work closely with Stephen Williams, head of global banking for South-east Asia, in growing the franchise across the region and in delivering the bank's advisory and financing products, HSBC said.
Commenting on the appointment, Mr Cripps said: "Singapore is a strategic priority for HSBC globally as a gateway to South-east Asia. Philip's extensive business advisory experience within Singapore and across the region will be instrumental in us deepening our strategic relationships in Singapore and across our Asean wholesale franchise."