July 8, 2026

HSBC Private Bank Revamps Asian Leadership: Key Appointments in India, China, and Thailand

pg 4 hsbc reuters
Reading Time: 2 minutes

HSBC Private Bank, the private banking division of HSBC, has recently announced several significant leadership appointments across its Asian operations, with a particular focus on the India and China markets.

Focus on India

The global India team has welcomed Phaneendar Bhavaraju and Rangan Krishnan as senior relationship managers. Both report to Manoj Ramarao, who is the Senior Desk Head for global India, Singapore, and Hong Kong.

Bhavaraju brings to the table more than 28 years of experience across several financial sectors, including foreign exchange, rates, derivatives, precious metals, private banking, and structured finance. He previously held the role of Chief Investment Officer at various asset management companies in the Dubai International Financial Centre. Bhavaraju’s past experience also includes nine years of serving in private banking roles at both RBS and Credit Suisse.

Krishnan, on the other hand, has over 31 years of wealth management experience. He was previously at the Bank of Singapore where he spent nine years leading a team that managed ultra-high net worth clients, family offices, and institutional portfolios. His resume also includes roles at ANZ, Credit Suisse, ABN AMRO Bank, and DSP BlackRock Mutual Fund.

China & Other Markets

In China, Alex Liu has been appointed as the Market Head of Offshore China. His coverage now extends from Hong Kong to Singapore. Liu reports to Kanas Chan, the head of North Asia and Hong Kong.

In addition to the appointments in India and China, Dawn Fung has assumed the role of Head of Wealth Planning for Southeast Asia. With over 25 years of experience in banking and trust, Fung reports to Ann Ling, the Regional Head of Wealth Planning and Advisory for Asia Pacific, and Tommy Leung, the Head of Private Bank for South Asia.

Onshore Thailand

In Thailand, William Fok has been named the Country Head of Private Bank. Fok, who is based in Bangkok, reports to Benjamin Wang, the Desk Head for Thailand and Vietnam. Fok has more than 20 years of experience in structured products and investment advisory. Before taking on this role, he was a Senior Investment Counsellor at LGT. Fok is returning to HSBC Private Bank after having worked there for almost five years earlier in his career. His past employers also include Julius Baer and Morgan Stanley.

Questions & Answers

Who are the new senior relationship managers for HSBC Private Bank’s global India team?
Phaneendar Bhavaraju and Rangan Krishnan have been appointed as the senior relationship managers for the global India team at HSBC Private Bank.

Who has been appointed as the Market Head of Offshore China for HSBC Private Bank?
Alex Liu has been appointed as the Market Head of Offshore China, expanding his coverage from Hong Kong to Singapore.

Who is the new Country Head of Private Bank for HSBC in Thailand?
William Fok has been named the Country Head of Private Bank for HSBC in Thailand.

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