People Moves
HSBC Taps Merrill Man for North Asia Wealth Management Sales
HSBC has poached Gary Hung from Merrill Lynch in Hong Kong to be managing director and head of intermediaries, North Asia in wealth management sales. At Merrill, Mr Hung was a director of equity structured solutions.
Mr Hung’s position at HSBC is a newly created one in which he will be responsible for managing the intermediaries business for Greater China and Korea. He will be based in Hong Kong and will report to Ken Sue, managing director and head of wealth management sales, Asia-Pacific.
The HSBC wealth management sales team designs structured products to sell to its retail and private banking clients, a growing area according to the bank.
