HSBC establishes Singapore ECM

One of Asia''s longest-serving equity hands is re-locating to Singapore to boost the bank''s presence in South East Asia.

Tim Lambert, HSBC's current Hong Kong-based director of equity syndicate will move to Singapore in January to establish ECM and equity syndicate operations in South East Asia.

His appointment fits in another piece of the jigsaw for the bank's Singapore-based operations, which already house an established corporate finance and securities broking presence. In a wider sense, the move also underlines HSBC's continuing integration of its investment banking and global markets divisions.

Many houses have also recently been seeking to their improve coverage of Singapore, which is expected to provide many of next year's headline grabbing equity transactions as the government's privatisation process begins to accelerate.

Lambert will continue to report to Jo Simpson, managing director of HSBC's regional ECM operations and will be replaced in Hong Kong by Edmond Wong.

The father of four is well known locally for his charity fundraising abilities. For the last two years, he has run a five-aside football competition every December for Operation Santa Claus, raising HK$550,000 in the process. 

Based in Asia for seven years, Lambert joined HSBC in early 1996, having been transferred to the region from London a few years earlier by Nikko Securities.