There's a change at the top in the lender's operations in the Asian city-state.

HSBC continues to see changes in its top management. Yesterday, the Hong Kong/London-listed bank said it had appointed a new head of global banking for Singapore, Gilbert Ng.

Ng is succeeding Priya Kini who has taken on a new role early this year as head of commercial banking for Singapore. 

Prior to joining HSBC, Ng was corporate banking head in Singapore for Citigroup, spending 17 years at the US bank.

“Gilbert’s track record in building a resilient client coverage business will further accelerate our growth in Singapore. As more global businesses look to set up their regional headquarters and treasury centres in Singapore to facilitate their growth in the region, it is critical that we can tap on his deep market knowledge to support our clients as they scale up,” Wong Kee Joo, chief executive, HSBC Singapore, said. 

Earlier this week, when it announced its first-quarter earnings, HSBC said group chief executive Noel Quinn would be retiring after a five-year stint in the job. The move was seen as something of a surprise. Quinn will stay in the post until the bank finds a successor.

In a separate development, HSBC said – as reported here – it was shutting its independent asset management (aka external asset management) business in Hong Kong and Singapore, following a review.