Though not a tech specialist, Lam brings deep financial acumen to his role a year ago, helping drive the firm’s ambitions in Asia’s fast-evolving private markets.
The US firm aims to strengthen its foothold in Greater China’s competitive wealth market, leveraging its global expertise in real estate, infrastructure, private credit, and distressed assets.
The latest move widens individual clients’ access to a customised portfolio of top-tier private asset funds that, till now, has been largely available to only institutional investors.
As compliance costs balloon and digital platforms disrupt traditional channels, private banks face a brutal calculus: Do EAMs deliver enough net new money to justify the risks?
HSBC Global Private Banking has bolstered its leadership team across Southeast Asia, Australia, and international markets with a series of senior hires.