Joe Abruzzo Announced as HSBC’s Head of Global Private Banking, Americas
May 11 2017 - 9:53AM
Business Wire
HSBC Global Private Banking announced that Joe Abruzzo has
succeeded Marlon Young as Head of Global Private Banking, Americas.
Young stepped down last month after 11 years with HSBC.
As HSBC’s chief private banking executive in the region, Abruzzo
will oversee efforts to progress client service offerings and
achieve sustainable growth for the business. This includes
enhancing investment management capabilities, increasing
collaboration opportunities with other HSBC businesses, modernizing
technology, further solidifying prudent risk management practices,
and implementing a refined target market client acquisition
strategy.
“We thank Marlon for his tremendous leadership and commitment
during a transformative time for our private banking business,”
said Pat Burke, CEO of HSBC USA. “As we look ahead, I’m confident
Joe’s experience and successful background best position us to
continue offering exceptional client service and achieve
sustainable business growth.”
With more than 30 years in banking, Abruzzo previously served as
Head of North America for HSBC Global Private Banking. Prior to
that, he held various roles in HSBC Commercial Banking including US
Head of Large Corporates, Co-Head of US Corporate Banking, and Head
of Northeast Corporate Banking. Before joining HSBC in 2014, he
spent 26 years with JP Morgan Chase in various senior leadership
roles in Commercial Banking and Corporate and Investment
Banking.
“I’m very grateful for the opportunity to lead a terrific group
of people and a business with so much potential. Marlon leaves us
with great momentum and I’m appreciative of his mentorship and
guidance throughout my tenure,” said Abruzzo. “This is a great time
to be part of HSBC Private Banking. Our future is bright, our
objectives are clear, and if we all continue to do our part, we can
really build something to be proud of.”
About HSBC Private Banking
As part of the HSBC Group, one of the world’s largest banking
and financial services organizations, HSBC Private Banking seeks to
be the leading international private bank for business owners and
their families. It provides clients with wealth, business and
family succession solutions in the largest and fastest growing
markets around the world. HSBC Private Banking is the marketing
name for the private banking business conducted by the principal
private banking subsidiaries of the HSBC Group.
For more information, visit www.hsbcprivatebank.com
About HSBC Bank USA, N.A.
HSBC Bank USA, National Association (HSBC Bank USA,
N.A.), with total assets of US $178.7 billion as of 31 December
2016 (US GAAP), serves 2.4 million customers through retail banking
and wealth management, commercial banking, private banking, asset
management, and global banking and markets segments. It operates
more than 230 bank branches throughout the United States. There are
over 145 in New York as well as branches in: California;
Connecticut; Delaware; Washington, D.C.; Florida; Maryland; New
Jersey; Pennsylvania; Virginia; and Washington. HSBC Bank USA, N.A.
is the principal subsidiary of HSBC USA Inc., an indirect,
wholly-owned subsidiary of HSBC North America Holdings Inc. HSBC
Bank USA, N.A. is a member of the FDIC.
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version on businesswire.com: http://www.businesswire.com/news/home/20170511005765/en/
Media:For HSBCMatt Ward,
212-525-1931matthew.m.ward@us.hsbc.com
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