HSBC (HSBA. L) has hired Justin Wu as its first co-head of climate change Asia Pacific to lead the development and implementation of the bank’s sustainability strategy in the region, a memo to staff seen by Reuters showed.
Wu will join HSBC on Sept. 5 from Bloomberg New Energy Finance, where he was the Asia Pacific regional managing director.
The hire is the latest in a series for the Asia-focused lender as it looks to build a ‘Sustainability Centre of Excellence’ to help the bank and its clients manage the global transition to a low-carbon economy.
Wu will lead the bank’s engagement with big companies, regulators and other stakeholders on climate transition, she said.
Wu will be based in Tokyo until mid-2023, before relocating to Hong Kong.