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Few days ago, we have had the privilege of hosting Frank Fang for an intimate, free-flowing discussion. He was kind enough to expound on our strategic priorities, particularly for North Asia, and also candidly share his own personal ones in 2024 and beyond.   2-Pillars, 3-Platforms : This is a unique advantage for HSBC - probably the only bank having deep ties in 2 #homemarkets - UK & Hong Kong. How do we build on top of it? By focusing on 3-platforms, namely: - International #midmarket  - International #wealth - International #transactionbanking  *See anything common in here (starting with “i”), which aligns completely with our current global approach of #ConfidentlyInternational   It was personally exciting for me that our #GlobalPaymentsSolutions (GPS) business continues to play a top-priority role for the bank, in that strategic construct above.    #hongkong: We got to know on how we are further internationalizing using our market leading proposition, while simultaneously connecting our clients to/from mainland-China. We also discussed on the importance of focusing on #corridors and how we in Singapore are also replicating #datadriven best-practices, being implemented by our teams in Hong Kong, particularly in GPS.   #hongkong & #singapore : While much has been written about the friendly competition, fact is - it is a good thing for our #clients, for both markets and particularly for HSBC, with our ability to connect our home market with our focus on Singapore/ASEAN. Fun fact - Singapore is the #4 source of #fdi into Hong Kong.    Thanks Li Lian Ng for hosting the session (+ for that illuminating fact), and to all participants for making this a memorable one.    Amanda Murphy, Priya Kini, Yvonne Yiu, Noor Al Adhami, Manoj Dugar, Winnie Yap Harish Venkatesan Shirley Leong Anna Chu   Rui Xiang Tan Priscilla Teo Jane Ho Ashlyn Lim Patrick Kiu Anurag Zutshi Lani B. Sabrina Say Penny Quek Glenda Wong Sammi Xu Andy Siew Johnathon Yeo Bobbie Yip Keith Chew

Alvin Lee, CEO of Maybank Singapore, discussed the bank's strategic initiatives, its role as a regional hub, and the importance of a value-driven approach to wealth management. Appointed CEO of Maybank Singapore in January 2024, Lee is leading the bank with a clear vision for its wealth management business. During a wide-ranging interview, he emphasised the increasing demand for wealth management services in the region due to rising affluence and globalisation. “Asia and ASEAN have seen significant growth, making wealth management a logical focus for us,” he noted. Singapore, with its conducive infrastructure and tax regimes, serves as the ideal hub for Maybank’s regional wealth management operations. Lee outlined the strategy for strengthening Maybank’s presence in the Malaysia-Singapore corridor and beyond, focusing on comprehensive products, consistent positive returns, and exceptional service. He stressed the importance of a strong IT platform and the role of talented, skilled professionals in delivering these services. “Banking, especially wealth management, is still very much a people business,” Lee stated. Maybank’s wealth management business is built around five pillars: creation, accumulation, preservation, purification, and distribution, aligning with both conventional and Islamic wealth management needs. Lee believes that service quality differentiates one bank from another, stating, “Products and solutions can be easily replicated, but a strong service and talent development culture sets us apart.” Look out for more details of this interview on www.wealthandsociety.com. Abigail H., Rahul Sanghvi, Naveen A M, Shawn Kwa, CA MBF Ketan Doshi, Raghavendra Rao Kuppala, Don Carlo Hernandez, CFA, Ricky Antariksa, Chong Ghee Sea, VJ NATCHAMIAH, Soraya Zainal Abidin, Toon Beng Ang, CFA, Deepak Ramchandani, Shahril Azuar Jimin, Cheryl Cheng, Gail Del Rosario, Ridzuan Haji Ishak, Jay Chan Jing Hui, Mario A. Utama Foo Boon Ping 胡文彬, The Asian Banker, TAB Global #MaybankSingapore #WealthManagement #RegionalHub #Value #AlvinLee #ASEANGrowth #FinancialServices #Digitalisation #Sustainability #EthicalInvestment #CustomerFocus #TalentDevelopment #DigitalSolutions #SustainableFinance #FutureProofing

The ASEAN digital economy is among the world’s fastest-growing; worth USD218 billion in 2023 and expected to reach USD600 billion by the end of this decade. With its strategic location, robust infrastructure, and growing economy, Malaysia offers numerous opportunities for businesses looking to expand their operations in the region. The USD1 billion HSBC ASEAN Growth Fund credit facilities announced today will help the region’s digital players achieve economies of scale, grow their asset portfolios and advance along the corporate lifecycle. Digital investments rank as the top priority for Malaysian businesses, ahead of expansion into new markets in ASEAN. Over 70% are planning to increase their investments within the region, compared to the 47% that are adding to their investments elsewhere. In our 140 year presence, HSBC Malaysia has brought many technology firsts to the local market, from the nation’s first ATM machine to becoming the first bank in the country to launch a digital account opening journey. We remain well placed to serve the nation and companies’ growth ambitions - bringing in-depth local knowledge, wide ranging industry expertise, and an unrivalled regional and international network.  #HSBCMalaysia #140YearsAndBeyond #OpeningUpAWorldOfOpportunity #HSBCAseanGrowthFund Amanda Murphy Surendra Rosha Karel Avni Doshi Christina Cheah Alvin Kong Linda Yip Brian McGuire Jaya Menon Elly Neoh Raja Amir Raja Azwa Ivy Chin Mark Hall Yumei Lim Sherlyn Cheah Shell Pin Teh

