The private bank has announced a strategic realignment to bring its two separate booking centres in North and South Asia into one regional focus. The moves will bring Bernard Rennell, current CEO of the global private bank North Asia, to become regional head of global private banking Asia Pacific with immediate effect.

Rennell will be based out of Hong Kong and will report to Peter Boyles, CEO of global private banking (GPB), and Peter Wong, chief executive, HCBC.

A HSBC spokesperson commented: "These changes are driven by the strategic importance of Asia as a priority growth region for GPB and HSBC. The region is a dynamic geography for wealth creation and HSBC is ideally placed to capture this business, in close collaboration with colleagues in all the global businesses".

Further moves from this strategic uphaul bring Rob Ioannou and Sandeep Sharma to become co-heads for GPB Southeast Asia, and will report to Rennell as well as Guy Harvey-Samuel, group general manager and CEO of HSBC Singapore.

Amit Gupta, currently CEO of GPB South Asia, has decided to take a sabbatical from HSBC for personal reasons.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.