Mr Pittsey will head the HSBC Private Bank office in San Francisco, and will report to Patrick Campion, CEO US Private Bank.

Mr Pittsey responsibilities will include serving the needs of the bank’s private banking clients by assembling internal teams of experts to implement solutions and provide clients access to the bank’s full spectrum of products and services, including liquidity management, fiduciary services (trust and estate administration, and custody), as well as a broad array of banking, family wealth and philanthropic advisory services.

Most recently, Mr Pittsey was managing director and office director for Deutsche Bank private wealth management in San Francisco. He spent 14 years at Wells Fargo private wealth management in San Francisco where he was a senior vice president and regional manager.

Mr Campion said: “Mark brings to HSBC more than 18 years of wealth management experience serving the complex and diverse needs of high net worth individuals during various market cycles. California and the Northwest are strategic growth markets for HSBC and we are pleased to add Mark to our experienced team of bankers.”

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