HSBC appoints Hong Kong business head for global private bank
HSBC Private Bank has appointed Teddy Kwong as business head, Hong Kong, global private banking. In his new role, Kwong (pictured) will assume responsibility for HSBC’s private banking client coverage in the Hong Kong market.
His focus will be on client service and the cross selling opportunities within HSBC’s Commercial Banking client base.
With over 25 years at HSBC, his experience at a senior level working strategically with corporates in the region will help deliver some of the imperatives for Global Private Banking, one of the four global business lines of the HSBC Group.
Bernard Rennell, North Asia chief executive for global private banking and global head of private wealth solutions, says: “HSBC Private Bank continues to be a recognised market leader and we have achieved this success through looking to continually develop and having strong leadership in place. Bringing someone of Teddy’s calibre in not only further strengthens our management team but also develops the connections that we are forging between corporate customers and their private businesses.”
Kwong has been with HSBC for his entire 25-year career, the majority of which has been in commercial banking working closely with families on the corporate side. Besides his wealth of experience as a frontline banker, Kwong has also worked in strategy and proposition development, demonstrating his strong strategic leadership over the years. Most recently as chief executive of Macau, he led the business there through many changes and supported its business growth.
Kwong will be based in Hong Kong and will report directly to Bernard Rennell.
- Special Reports