HSBC Private Bank has appointed two new co-heads for its global investment group in Hong Kong and London.

The new co-heads are the firm’s managing directors Olivier Pacton in Hong Kong and Jean-Christophe Gerard in Geneva.

According to AsianInvestor, Gerard will be relocated to London to take up his new role.

The co-heads will be responsible for selection of investment ideas as well as products and services used by HSBC Private Bank.

The source reported that Pacton will be responsible for investment strategy, including execution, advisory, discretionary services, corporate finance solutions and investment counseling.

Pacton joined HSBC in 1998 and spent five years as head of foreign exchange. He held several positions since, including general manager for Saudi British Bank (part of the HSBC group), head of G3 trading in Hong Kong and head of trading and sales in Geneva.

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Gerard joined the foreign exchange sales unit at HSBC France 21 years ago, moving on to work as FX sales dealer and head of swap and FX trading in Paris.