HSBC Private Banking has appointed Cynthia Lee as the regional head of private wealth solutions (PWS) for Asia-Pacific (APAC).
Lee has been working at HSBC since January this year, with responsibility for leading PWS for North Asia.
In the expanded role, she will report to PWS global head Alan Beattie.
Lee’s two-decade-long financial career also includes a stint as the head of wealth advisory for Asia at JP Morgan.
Additionally, HSBC named Steven Weekes as the head of PWS for South East Asia, replacing Michelle Lau.
Weekes, who formerly worked for 23 years at Citi Private Bank, will report to Lee.
At Citi, Weekes latterly was the head of international fiduciary services based in Zurich.
Meanwhile, Lau will now become managing director of ultra-high net worth (UHNW) and family office strategic services for South East Asia.
Other recent leadership changes at HSBC
Earlier this month, HSBC Global Asset Management (HSBC GAM) named Joanna Munro as its new global CIO.
Last month, HSBC Greater China CEO Helen Wong Pik-kuen stepped down. Pik-kuen was not replaced. Instead, her responsibilities were divided among the bank’s Hong Kong, Macau, mainland China, and Taiwan country heads.
At the same time, HSBC GAM recently hired former DWS chief Nicolas Moreau as its new CEO.