HSBC Private Bank appoints southeast Asia head
From People Feb 10 2012 BY: Will Jackson
, Contributing editor
, International Adviser
Amit Gupta
HSBC Private Bank has appointed Amit Gupta as its chief executive for southeast Asia. Gupta is expected to take up the position at the start of next week, replacing Nancie Dupier.
Gupta joined HSBC in India in 1992 and held the roles of senior economist, head of derivatives and head of sales. He relocated to Singapore in 2000 to develop the firm’s derivatives business in the region, and most recently served as treasurer and managing director, head of global markets.
Krishna Patel, HSBC’s chief executive officer of global private banking, said Gupta’s 12 years of experience in Singapore leaves him well-placed to build the business.
“Given the rapid development of Singapore as a major global wealth management centre and HSBC’s strong position in the region, this has been identified as one of our highest priority growth markets,” Patel added.
Dupier, who was seconded to the chief executive role for two years, returns to HSBC Americas.
According to HSBC, the firm provides private banking services to high net worth individuals in 43 countries and territories in Europe, the Americas, Asia Pacific, the Middle East and Africa.
As International Adviser reported last month, the company is selling its Thailand-based retail banking and wealth management arm, and the whole of its banking operations in Costa Rica, El Salvador and Honduras, in line with a corporate strategy it set out in May 2011.