SINGAPORE - HSBC Bank (Singapore) has appointed Anurag Mathur as head of its retail banking and wealth management (RBWM) business in Singapore.

Mr Mathur will take over from the bank's current head of RBWM, Matthew Colebrook, who goes on to lead HSBC's RBWM business for the Middle East region.

In his new role, Mr Mathur will be responsible for driving and executing HSBC's strategy for the RBWM business in Singapore. He will report to HSBC Singapore's chief executive officer, Guy Harvey-Samuel, and its head of RBWM for the Asia-Pacific, Kevin Martin.

Mr Anurag Mathur will be the head of HSBC's retail banking and wealth management business in Singapore. PHOTO: HSBC

Since joining the HSBC Group in Hong Kong in 2009, Mr Mathur has held senior RBWM roles including product management, strategic planning and business performance management.

Most recently, he was the head of international markets for RBWM in Asia which involved overseeing the growth strategies and transformation agendas for HSBC in Bangladesh, Brunei, Macau, Mauritius, New Zealand, Philippines, Sri Lanka and Vietnam.

On Mr Mathur's appointment, CEO Harvey-Samuel said: "Singapore's standing as a capital, investment and wealth hub for South-east Asia makes it a top-seven priority growth market for HSBC globally and has enabled us to extensively invest in our retail business over the past three years including branch expansions and upgrades, introducing digital innovation and most recently transferring RBWM into a locally incorporated subsidiary of HSBC Singapore in May this year."

"With Anurag's track record and breadth of experience, I am very confident that he will be able to further build the business as we enter our next phase of growth - this time as a new retail bank."

Mr Mathur's appointment, subject to local regulatory approval, will take effect on Sept 17.