HSBC Bank USA, N.A., part of HSBC Group, has appointed Mark Pittsey as the Head of Wealth for HSBC USA, effective immediately. In this new role, Pittsey is responsible for the entire wealth proposition across private management, spanning retail customers to ultra-high net worth clients. He reports to Pablo Sanchez, Regional Head of Wealth and Personal Banking in the US and Canada.
“Through his nearly three decades of expertise, Mark has proven to be a standout senior executive and leader, managing teams who oversee the investment management, lending, trust, wealth planning and banking needs of high-net-worth and ultra-high-net-worth clients,” said Sanchez.
Pittsey joined HSBC in 2010 and most recently served as Managing Director and Market Head for the Central and Western Regions. He began his career with Wells Fargo Private Bank in 1992 and later joined Deutsche Bank Private Bank in 2007 as a Regional Manager for the Bay Area Region.
In February, HSBC Group announced that it is combining Retail Banking and Wealth Management with Global Private Banking to create Wealth and Personal Banking (WPB). With a combined total of USD 1.4 trillion in assets, WPB is one of the world’s largest global wealth managers.
Image source: Financial News