HSBC names new head of retail banking and wealth management

HSBC has appointed Anurag Mathur as head of its retail banking and wealth management (RBWM) business in Singapore. Mathur’s appointment is subjected to local regulatory approval and will be effective from 17 September 2016.Mathur will be responsible for driving and executing HSBC’s strategy for the RBWM business in Singapore. He will report to HSBC Singapore’s chief executive officer, Guy Harvey-Samuel and HSBC’s head of RBWM of Asia Pacific, Kevin Martin. This follows the appointment of Matthew Colebrook to lead HSBC’s RBWM business for the Middle East region. Colebrook was previously HSBC Singapore’s head of RBWM.Mathur (pictured) joined the HSBC in Hong Kong in 2009 and has held senior roles for RBWM including product management, strategic planning and business performance management. He was recently the head of international markets for RBWM in Asia which involved overseeing the growth strategies and transformation agendas for HSBC in Bangladesh, Brunei, Macau, Mauritius, New Zealand, Philippines, Sri Lanka and Vietnam.According to Harvey-Samuel, Singapore’s standing as a capital, investment and wealth hub for South-east Asia makes it a top-7 priority growth market for HSBC globally.It has enabled HSBC to extensively invest in its retail business over the past three years including branch expansions and upgrades, introducing digital innovation and most recently transferring RBWM into a locally incorporated subsidiary of HSBC Singapore in May this year.“With Mathur’s track record and breadth of experience, I am very confident that he will be able to further build the business as we enter our next phase of growth – this time as a new retail bank,” Harvey-Samuel said.“Mathur has been instrumental in transforming and growing our international businesses in Asia Pacific. We’re delighted to have him to lead the business in Singapore and to continue to grow our business by ensuring we understand and meet the needs of the communities which we serve in Singapore,” Martin said.