HSBC has reportedly hired two tech-focused senior investment bankers from rival UBS as part of its strategy to ramp up Asia technology sector investment banking coverage.
The British bank has named Ajinkya Mukhopadhyay as head of technology, media and telecom for Southeast Asia and India, Bloomberg reported citing an internal memo.
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Mukhopadhyay, who will be based in Singapore, has two decades of experience in investing and dealmaking.
He last worked as head of TMT global banking for Southeast Asia and India at UBS. Prior to that, he worked with Telstra, as head of mergers and acquisitions and international business development.
HSBC has also hired Andrew An as a managing director responsible for TMT in China. An also joins the bank from UBS.
He will continue to be based in Hong Kong.
According to the memo, both Mukhopadhyay and An will report to HSBC Global TMT co-heads Winston Cheng and Dan Bailey.
The appointments were confirmed to the news agency by an HSBC spokesperson.
New appointments in Geneva
Separately, HSBC Switzerland has made a number of new hires to its Geneva-based investment management team.
The bank has reportedly named Karl Faivre as head of investments and wealth solutions (IWS) for Europe, Middle East, and Africa.
Faivre previously served as the bank’s regional investments and wealth solutions chief.
HSBC’s swiss unit has also named Alexander Neil head of Equity Advisory in a bid to fortify its stock picking capacities. Neil joined HSBC in 2018 from EFG International.
The bank also hired Cristiano Mendes as a structured product specialist in Switzerland. Mendes join the firm from Barclay’ wealth arm. He has previously worked with UBS as well as Lombard Odier.
Other appointments
Earlier this month, HSBC Asset Management hired Daisy Ho to lead its business in Asia-Pacific and Hong Kong.
In July this year, the bank announced three strategic appointments, following a revamp of its management structure.
It appointed Rob Embury as head of collaboration, Europe, Middle East and Africa (EMEA), and Gemma Wild as head of collaboration for Middle East and North Africa (MENA). Kevin Herbert was named as head of GPB, Channel Islands and Isle of Man (CIIOM).
