Philip Kunz returns to HSBC as head of global private banking for Southeast Asia

Published on 27 September 2017
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Philip Kunz returns to HSBC as head of global private banking for Southeast Asia

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HSBC announced the return of Philip Kunz as Head of Global Private Banking, South East Asia.

In this role, Mr Kunz will be responsible for driving and executing HSBC’s strategy for private banking across South East Asia. Based in Singapore, one of the world’s largest hubs of wealth, he will report locally to HSBC Singapore’s Chief Executive Officer, Tony Cripps and functionally to Regional Head of Global Private Banking, Asia-Pacific, Tan Siew Meng. He will assume the role shortly.

With more than 35 years’ of experience, including the last 20 years in Asia, he brings extensive expertise in the private banking industry, including formerly with HSBC leading the South Asia team. Philip joins the bank from UBS where he held a number of senior wealth management and private banking roles, including overseeing client management teams and most recently as Wealth Management COO for the Singapore office.

Ms Tan said: “HSBC’s universal banking model and global network means we are very well placed to meet our clients’ business and private wealth needs, and I am delighted to welcome Philip back to HSBC to lead the private banking business and serve our clients in South East Asia.”

In talking about the importance of private banking for HSBC Singapore, Mr Cripps added: “As the regional wealth hub for ASEAN and a leading booking centre internationally for High Net Worth Individuals (HNWI), Singapore is a strategically important beachhead for wealth in the region.”

“With access to one of the world’s largest commercial banking client bases, our strategy is to support our existing customers as they expand and grow their companies internationally and pass-on wealth to the next generation. With Philip’s deep knowledge of client needs in ASEAN, I look forward to working with him to continue growing our business and deepening client relationships across the region.”

Re-disseminated by The Asian Banker