HSBC Private Bank Launches Family Trust Advisory Service in China for HNW & UHNW Clients in 6 Cities Beijing, Shanghai, Guangzhou, Shenzhen Chengdu & Hangzhou, Partnering with 3rd-Party Services in Trust, Legal & Tax
20th April 2023 | Hong Kong
HSBC Private Bank has launched a new family trust advisory service in China for HNW & UHNW (High net worth / Ultra high net worth) clients in 6 cities in Beijing, Shanghai, Guangzhou, Shenzhen Chengdu & Hangzhou, partnering with 3rd-party services in trust, legal & tax. HSBC will assist clients in the coordination of trust matters, and provide advice on investments and management of the trust assets. The new HSBC Private Banking family trust service forms part of the legacy planning services in China. Earlier in March 2023, HSBC Private Bank hired UBS & Credit Suisse veteran Henry Lam as HSBC Global Private Banking Regional Head of Wealth Planning & Advising APAC, leading HSBC Wealth Planners, Family Governance, Family Office Advisory & Charitable Advisory Specialists in Asia-Pacific (effective 28/3/23). More info below.
“ HSBC Private Bank Launches Family Trust Advisory Service in China for HNW & UHNW Clients in 6 Cities Beijing, Shanghai, Guangzhou, Shenzhen Chengdu & Hangzhou, Partnering with 3rd-Party Services in Trust, Legal & Tax “
HSBC Private Bank Hires UBS & Credit Suisse Veteran Henry Lam as Regional Head of Wealth Planning & Advising APAC, To Lead Wealth Planners, Family Governance, Family Office Advisory & Charitable Advisory Specialists
25th March 2023 – HSBC Private Bank has hired UBS & Credit Suisse veteran Henry Lam as HSBC Global Private Banking Regional Head of Wealth Planning & Advising APAC, leading HSBC Wealth Planners, Family Governance, Family Office Advisory & Charitable Advisory Specialists in Asia-Pacific (effective 28/3/23). Henry Lam joins from Credit Suisse after 6 years and last held the role of Head of Wealth Solutions APAC, and prior was with UBS for 21 years and was the Head of Wealth Planning Hong Kong. HSBC: “Henry Lam will also be a key contributor to the bank’s trust advising services, drawing on HSBC Trustee’s 75-year legacy of working with families all throughout the world, notably in Asia. In the interim, he will assist drive the agenda for Asia’s ultra-high net worth company … … A thorough internal and external search procedure led to Lam’s employment.” Based in Hong Kong, Henry Lam will report to Siew Meng Tan, who is the Regional Head of HSBC Global Private Banking APAC.
Siew Meng Tan, Regional Head of HSBC Global Private Banking, Asia-Pacific: “Henry’s significant experience in wealth planning and advisory coupled with his deep understanding of international markets will be a strong asset for HSBC Global Private Banking, where our focus is on providing bespoke solutions to help clients and their families achieve intergenerational wealth transfer and preservation goals.”
About HSBC Global 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.
The Hongkong and Shanghai Banking Corporation Limited
The Hongkong and Shanghai Banking Corporation Limited is the founding member of the HSBC Group. HSBC serves customers worldwide from offices in 63 countries and territories in its geographical regions: Europe, Asia, North America, Latin America, and Middle East and North Africa. With assets of US$2.992 trillion at 30 September 2022, HSBC is one of the largest banking and financial services organisations in the world.
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