Stefan Lecher HSBC Regional Head of Investments & Wealth Solutions (IWS) Asia-Pacific
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HSBC Hires UBS Stefan Lecher as Regional Head of Investments & Wealth Solutions APAC

16th July 2021 | Hong Kong

HSBC, one of the world’s largest banking group with more than $2.95 trillion assets, has hired UBS Stefan Lecher as HSBC Regional Head of Investments & Wealth Solutions (IWS) Asia-Pacific to lead the Investments & Wealth Solutions team in Asia for HSBC Private Banking and Wealth and Personal Banking (WPB).  Stefan Lecher joins HSBC after spending 17 years at UBS, where his last role was as UBS Head CIO Global Investment Management APAC and concurrently, Head Investment Platform and Solutions Hong Kong.  Based in Hong Kong, he will commence his new role and career at HSBC on the 3rd of October 2021, and will report to Lavanya Chari, who is HSBC Global Head of Investments and Wealth Solutions.  HSBC is investing $3.5 billion and hiring 5,000 wealth management roles to be the leading wealth manager in the region by 2025.

” HSBC Hires UBS Stefan Lecher as Regional Head of Investments & Wealth Solutions APAC “

 



2021 Data Release
2020 List of Private Banks in Hong Kong
2020 List of Private Banks in Singapore
2020 Top 10 Largest Family Office
2020 Top 10 Largest Multi-Family Offices
2020 Report: Hong Kong Private Banks & Asset Mgmt - $4.49 Trillion
2020 Report: Singapore Asset Mgmt - $3.48 Trillion AUM


Stefan Lecher, New HSBC Regional Head of Investments & Wealth Solutions (IWS) Asia-Pacific

Stefan Lecher HSBC Regional Head Of Investments Wealth Solutions IWS Asia Pacific Wide
Stefan Lecher HSBC Regional Head of Investments & Wealth Solutions (IWS) Asia-Pacific

Stefan Lecher joins HSBC Regional Head of Investments & Wealth Solutions (IWS) Asia-Pacific to lead the Investments & Wealth Solutions team in Asia for HSBC Private Banking and Wealth and Personal Banking (WPB). 

At UBS, Stefan held a number of key product and investment roles within Global Wealth Management and Asset Management over the past 17 years.  He was most recently Head CIO Global Investment Management, Asia Pacific, where he had end-to-end responsibility for discretionary and advisory mandates, funds, alternatives and wealth planning, which included product development, portfolio construction and management, sales and risk management. Stefan also held the role of Head Investment Platform and Solutions, Hong Kong. During his time at UBS Asset Management, Stefan held roles including Global Head Strategist and Head of Global Investment Solutions for Asia Pacific.

 

Lavanya Chari HSBC Global Head Of Investments And Wealth Solutions Headshot
Lavanya Chari HSBC Global Head of Investments and Wealth Solutions
Lavanya Chari, Global Head of Investments & Wealth Solutions, HSBC:

“Stefan’s extensive experience, capabilities and leadership are an excellent match for our intentions to take our investment products and solutions to the next level in Asia and beyond, building on the strong progress of the past several years.

Stefan will play a key leadership role in delivering the full range of wealth products and solutions across the client continuum in Asia leveraging the depth of investment expertise within WPB.”

 

HSBC Private Banking

HSBC London Headquarter
HSBC London Headquarter Riverview

In September 2020, HSBC appointed Annabel Spring as the new Chief Executive of HSBC Global Private Banking, one of the largest international private bank with more than $353 billion Assets under Management (AUM).  Charlie Nunn is the current CEO of HSBC Wealth and Personal Banking.

HSBC Wealth and Personal Banking division was created earlier in 2020, when HSBC combined its retail banking and wealth management, asset management, insurance and private banking business units, to become one of the world’s largest global wealth managers with over $1.4 trillion (Q2 2020).

HSBC Private Banking is part of HSBC Group, one of the world’s largest banking and financial services organisations with $2.95 trillion assets as of 31st March 2021.  HSBC Private Banking seeks to be the leading international private bank for business owners and their families.

Global Private Banking, operate as a distinct business unit and brand, growing client assets in 1st half of 2020 to $353 billion and net new money (inflow) of $5.3 billion.

  • HSBC Private Bank: $353 billion
  • HSBC Retail Wealth: $357 billion
  • HSBC Premier & Jade: $445 billion
  • HSBC Asset Management: $263 billion
  • Total: $1.4 trillion

 

HSBC Growth Plans in Asia

Singapore Financial District 2016 Dec 1
Singapore | Leading financial centre in Asia

In February 2021, HSBC announced its plans to invest over $3.5 billion in the next five years and 5,000 new hires to accelerate the growth of its Wealth and Personal Banking (WPB) business in Asia and drive its ambition to become the leading wealth bank in the region.

Related:

 

HSBC Wealth Business Grows in Asia to $800 Billion, Hires 1000 in 2021

Hong Kong 3
Hong Kong, Asia’s leading financial centre

HSBC wealth business in Asia is also growing fast with almost $800 billion or half of HSBC’s global $1.6 trillion wealth assets is in Asia.  In 2021, HSBC in Asia is also on track to hire over 1,000 client-facing wealth management roles as part of HSBC’s strategy to become the leading wealth manager in Asia by 2025.

In Q1 2021, HSBC set up a new onshore private banking business in Thailand and launched a dedicated Independent Asset Managers’ desk in Singapore to meet the needs of family offices and independent advisors managing wealth on behalf of their clients.  

In May 2021, HSBC launched a new institutional family office service in Hong Kong and Singapore, providing family offices access to HSBC Investment Banking specialists, products and services.

In Mainland China, HSBC expanded their new mobile personal wealth planning service, HSBC Pinnacle, to 4 cities – Guangzhou, Hangzhou, Shanghai and Shenzhen, with 4 new products by HSBC Life China, including a market-first GBA unit-linked fund.

HSBC’s Global Markets also continues to build wealth solutions, increasingly on digital platforms for FX, Equities, Bonds, structured products and private placements for clients in Hong Kong, Mainland China, Malaysia and Singapore.  HSBC Global Markets is also a leading provider of sustainable investments across asset classes, including Asia’s first RMB green certificates of deposit for retail investors in Hong Kong in Q1 2021.

  • Asia contributed $1.2 billion to global profits, representing 2/3 of global WPB profits
  • Wealth revenue grow to $1.5 billion
  • Wealth balances in Asia grew to nearly half half of global $1.6 trillion wealth balances
  • 80% of retail wealth sales in Asia-Pacific are conducted through digital channels
  • HSBC Private Banking in Asia attracted $6.6 billion net new money (NNM)
  • HSBC Asset Management in Asia attracted $3.3 billion net new money (NNM)
  • HSBC Life generated Premium of $676 million

 

HSBC:

Related:

 


HSBC Private Bank Thumbnail Logo

About HSBC

The Hongkong and Shanghai Banking Corporation Limited is the founding member of the HSBC Group. HSBC serves customers worldwide from offices in 64 countries and territories in its geographical regions: Europe, Asia, North America, Latin America, and Middle East and North Africa. With assets of $2,959 billion at 31 March 2021, HSBC is one of the world’s largest banking and financial services organisations.

 

HSBC Private Banking

As part of the HSBC Group, one of the world’s largest banking and financial services organisations, HSBC Private Banking seeks to be the leading international private bank for business owners and their families. It provides clients with wealth, business and family succession solutions in the largest and fastest growing markets around the world. HSBC Private Banking is the marketing name for the private banking business conducted by the principal private banking subsidiaries of the HSBC Group.



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