The appointment of a former Bank of Singapore executive falls under the Wealth and Personal Banking division of HSBC.

HSBC has appointed Fidelis Oruche (pictured) as global head of its capital markets and investments and wealth solutions (IWS) platforms for its wealth and personal banking business.

Based in Singapore, Oruche will develop the bank’s capital market products and platforms across its wealth segments and online trading offering for clients, collaborating with the investment bank and global business partners.

With two decades of financial services experience, he will be joining HSBC from Bank of Singapore, where he was most recently managing director, head of alternative investments and managed solutions. 

Prior to this, he was the head of investment advisory and sales where he led teams of advisors and product specialists in Singapore, Hong Kong and Dubai responsible for providing advisory and execution services in fixed income, foreign exchange, equities, structured products, derivatives, funds solutions and private equity. 

His experience includes 15 years in investment banking where he focused on FX derivatives within trading and management roles in large global organisations across Europe and Asia.

Beginning his new role on 1 March, he will report to Lavanya Chari, global head of investments and wealth solutions.

“With his in-depth experience, capabilities and experience across geographies, Fidelis will play a critical role in continuing to develop our world class platforms and solutions for clients across the wealth continuum,” Chari said. 

IWS, which is a newly-created unit within HSBC’s wealth and private banking arm, is responsible for developing and rolling out in-house and third-party wealth products, securities-based lending and market insights for clients.