Kapil Khanna

HSBC Global Private Banking ( GPB ) has appointed Kapil Khanna as its desk head for Australia, Japan and international, effective July 14, with responsibility for leading the growth and client coverage strategy for these key markets.

Khann, who will be based in Singapore and report to Abhishek Mehrotra, market head for Southeast Asia international, brings deep expertise in managing ultra-high-net-worth ( UHNW ) client relationships across the Asia-Pacific and Europe, Middle East and Africa ( EMEA ) regions.

Originally from Australia, Khanna began his career in investment banking in Sydney, gaining extensive experience in the Australian wealth management industry before expanding his institutional client coverage across Asia-Pacific and EMEA.

Prior to this appointment, he was the head of international investment counselling at HSBC and has held various leadership roles, including UHNW investment counsellor and cluster head, overseeing teams servicing clients.

“The Australia, Japan and international markets are critical to our long-term growth strategy with the global HNWI population projected to grow by 28.1% from 2023 to 2028,” says Tommy Leung, the bank’s GPB head for South Asia. “Singapore, as an international wealth hub, manages total assets under management of S$5.41 trillion ( US$4.17 trillion ), reinforcing its status as a preferred booking centre for Southeast Asian and international clients.

 “With Khanna’s extensive experience across both institutional and private banking, including his deep understanding of the Australian market, he is well-positioned to lead our efforts to deepen client relationships and strengthen our foothold in these developed economies.”