HSBC Holdings has named Kai Zhang as the head of wealth and personal banking for South Asia, beginning June 26, according to a statement issued on May 23.
Zhang, who will be located in Singapore, will be in charge of boosting HSBC's wealth and personal banking business's expansion in South Asia. Zhang will report to Nuno Matos, co-CEO of Asia Pacific, and Surendra Rosha, chief executive officer of wealth and personal banking.
Zhang comes to HSBC from Manulife-Sinochem Life Insurance Co., where she was CEO and general manager since 2016.
HSBC Holdings plc is a worldwide universal bank and financial services holding corporation based in the United Kingdom. With US$2.953 trillion in assets, it is Europe's largest bank by total assets, surpassing BNP Paribas.
HSBC has 64 offices across Africa, Asia, Oceania, Europe, North America, and South America, serving about 40 million customers. It was rated 38th in the world in the Forbes rankings of large corporations based on revenue, profits, assets, and market value as of 2022. HSBC is a constituent of the Hang Seng Index and the FTSE 100 Index, and has dual primary listings on the Hong Kong Stock Exchange and the London Stock Exchange.