HSBC hired a private banking technology MD from Singaporean bank DBS
It's a time of great change at HSBC, and not just in its investment banking teams. The British bank has been making some leadership changes at the top of its international wealth management and private banking (IWPB) team, including the recent hire of a technology MD from a Singaporean bank.
Click here to join the bubble by eFinancialCareers, our new anonymous community. ✍️
Boon Khee Lim has joined HSBC in Singapore as head of IWPB technology for Asia and the Middle East. He spent the last 16 and a half years with DBS, nine of which were as an MD across various roles. He most recently was group head of consumer banking technology for DBS, but also previously headed core banking tech, and had a three-year stint in Indonesia as its head of technology and operations.
HSBC's private banking tech team has been building AI platforms over the past year. In September, it introduced Wealth Intelligence, a market analysis and investment advice platform powered by OpenAI's LLMs.
Lim started his career at the US bank and spent a decade there, rising to Vice President. HSBC notably hired another Citi alumnus, Ida Liu, to become its private banking CEO earlier a few weeks ago. The FT reported that Liu left the bank following tensions with Andy Sieg, Citi's head of wealth who had been accused of mistreating senior female colleagues. He and Citi deny this.
Despite HSBC at large showing a clear shift in focus to Asia and the Middle East by closing M&A and ECM teams in Europe and the US, Liu is based in New York. Her predecessor, Gabriel Castello, was based in Switzerland.
Have a confidential story, tip, or comment you’d like to share? Contact: Telegram: @AlexMcMurray, WhatsApp: (+1 269 237 3950). Click here to fill in our anonymous form, or email editortips@efinancialcareers.com.
Bear with us if you leave a comment at the bottom of this article: all our comments are moderated by human beings. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. Eventually it will – unless it’s offensive or libelous (in which case it won’t.)
