Chan Appointed as Head of Global Private Banking, North Asia at HSBC
Company - People | Mar 21, 2025 | HSBC Private Bank Suisse SA
HSBC has announced the appointment of Kanas Chan as the Head of Global Private Banking for North Asia and Hong Kong, effective 14 April 2025. Chan, bringing three decades of wealth management experience, was previously with Deutsche Bank. Her new role at HSBC involves driving strategic growth and enhancing the performance of the private bank across Hong Kong, Taiwan, and offshore mainland China markets. HSBC’s Global Private Banking in Asia has reported record profits for 2024, citing a 21% increase in invested assets to USD 199 billion. Her appointment reflects HSBC's commitment to expanding its influence and capitalizing on the burgeoning wealth management industry in Asia. Chan previously held senior positions at Deutsche Bank, Citi Private Bank, and DBS Private Bank. She will report to Lok Yim and Maggie Ng, aligning with HSBC's mission to become Asia's leading wealth manager.
Sectors
- Wealth Management
- Private Banking
Geography
- Hong Kong – Key geographical focus in North Asia where Kanas Chan will be leading operations for HSBC's private banking.
- Taiwan – One of the markets Kanas Chan will oversee as part of her new role in HSBC.
- China (Offshore) – Includes offshore mainland China markets, which are part of the regions Chan will manage.
Industry
- Wealth Management – The article discusses personnel changes in HSBC's private banking division, which is an integral part of the wealth management industry.
- Private Banking – The focus of the article is on the private banking sector, highlighting HSBC's strategic moves in North Asia's market.
Financials
- USD 199 billion – Refers to the 21% increase in invested assets contributing to HSBC's Global Private Banking profits.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Kanas Chan | Head of Global Private Banking, North Asia and Hong Kong | Person | Appointed to lead strategic growth and performance for HSBC's private banking across key Asian markets. |
| HSBC | Employer | Company | A leading multinational banking and financial services corporation appointing a new head for its private banking sector in North Asia. |
| Deutsche Bank | Previous Employer | Company | Chan's previous employer where she held senior positions in the Wealth Management sector. |
| Lok Yim | Regional Head, Global Private Banking, Asia Pacific | Person | Reporting manager for Kanas Chan at HSBC. |
| Maggie Ng | Head of Wealth and Personal Banking, Hong Kong | Person | Executive at HSBC to whom Kanas Chan will report. |