HSBC Appoints Commercial Chief for Wealth Business
An ex-Citi banker is relocating from New York to Hong Kong to become the commercial chief of HSBC’s wealth management business.
HSBC has appointed Valentín Valderrábano as chief commercial officer, international wealth and premier banking (IWPB), according to a statement, effective February 20. In the role, he will focus on strategy execution for IWPB, driving wealth-led growth, enhancing customer experience, and strengthening the integration of digital and physical channels. He will relocate from New York to Hong Kong and report to IWPB CEO Barry O’Byrne.
Valderrábano has more than 20 years of experience in retail banking and wealth management, most recently as CEO of global wealth at Citibank.
«We are pleased to welcome Valentín to the team at this exciting time for IWPB,» said O’Byrne. «We have a clear goal to become the world’s leading international wealth manager, particularly in Asia and the Middle East, and we are now accelerating the execution of our strategy with sharpened focus and significant investments.»
