Awards for Distinction 2011 – Hong Kong


APB-AFD-BestPrivateBankHK

HSBC Private Bank

Desmond Liu

Desmond Liu
Managing Director
Head of Private Banking, North Asia
HSBC Private Bank

With the fastest growing high net worth population in Asia Pacific, Hong Kong is the crown jewel amongst wealth management markets in the region. A veritable battlefield for private banks, Hong Kong is also, as a result, home to some of the finest talent and innovations in the private banking industry. Globally accepted best practices, cutting-edge technology, products, services and the best-known banks in the world – it’s safe to say Hong Kong has it all.

Needless to say the contenders for the Asian Private Banker – Best Private Bank in Hong Kong Award are the preeminent banks in our industry. All demonstrated a lasting commitment to Asia, in particular Hong Kong, and each of them has a solid understanding of the specificities of doing business in the region.HSBC Private Bank, winner of this year’s award, has demonstrated that not only does it have a deep understanding of the wealth management market in Hong Kong but that it has been able to leverage that understanding to create an enviable network in the region. Asia Pacific contributes 32% of HSBC Private Bank’s profits and over the last couple of years several of the board’s global practice leaders have made Hong Kong their base. This commitment to Hong Kong at the senior most levels of the bank are a strong differentiator for HSBC amongst the global private banks in Asia and was a key advantage in consideration for the Asian Private Banker – Best Private Bank in Hong Kong Award.

“HSBC Private Bank is honored to have been recognised as the Best Private Bank in Hong Kong in Asian Private Banker’s inaugural awards,” says Desmond Liu, managing director and head of Private Banking North Asia at HSBC. Liu is categorical about the bank’s focus on Hong Kong, “This award highlights our continued leadership and unwavering commitment to continue to grow in Hong Kong, one of our most important markets in Asia.”