Bank J. Safra Sarasin has appointed May Hsu as chairman Asia, alongside seasoned private banking professionals Guo Quan Ng and Lawrence Lee, effective immediately.

The new team will focus on further driving the bank’s business development in the Greater China markets. Hsu and Ng will both report to Andy Chai, chief executive officer Asia and member of the bank’s executive committee.

The bank has also promoted Mignonne Cheng to executive chairman Asia, effective immediately.

The bank says the latest appointments in Asia, together with all the other confirmed hirings in 2025, underscore its commitment to strengthening its leadership and further accelerating its expansion in the region.

Cheng was appointed as chairman Asia more than four years ago, and has been instrumental in strengthening the bank’s ultra-high-net-worth franchise in North Asia since then.

Hsu brings nearly 40 years of wealth management expertise, with a focus on Asia’s growth markets. Before joining the Bank, she served as vice chairman, Asia, at JP Morgan Private Bank.

Ng is a private banking veteran with more than 16 years of experience in the financial industry, including over 14 years at JP Morgan Private Bank. Lee has almost 30 years of experience in the financial industry, including over 20 years at JP Morgan Private Bank.