HSBC continues to bolster its Southeast Asia business with the latest hire of a former Deutsche Bank vice chairman for the region to become its own Southeast Asia vice chairman of global banking.
Philip Lee joins the bank as the new Singapore-based role reporting at the function level to Greg Guyett, group head of global banking, and at the country level to Tony Cripps, CEO, HSBC Singapore, according to a statement from the bank. Lee is also expected to work closely with Stephen Williams, head of global banking for Southeast Asia.
Prior to HSBC and Deutsche Bank, where he worked for five years, Lee spent 18 years with J.P. Morgan as its Southeast Asia investment banking CEO and senior Singapore country officer. Currently, he is also chairman of the Singapore Health Promotion Board and Council Member and Investment Committee Chairman of the Institute of Banking and Finance Singapore (IBF).
HSBC’s inroads into Southeast Asia continue to gain momentum as part of its three-year strategic plan with a series of hires in the past year. In addition to Lee, the bank has appointed Kanakanjan Ray as Southeast Asia head of financial institutions group and Mun Loong Choy as Southeast Asia head of multinationals.
