HSBC Private Bank has combined its UK and International UHNW businesses to create a single relationship management group focused at the UHNW client segment.
The newly created UHNW relationship group will be headed by Raffaello Nemni. Based in London, Nemni will be responsible for managing a team of UHNW relationship managers and support staff.
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In addition, Nemni will grow the bank’s franchise with large private clients including entrepreneurs, business owners and senior executives, working in partnership with key professional intermediaries.
Nemni, who has over 20 years’ of wealth management experience, joined HSBC in 2014. Prior to that, he held a variety of client-facing leadership roles at Credit Suisse and UBS Wealth Management in London and also worked as a general manager of Bank J Safra.
HSBC said that the new team will continue to deliver UHNWs a range of solutions to help clients with more than $30m in AUM to grow, manage and preserve their wealth.
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