HSBC Private Banking has hired Laura Yeo as a product specialist in the funds team based in Singapore, Citywire Asia has learnt.
In this role, Yeo supports the bank’s financial advisory services for high-net-worth (HNW) clients with more than $5 million in investable assets. She reports to George Lam, who is the head of mutual funds and exchange traded funds (ETFs) for Southeast Asia.
Yeo joins from Indosuez Wealth Management, where her last held role was senior funds specialist. She was responsible for the sales and due diligence of all mutual funds for the Singapore business.
She joined Indosuez from Crédit Industriel et Commercial (CIC) last December, after the French private bank acquired the latter’s Singapore and Hong Kong wealth units. Yeo had worked at CIC for six years prior to the acquisition.
In other developments, HSBC has also hired senior relationship managers Mangalam Seksaria and Adam Seward in Singapore.
Seksaria and Seward cover the non-resident Indian (NRI) and Australian markets respectively, and report directly to Sanjay Shah, who is the desk head for international markets, Southeast Asia.
Seksaria joins after eight years at Credit Suisse Private Banking, while Seward previously spent nine years at JP Morgan Private Bank in Singapore and London.
In addition, Karan Sidhu has joined HSBC as an associate director covering NRI clients. He joins from UBS Singapore where he managed Singapore-based HNW clients.
These appointments come soon after the bank announced three senior hires for its Southeast Asia-focused investment services and product solutions team in Singapore.
Tay Li Choo was named head of fixed income in October, while Justin Bramley and Roy Teo were appointed head of investment counsellors and head of FX and commodities, respectively.