HSBC Private Banking has announced three senior appointments as it expands its investment services and product solutions (ISPS) team in Singapore.
James Cheo and Rowan Tan have been hired for the newly-created roles of chief market strategist, Southeast Asia and head of global solutions group, Southeast Asia, respectively.
Ishan Sarkar, meanwhile, has joined the private bank as head of structured products for Southeast Asia.
This is Cheo’s second stint at HSBC. He first worked for the bank between 2010 and 2014 as head of investment strategy for Southeast Asia. He subsequently moved to Barclays Wealth and Investment Management and Bank of Singapore.
Cheo has also worked as a senior economist at the Monetary Authority of Singapore in the past.
As chief market strategist at HSBC, Cheo is responsible for shaping the investment strategy and asset allocation for private banking clients in Southeast Asia.
He is also a member of the global investment committee and the Asia regional investment committee. In these roles, he will support the formulation of the bank’s global and regional investment and high conviction themes.
Cheo reports to Kenneth Yeo, head of Southeast Asia, ISPS and Cheuk Wan Fan, chief market strategist, Asia.
Tan, meanwhile, joins HSBC from Deutsche Bank, where he last held the position of director.
With over 10 years of investment banking and corporate finance advisory experience, Tan is responsible for deepening the collaboration between HSBC’s private and corporate banking businesses.
This will involve managing the origination and distribution of corporate finance transactions for private banking clients.
Tan reports to Yeo and Ken Tsang, who is the Asia Pacific head of the global solutions group.
Furthermore, Sarkar joins HSBC from Citi, where he was most recently vice president, structured solutions sales.
At HSBC, he is responsible for delivering equity derivatives, commodities, credits and rates structured products to clients.
Sarkar will report to Yeo and Adam Lau, head of equities and structured products, Asia Pacific.
Last September, HSBC Singapore announced that it will add 400 retail and private banking customer-facing employees over the next five years as part of the bank’s expansion plans in Asia.