HSBC appoints Kelvin Tan to lead Sustainable Finance across South-East Asia
In a newly created role, Tan will be based in Singapore and report directly to HSBC Singapore Chief Executive Officer Kee Joo Wong
October 22, 2021 -- HSBC Singapore have bulked up their sustainable finance business in South-East Asia with the promotion of Kelvin Tan to a newly created role. HSBC's new Head of Sustainable Finance and Investment in ASEAN was officially announced on August 25, 2021. Tan who has been with HSBC in Singapore since 2009, will report directly to the CEO of HSBC's Singapore branch, Kee Joo Wong in his new position.
In his most recent role, one which he has been in since 2015, Tan was the Chief Executive of HSBC in Thailand and before that, a Commercial Banking executive, where he led the firm's commercial banking activities in Singapore. In a recently acquired press release, HSBC stated that Kelvin will support Singapore-based clients with their regional needs as they transition to a lower carbon way of working and living.
Specifically, Tan's role will oversee the provision of sustainability-linked finance; help to develop innovative climate solutions; lead cross-business and cross-market collaboration across HSBC's ASEAN franchises; and to enhance employee education and understanding to assist with customer engagement.
Commenting on the recent appointment, HSBC Singapore Chief Executive Kee Joo Wong said:
"Southeast Asia is one of the most vulnerable regions in the world to climate change-related natural disasters. If nothing is done, the environmental, social and economic impact of climate change will be profound. HSBC has been at the forefront of helping ASEAN's governments, businesses and its people transition to a lower carbon position. Kelvin's extensive experience in Singapore and across ASEAN markets, as well as his proven commercial banking ability, makes him the perfect candidate to ensure we take further strides towards a more strategic and coordinated approach."
About HSBC Limited
The Hongkong and Shanghai Banking Corporation Limited is the founding member of the HSBC Group.
HSBC serves customers worldwide from offices in 64 countries and territories in its geographical regions:
Europe, Asia, North America, Latin America, and Middle East and North Africa. With assets of $2,976bn
at 30 June 2021, HSBC is one of the world's largest banking and financial services organisations