Thursday, December 3, 2009

Top HSBC executive quits in Singapore

The chief executive of HSBC Private Bank in Singapore has stepped down after three years in the role.

Jimmy So has left the bank to pursue other opportunities. A statement by HSBC Prviate Bank did not confirm his destination.

Nancie Dupier, formerly chief investment officer, head of investment and product group for the Americas, will take over from So on 1 February 2010. Dupier is the latest of a string of senior female appointments in private banking in recent years. She will be operating in an increasingly competititve Singapore market, where BSI has raided Coutts for a large team of private bankers, and Coutts has been active in making good the losses.

Dupier joined HSBC Bank USA, private banking in 2005 as chief investment officer, head of investment and product group, Americas. Prior to HSBC, Dupier held senior executive roles at Chase Manhattan, JP Morgan and Bank of America.

In New York, Dupier will be succeeded by Thomas Moore who is becoming head of private bank investment group and chief investment officer for the Americas. Moore joined HSBC in 2001 having previously been a senior investment executive/chief investment officer for JP Morgan Chase’s personal asset management Group.

Source: wealth-bulletin.com/

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