Print this article
HSBC Bolsters Southeast Asia Leadership
Tom Burroughes
18 September 2019
HSBC has appointed Philip Lee, a former senior figure at Deutsche Bank, as its vice chairman for Southeast Asia at the Global Banking franchise. The newly-created role underscores "the bank’s continued investment in Singapore as a wholesale hub for Southeast Asia", it said. At Deutsche Bank, Lee was vice chairman of Southeast Asia and chief country officer of the lender in Singapore from 2013 to 2018. Prior to that, Lee spent 18 years with JP Morgan as chief executive of Southeast Asia investment banking and senior country officer for its Singapore franchise. He is also chairman of the Singapore Health Promotion Board and, separately, council member and investment committee chairman of the Institute of Banking and Finance Singapore. Based in Singapore, Lee will report functionally to Greg Guyett, group head of Global Banking, and at a country level to Tony Cripps, CEO, HSBC Singapore. He will work with Stephen Williams, head of global banking for Southeast Asia. Over the past year HSBC Singapore has made several ASEAN appointments in its global banking business, most recently appointing Kanakanjan Ray to head of financial institutions group, Southeast Asia and Mun Loong Choy to head of multinationals, Southeast Asia.