The new COO, who replaces a colleague who has moved to a London-based role, comes from JP Morgan. The bank has recently created a new wealth and personal banking unit, part of a general restructuring.
HSBC Private Banking in Asia-Pacific has announced the appointment of former JP Morgan senior figure Sharon Oh as its chief operating officer. Oh replaces Gaurav Rao, who recently relocated to London to take up a new role within the private bank.
Oh will report to Siew Meng Tan and Anil Venuturupalli, global COO, HSBC Private Banking.
In this role Oh will lead the regional COO teams to deliver several “key transformation initiatives in 2020 and 2021 including a new core banking platform and further enhanced digital offerings”, the bank said in a statement.
Prior to this, Oh worked at JP Morgan’s private banking unit. She was most recently chief of staff in the global institutional client segment, based in London. Before that, Oh spent five years as the COO for JP Morgan Private Bank Asia-Pacific based in Hong Kong, and was previously the COO for North Asia at Credit Suisse.
In February HSBC said it was folding its retail banking and wealth management and global private banking units to form a $1.4 trillion business, called wealth and personal banking.
To see the story about HSBC's chief executive taking on the role permanently, click here.