HSBC has reshuffled senior management at its commercial banking arm in Asia and the U.K. Amanda Murphy and Frank Fang have been named co-heads of the APAC commercial banking business, according to a statement, reporting to global commercial banking chief executive Barry O’Byrne.
The current head of commercial banking for HSBC U.K., Murphy will relocate to Singapore to become head of commercial banking, South and Southeast Asia to oversee the local commercial banking franchises in India, Southeast Asia, Australia, and international markets.
Frank Fang will maintain his role as head of commercial banking, Hong Kong and Macau.
Murphy and Fang will also serve on the global and APAC commercial banking executive committees.
Succeeding Murphy’s role as head of commercial banking for HSBC U.K. is Stuart Tait, subject to regulatory approval, who led the APAC commercial banking franchise since 2016.
I would like to thank Tait for growing our business in Asia Pacific over the last five years – his customer-centricity will be equally instrumental in his new role, O’Byrne said.
Focusing on Asia for growth, investment and capital deployment is a strategic priority for our global business. We aim to grow our market share in the Greater Bay Area, India and Southeast Asia, expanding our customer base and digitizing at scale to help our clients and business to capture global opportunities.