The lender is cutting bank jobs from its China-based digital wealth project, and making changes to its senior management.

HSBC's senior wealth manager overseeing China will leave this role soon in a reshuffle of Asian leadership, while the bank cuts hundreds of jobs from its digital wealth project in China, according to Reuters this week.

Trista Sun, who has been leading the bank's International Wealth and Premier Banking (IWPB) business in China, will leave on 1 May after more than three years, the news service said, citing a bank memo.

Kai Zhang (main picture), the bank's Asia head of IWPB, will relocate to Shanghai from Singapore and take on the additional role as acting head of IWPB China from the same date, the report said.

Reuters said that an HSBC spokesperson confirmed the contents of the memo. WealthBriefingAsia has contacted Hong Kong/London-listed HSBC for comment and may update in due course.

The report said that Sun has been appointed managing director for strategic projects at IWPB – a newly-created role. She will report to global wealth head Barry O'Byrne and relocate from Shanghai to Hong Kong.

The bank said Sun will manage projects critical to accelerating the delivery of IWPB's growth agenda, including boosting cross-border customer acquisition and capturing fund flows.

As previously reported by the newswire, HSBC is cutting staff numbers at its China digital wealth business Pinnacle by nearly half, or about 900 people.

Earlier in April, HSBC in China unveiled its Hangzhou wealth centre, the sixth that the Hong Kong/UK-listed group has launched on the mainland in the past six months.