Based in Singapore, Khanna will lead growth and client coverage strategy for these markets, reporting to Abhishek Mehrotra, market head, Southeast Asia International, the bank said in a statement last week.

Khanna brings expertise in managing ultra-high net worth cclient relationships across Asia-Pacific and the Europe, Middle East and Africa regions. Originally from Australia, he began his career in investment banking in Sydney, gaining experience in the Australian wealth management industry before expanding his institutional client coverage across APAC and EMEA.

Prior to this appointment, Khanna was head of international investment counselling at HSBC and has held various leadership roles, including UHNW investment counsellor and cluster head, overseeing teams servicing clients across the region.

“The Australia, Japan, and International markets are critical to our long term growth strategy with the global HNWI population projected to grow by 28.1 per cent from 2023 to 2028,” Tommy Leung, head of global private banking, South Asia, said. “Singapore, as an international wealth hub, manages total assets under management of 5.41 trillion Singapore dollars ($4.16 trillion), reinforcing its status as a preferred booking centre for Southeast Asian and international clients.”

“With Kapil’s extensive experience across both institutional and private banking, including his deep understanding of the Australian market, he is well-positioned to lead our efforts to deepen client relationships and strengthen our foothold in these developed economies,” Leung added.