Newbie Among Asia's Private Banks to Ramp Up Hiring

BOC Hong Kong (Holdings) Ltd., which broke into the ranks of the 20 biggest private banks in Asia four years after getting into the business, is stepping up its expansion in the region. Wendy Tsang, managing director at BOC Hong Kong Private Banking, said in an interview last week that she’s aiming to boost the number of relationship managers by at least 20 percent from the current 120 -- and, if there’s enough available talent, by up to 50 percent. The unit of Bank of China Ltd. will recruit both externally and internally as it integrates its parent’s Southeast Asian operations, acquired over the past two years.