There is change at the top of HSBC's asset management arm as a predecessor departs the group, creating a vacancy at the top.

HSBC Asset Management has appointed Pang Qi Lim as its new chief executive for the Southeast Asia and Singapore markets. The appointment is subject to regulatory approval.

Pang Qi Lim

Lim will succeed Patrice Conxicoeur, CEO and head of Southeast Asia, who has decided to pursue new opportunities outside HSBC.

In addition to these C-suite roles, Lim will also become head of strategic partnerships for Southeast Asia, the firm said in a statement last Friday. 

Based in Singapore, Lim will be joining the firm on Tuesday, reporting to Daisy Ho, CEO for Asia-Pacific and Hong Kong, at HSBC Asset Management, and Ashmita Acharya, head of wealth and personal banking, HSBC.

Prior to these roles, Lim led business development for client solutions and services businesses, Asia-Pacific, at Fidelity International. Before that, he was the Asia business lead for strategic initiatives. He also held other senior roles at Fidelity. Before joining that firm, he worked at Standard Chartered Bank and Fortis Private Bank.