In his new role, Kunz will be responsible for driving and executing HSBC’s strategy for private banking across Southeast Asia. Based in Singapore, he will report locally to HSBC Singapore’s chief executive, Tony Cripps and functionally to the regional head of global private banking, Asia-Pacific, Tan Siew Meng. 

“HSBC’s universal banking model and global network means we are very well placed to meet our clients’ business and private wealth needs, and I am delighted to welcome Philip back to HSBC to lead the private banking business and serve our clients in South East Asia," Tan said.

In talking about the importance of private banking for HSBC Singapore, Cripps added: “As the regional wealth hub for ASEAN and a leading booking centre internationally for High Net Worth Individuals (HNWI), Singapore is a strategically important beachhead for wealth in the region.” “With access to one of the world’s largest commercial banking client bases, our strategy is to support our existing customers as they expand and grow their companies internationally and pass-on wealth to the next generation. With Philip’s deep knowledge of client needs in ASEAN, I look forward to working with him to continue growing our business and deepening client relationships across the region.”