The bank is building an international network connecting Luxembourg, Beijing, the Hong Kong/Greater Bay Area in China and Switzerland.

Banque Internationale à Luxembourg has appointed Hanzhi Ding as the new chief executive of BIL Wealth Management Limited in Hong Kong, China. Ding, who will succeed Betty Tsui, will be in charge of developing the group’s wealth management business in the Hong Kong/Greater Bay Area, in China.

Hanzhi Ding comes from Huatai International, a Chinese investment bank in Hong Kong and the global arm of China’s top-ranked financial group, where he served as chief strategist, head of business development and head of investment research. Previously he held various positions at Bank of America Merrill Lynch, Citigroup Global Markets and Nomura, all in Hong Kong.

He holds a master’s degree in management science and engineering from Stanford University and a master’s degree in engineering from the University of Washington.

Private banking veteran and company founder Betty Tsui will remain member of the board of directors of BIL Wealth Management Limited and will serve as its vice chairman. Formerly named Sino Suisse Financial Group (Hong Kong) Limited, BIL Wealth Management Limited was acquired by Banque Internationale à Luxembourg in February 2020. It will be the main platform for the group’s wealth management activities in the Hong Kong/Greater Bay Area.

With the support of its main shareholder Legend Holdings, BIL has been ramping up its services for Chinese clients over the past year. In addition to BIL Wealth Management Limited in Hong Kong, the the firm has opened a representative office in Beijing and established dedicated wealth management China desks in Luxembourg and Switzerland. When the international network is completed, it will link up Luxembourg, Beijing, the Hong Kong/Greater Bay Area in China and Switzerland.

The appointments are subject to customary prudential approval of the Securities and Futures Commission of Hong Kong.