HSBC has promoted Elton Lee to head of trade and supply chain of Taiwan, the latest move from the bank after a series of recent hires and an internal reshuffling of its payments and cash management sales team in Singapore.
Lee's responsibilities include driving and managing the bank's trade and supply chain business in Taiwan as well as leading the in-country team of more than 50 sales, product management and client management specialists to deliver innovative trade and supply chain solutions to multinational corporations, mid-market enterprises and small businesses. He filled the position vacated by Holly Liao after she was promoted to head of middle office at HSBC China earlier this year.
"Elton's expertise, gained over more than 19 years in various roles with HSBC across different cities in Taiwan and mainland China, combined with the bank's unmatched presence in this region will enable us to provide clients with the advisory services and guidance they require," said Christopher Lewis, Greater China head of trade and supply chain at HSBC, in a statement. Lee reports to Lewis and James Binns, HSBC's head of commercial banking in Taiwan.
Taiwan is a critical piece in the bank's Greater China footprint. Its most recent trade confidence index found that Greater China would be leading the rise in trade volumes among emerging economies and, late last year, Peter Wong, executive director of the bank, told reporters that HSBC saw "significant potential" for growth in the region.
Lee held several senior roles at HSBC prior to his promotion. Most recently he was senior vice-president and area business manager for business banking Taipei, responsible for establishing the business banking team and implementing strategic business initiatives. Past roles included corporate banking manager and head of the Taiwanese business desk in Shenzhen and the founding branch manager in Suzhou. He originally joined the bank in 1992 and has more than seven years experience in mainland China.
Earlier this year, HSBC appointed Bruce Alter China head of trade and supply chain, poaching him from ANZ. A representative of the bank said it will announce Lee's replacement shortly.