HSBC has appointed Joe Abruzzo as head of its global private banking business in Americas, replacing Marlon Young who stepped down in April 2017 after spending 11 years at the firm.
In his new role, Abruzzo will be responsible for enhancing investment management capabilities, increasing collaboration opportunities with other HSBC businesses, modernising technology and implementing target market client acquisition strategy.
Abruzzo has over three decades of experience in the banking sector. He most recently served as head of North America at HSBC Global Private Banking.
He joined HSBC in 2014, and previously served as US head of Large Corporates, co-head of US Corporate Banking, and head of Northeast Corporate Banking at HSBC Commercial Banking.
Prior to joining HSBC, he worked for 26 years at JP Morgan Chase in several senior leadership roles.
HSBC USA CEO Pat Burke said: “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.”