Bank of Singapore, Asia's Global Private Bank (BOS) is undergoing a significant transformation under CEO Jason Moo's leadership, aiming to become the top Asian private bank within the next three to five years. Benefiting from Singapore's thriving wealth management market, BOS, part of OCBC Group Wealth Management, is well-positioned with S$263 billion in assets under management. As generational wealth transitions accelerate, BOS targets growth in the single-family office sector, leveraging its established market presence. Traditionally, Asian wealth favored European and American banks, but BOS aims to provide differentiated solutions tailored to evolving client needs. Strategic initiatives include enhancing asset allocation, raising the minimum client sum to S$5 million, and fostering collaboration within the OCBC Group to offer comprehensive wealth services. Management changes, operational enhancements, and strategic hubs in Singapore, Hong Kong, and Dubai underscore BOS's commitment to transformation. #Growth #PrivateBank #PrivateWealth #FamilyOffice #WealthManagement #Innovation #Transformation #Business #Singapore #Leadership I The Straits Times I SPH Media I Su Shyan Lee

Asia accounts for more than 60% of global growth, with the six largest economies in ASEAN forecast to grow by 4.5% in the coming years. What are the key focus areas for multinational corporates looking to grow in the region? Here are the highlights from the recently concluded HSBC 9th Asia Day in Singapore: https://grp.hsbc/6048RM2fI #HSBC #AsiaDay2023

HSBC has just launched a USD1 billion ASEAN Growth Fund in six of the fastest growth countries in ASEAN, to help scale up platform players in the region’s booming digital economy. In addition to the launch, we also surveyed 600 companies operating in Southeast Asia and found that “digitalising operations” is a key business priority, selected by 55% of Malaysian respondents and more importantly, we also see 82% of the respondents planning to increase their investment in the digitalisation of their businesses in ASEAN. Rapid digital adoption in ASEAN means businesses increasingly require fuss-free digital banking to support their growth. They want convenient and simple-to-use trade and payment solutions that would free up more time for them to focus on strategy and expansion and that’s where HSBC is, at the forefront of driving digital innovation in ASEAN. Read our coverage in The Edge: https://lnkd.in/gyAhDKeB Fintech News Malaysia: https://lnkd.in/gAH5ubz3 Omar Siddiq Amanda Murphy Surendra Rosha Jaya Menon Andrew Metcalfe Madeline Leong Taryn R. Jana Lim Anand Mukati Alex Wrigley Serena S. Christina Cheah Linda Yip Alvin Kong Raja Amir Raja Azwa William Tan Yun Lee T.

Wealth dynamics in the Asia-Pacific region are undergoing changes, creating significant growth opportunities for wealth management companies. It is estimated that there will be approximately $81 trillion in "onshore" private financial assets by 2027, resulting in about $1 trillion in revenue pools across the wealth continuum. Additionally, there is an increasing trend of "cross-border wealth management connectivity," with more assets being booked in the leading Asian centers of Hong Kong and Singapore. It is projected that these centers will have around $3.5 trillion in booked assets by 2027. #WealthManagement #AsiaPacificEconomy https://buff.ly/3Qy7BGK

Cathay United Bank’s Singapore nexus fuels regional ambitions Read the full article: https://bit.ly/4cFEIk5 Under the leadership of Winfield Wong, CEO of CUB’s Singapore branch, the Taiwan-based lender is sharpening its focus on leveraging the city-state as a springboard for innovation, best practice and knowledge sharing, as well as facilitating seamless cross-border business flows. “Singapore is the cornerstone here. We have high growth ambitions driven by client-centric and forward-looking solutions,” asserts Wong. “Singapore is at the forefront of many developments—financial crime risk mitigation, regulatory knowledge-building, product innovation. We continually pilot new offerings here leveraging the conducive ecosystem.” CUB’s Singapore hub plays an indispensable role as “a centre whereby there’s a good exchange of intelligence and information” between the local branch and Taiwan headquarters, according to the Wong. He highlights the tangible upsides of tapping into Singapore’s deep reservoirs of subject matter experts and best practices across areas like compliance, outsourcing, digitalisation, and business continuity planning. Aviation Week Network Foo Boon Ping 胡文彬, TAB Global #cathayunitedbank #singaporehub #southeastasiagrowth #crossborderbusiness #corporatebanking #digitaltransformation #financialinnovation #asiapacificfinance #strategicintelligence #financialhub #corporatefinance #wealthmanagement #aviationfinance #clientcentric #csrinitiatives #theasianbanker #tabglobal