HSBC lures new head of private banking for North Asia

HSBC has named Kanas Chan as head of global private banking, North Asia and Hong Kong.

She will start in her new role in mid-April with a mandate to drive strategic growth priorities and performance for the private bank across Hong Kong, Taiwan and offshore mainland China markets.

Under Chan’s leadership, HSBC wants to build on its record profits for full year 2024, marked by double-digit, year-on-year revenue growth in every quarter, supported by a 21% increase in invested assets, to $199 billion.

Chan, who has three decades of experience in wealth management, is joining HBSC from Deutsche Bank. She will then report to Lok Yim, regional head, global private banking, Asia Pacific, and Maggie Ng, head of wealth and personal banking, Hong Kong.

“The wealth management industry in Hong Kong is brimming with opportunities as wealth in the region is expected to continue on a rapid growth trajectory,” explained Yim.

Ng added that Chan’s track record will help enhance the impact of HSBC’s global network and expertise, supporting clients in growing and preserving their financial legacies for future generations.