One of HSBC's most senior women is leaving and her job is being fused with another

Wan Sze Loh is leaving HSBC. HSBC is declining to comment, but we understand that Loh has decided to step down and off, and that the bank has rolled her job up into another one.

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Loh didn't respond to a request to comment for this article. She joined HSBC from Morgan Stanley in 2017 and became the bank's head of institutional sales for APAC in 2022. One insider at the bank says she was running "everything."  - "Credit, equities, rates and FX," sales in the region.  She was based in Hong Kong.

With Loh moving on, HSBC already someone else in mind. It is Patrick Boumalham, the bank's global head of wealth sales, who is currently based in Singapore.  

Subject to regulatory approvals, Boumalham will soon become head of institutional sales Asia and global head of internal wealth sales. This sounds like a substantial undertaking, but maybe internal sales simply involves touring HSBC offices.*

Boumalham, who is Lebanese, has worked for HSBC since 2005. He was with the bank in Switzerland and London before moving to Singapore in 2022, the same year that Loh was promoted. 

*We understand this to involve offering Markets & Securities Services (MSS) products such as structured products to clients via HSBC's Wealth business.

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