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UBS head of global wealth management to join HSBC

HSBC Asset Management has announced the appointment of Charles Li as its new head of wholesale business for Asia effective September 1, subject to regulatory approval. Li will be responsible for covering all wholesale clients in China, Hong Kong, Taiwan, India, Japan and Southeast Asia. HSBC said Li will also be responsible for setting and delivering the firms’ wholesale strategy. Li was previously the UBS Asset Management’s head of global wealth management client coverage for the Asia-Pacific region, as well as its deputy head of asset management for Hong Kong. He also held senior roles at Fortis Investment Management Asia, PCI Investment Management, and Allianz Global Investors. Li will be based in Hong Kong and will report to the bank’s global head of wholesale, Thorsten Michalik, as well as chief executive officer for Asia-Pacific and Hong Kong, Daisy Ho.


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