Desmond Liu's role expands at HSBC Private Bank

HSBC Private Bank has promoted Desmond Liu to the newly created role of head of Greater China. He was previously head of China and, as of February 1, his responsibilities include oversight of the business in Hong Kong, which is led by Randy Chu and Monique Chan.

Pakorn Boonyakurkul continues to be responsible for the Taiwan market, working closely with Liu on strategic directives, says a spokeswoman. Both remain in Hong Kong and report to Asia chief executive Monica Wong.

An AsianInvestor source says one likely reason for the promotion was to simplify the reporting lines to Wong, with Chu and Chan now reporting into Liu. HSBC declined...