A top HSBC managing director has just left to launch her own firm in Hong Kong
HSBC managing director Jacqueline Loh has left the bank to set up Loh Family Office, a Hong Kong-based tax, trust and estate planning consultancy.
Low’s firm advises “second and third generation family members” who own assets in Hong Kong, Australia, Canada, and the US, according to her LinkedIn profile.
The veteran trust specialist had been with HSBC in Hong Kong since 2007 and spent the past two years as head of North Asia philanthropy services for its trustee unit. In this role, Low built and led a team of trust relationship managers for high-net-worth and ultra-high-net-worth families in Taiwan and Hong Kong.
Low is not the only senior person to have left HSBC in Hong Kong in recent weeks, although the departures are not thought to be related to the 35,000 job cuts that the bank is making globally, mainly in Western markets. Hossein Zaimi, HSBC’s global equities chief, and Satyam Agrawal, regional head of retail business banking for Asia, both exited in July.
Prior to HSBC, Low spent three years as an executive director in trust services at LGT in Hong Kong. She was with Standard Chartered in the same city between 2001 and 2004 as head of Asian sales for trust services.
A qualified lawyer, Low worked for law firms Osler, Hoskin & Harcourt and Baker McKenzie, during her early career.
HSBC continues to recruit in Hong Kong, Singapore and China, in particular for private banking and wealth management jobs.