World of Opportunity

Siew Meng Tan, head of HSBC Private Banking for Asia Pacific, discusses why the bank is in a unique position to help forwardthinking families achieve their wealth ambitions

- Nick Ferguson

Around the world, families and businesses are facing complex challenges, from human health crises such as Covid-19 to the existential threat of climate change. At the same time, globalisation, cheap energy and rapid growth have spurred unprecedented wealth creation over the past 50 years, while a new cohort of Asian business leaders is taking over at a time of much uncertainty.

Given this challenging environment, sound advice will be key. Trusted financial partners and advisers are more important than ever in supporting families and businesses in their personal wealth and business ambitions, ensuring a successful transfer of wealth to the next generation and the preservation of wealth for generations to come.

And there are few more trusted advisers in Asia than Siew Meng Tan, head of HSBC Private Banking for Asia Pacific. With a long track record as a corporate banker in Singapore, CEO of HSBC Mauritius and HSBC Thailand, she has made a successful transition into private banking.

ACCOLADES

Since she took over the regional role to lead HSBC Private Banking in 2017, clients have responded positively to the changes she has ushered in, which have resulted in significant growth, driven by an ambitious strategy of leveraging HSBC’s strength in Asia and connecting across the group’s global footprint and commercial banking expertise.

Tan has also been busy expanding the bank’s wealth capabilities, bringing on board teams of investment specialists and product experts, in addition to key hires across estate planning and family office advisory to provide the most comprehensive range of wealth, business and family succession solutions to service the needs of Asia’s elite.