HSBC has appointed a new head of ultra-high-net-worth in its US Wealth, Premier and Global Private Banking team.
The global banking group has had quite the year following the unexpected departure of its CEO Noel Quinn who had overseen several key policy decisions including deciding to cut back on its US operations.
However, under new CEO Georges Elhedery there has been some weight added to the US team including the opening of a flagship center in New York City as home to a significant UHNW-focused push into the country’s wealth management landscape. The group has also been reshaping its investment banking operations to look more like Wall Street rivals.
As head of UHNW, Eric Ingber will lead efforts to support high-performing teams across sales, investment management, and compliance.
Ingber brings a wealth of experience to the role having spent 18 years at JP Morgan Private Bank including 10 years as executive director, and then, after almost 18 months as a wealth advisor at AW Jones, he held managing director roles across various divisions of Bank of America Private Bank.
He will report to Racquel Oden, HSBC US head of Wealth, Premier and Global Private Banking, and Caroline Kitidis, global head of Ultra High Net Worth.
“We are thrilled to have Eric join HSBC and focus on delivering exceptional service to our U.S. and international clients,” Oden said. “Our international clients who live and work across borders have unique financial needs, and our Global Private Bank can provide important services to support their wealth management needs.”
Oden is implementing a new growth strategy focusing on supporting international and UHNW clients, which includes some other senior hires in the US team including head of Wealth Planning and International Connectivity Carly Doshi, Regional Market head Didi Nicholas and Clark Pingree, who will be supporting the North and West markets, respectively.
HSBC announced this week that its global head of private banking and wealth Annabel Spring would be leaving as part of a management shakeup that has seen hundreds of senior bankers reapplying for jobs as the bank restructures.
Spring’s responsibilities overseeing private banking and wealth management will be divided between Gabriel Castello and Lavanya Chari, respectively.
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