Published by Hubbis – 9th Jan 2019
Cynthia Lee is the new Head of Private Wealth Solutions (PWS), North Asia, and Brent York is the Global Chief Operating Officer, PWS.
Lee joins HSBC from JP Morgan, where she was most recently Head of Wealth Advisory for Asia. She has over 20 years of wealth advisory and trustee experience, with a focus on private clients and families. Prior to her time at JP Morgan, Lee practiced as a counsel in a major US law firm.
“As one of the world’s largest trust and fiduciary service providers, we have been supporting individuals and families with wealth, business and family succession solutions for more than 70 years,” said Alan Beattie, Global Head of Private Wealth Solutions. “Cynthia’s wealth of experience and deep expertise will be a great addition to our team of trust professionals as we look to support our clients through the most concentrated period of wealth transfer ever seen.”
Lee will begin her new role on 14 January 2019, taking over from Brent York who is appointed to the newly created role of Global Chief Operating Officer, PWS. With his extensive knowledge from more than 20 years of industry experience, York will deliver a new global operational strategy to support the sustainable growth aspirations of the business.
“Our intention is to grow our trustee business and related services in Asia, the UK, Europe, the Middle East and the United States,” continues Alan Beattie. “Brent’s new role is central in making this happen. He is perfectly placed to lead the development of a truly global infrastructure, improving systems and simplifying processes.”
HSBC is aiming to significantly expand its Asian Private Banking business over the next five years, including Private Wealth Solutions. With a key focus on Greater China and the ASEAN region, HSBC Private Banking Asia plans to hire 700 roles in the next five years and spend USD 100m on digital and technology over the next two years.
