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HSBC sets out new structure for private bank in Europe

Reuters  |  LONDON 

LONDON (Reuters) - HSBC said on Monday it would create a single regional structure for its private bank in Europe which includes its businesses in the UK, Channel Islands, France, Germany, Switzerland and Luxembourg. The new structure, which will be called HSBC Global Private Banking, EMEA, will be led by Chris Allen, who has been appointed regional head of global private banking. "This will create a regional private banking business that is more integrated, strategically aligned and well positioned to deliver continued growth for HSBC Private Banking," the bank said in a statement. The move ...

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First Published: Mon, April 16 2018. 17:35 IST