HSBC Private Bank has appointed Bill Shannon as the new head of the central region.

Shannon, based in Chicago, will be tasked with growing the firm’s US business in this region, and will be responsible for heading a team of professionals catering to the investment management, lending, trust, wealth planning and banking needs of high net worth and ultra-high net worth clients.

Shannon has an experience of over two decades in the wealth management industry.

HSBC Private Bank head of North America Joe Abruzzo said: “We are thrilled to have Bill join our team. His experience in the industry, knowledge of the market and dedication to client service will be instrumental in growing our business in this important region.”